China’s rare earths industry returns lower profits for 2013

By Antonio Torrisi
Published: Tuesday, 25 February 2014

Illegal mining and low competitiveness affect earnings; exports increased in 2013

China’s Ministry of Industry and Information and Technology (MIIT) has announced that China’s rare earths industry suffered a drop in profits in 2013, as pricing and operational headwinds continue to batter the sector.

Although the industry’s revenue in 2013 was close to Chinese renminbi (Rmb) 77bn...

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