China's state rare-earth players bleed red ink as prices fall - Nikkei Asia

Quick Summary:

A mine containing rare earth minerals is seen in China's Inner Mongolia region.

This marks a serious step backward from a net profit of 102.09 million yuan a year ago.

HONG KONG -- China's major state-owned rare-earth companies are bleeding red ink due to declining prices, as the government tightens its grip on the resources and supply chain as a strategic industry.

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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceBusiness

Markets: JapanChinaHong KongMongolia

Topics: Content Year China Earth Containing Nikkei Rare Million Asian Yuan Rare-earth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 09:39:00 (1 days ago)

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Article Length: 138 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Nikkei Asia

News ID: 21662477

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