Ossen rare earths revenues drop in “challenging” business environment

By James Sean Dickson
Published: Monday, 29 June 2015

Weakening Chinese growth and pressure on rare earth products pricing has pushed down revenues for Ossen Innovation, though the company has managed to increase its profits marginally by $500,000 y-o-y.

Shanghai, China-based rare earths and zinc-coated steel materials producer, Ossen Innovation Co. Ltd, registered a net income of $0.9m, or $0.04/share in Q1 2014, up 80% year-on-year (y-o-y).

Revenues dropped, meanwhile,...

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