Net profit for Chinese NdFeB producers rises
Published: Tuesday, 08 September 2015
The lower rare earth feedstock prices and increased overseas demand that have followed the abolition of export quotas are likely to be the impetus behind a collective increase in magnet industry net profit in China.
Chinese sintered neodymium-iron-boron
(NdFeB) magnet companies in China saw their net profit rise by
29% year-on-year (y-o-y) for H1 2015, to Chinese renminbi (Rmb)
Turnover remained largely the same, up by 1.3% y-o-y to Rmb
3.05bn ($478.4m), as sales increased but prices dropped. The