China Minmetals Rare Earth moves into profit in 2016
Published: Friday, 28 April 2017
While 2016 profits were up sales turnover decreased on the back of lower rare earths prices throughout the year. Meanwhile Rising Nonferrous Metals flagged ongoing risks to the rare earth market in 2017 as it too moved into the black in 2016.
China Minmetals Rare Earth Company, one of the biggest rare
earth companies in China, moved into a profit in 2016, of
Chinese renminbi (Rmb) 18.59m, from a loss in 2015.
The return to profit was mostly attributed to the company's
acquisition of Beijing Huatai Xintuo Geological Survey