http://www.indmin.com/Article/3576779/Rare-earths-companies-struggle-as-NdFeB-better-off.html
Rare earths companies struggle as NdFeB better off
By ALBERT LI
Published: Monday, 08 August 2016
Chinese upstream rare earth miners forecast a worsening of their financials in the first half of 2016 as prices remain low and conditions difficult, while NdFeB suppliers expect a better situation overall. Rare earths guidance prices remain unchanged.
Ningbo Yunsheng Group, a listed company producing neodymium-iron-boron (NdFeB) permanent magnets in China, expects its net profit to surge by around 220-240% year-on-year (y-o-y) to over Chinese renminbi (Rmb) 500m ($75m*) for the first half of 2016, compared with Rmb 227m ($34m) in H1 last year.
NdFeB better off
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