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Minmetals rare earth expects net profit predicted to increased 200% to 248% in Q1 2018
Wang.C.S  2018.04.19



Minmetal Rare Earths (000831) released annual prediction in April 13th. The company expects the net profit of the shareholders of listed companies to be 25 million to 29 million in the first quarter of 2018, increasing 200.12 percent to 248.14 percent year-on-year.

The company has made the above prediction for the following reasons: growing sales of high added value rare earth oxide; the price of some rare earth oxide products has risen slightly over the beginning of the year, and the subsidiary's government subsidies have increased the company's profit.

Minmetal Rare Earths is one of the largest domestic enterprises engaging in the explore and production of ion clay adsorption rare earth deposit, operating trade of rare earth oxide, rare earth metal and rare earth processing products, as well as the research and developmet and consulting service of rare earth technology.
 
From:  
 
HongDa Industrial plans to invest rare earth new materials processing and application project in Baotou

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