China Minmetals’ president resigns after low rare earths profits
Published: Tuesday, 29 April 2014
Changes at the top of one of the world’s largest rare earths producers, one year after its re-organisation, show the present difficulty experienced by Chinese rare earths producers, facing oversupply and low prices.
The president of one of the
world’s largest rare earths producers, China
Minmetals Corp., resigned following a disappointing set of
company results for 2013.
IM sources said that the
Minmetals’ president, Jian Jiao, and general
manager, Jijun Gong, apologised in public for the net profits
recorded by the company...