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Home / Metal News / NFC Suffers Huge Loss in Rare Earth Business in H1 2015

NFC Suffers Huge Loss in Rare Earth Business in H1 2015

iconAug 25, 2015 03:02
Source:SMM
China Non-ferrous Metal Industry’s Foreign Engineering and Construction Co. (NFC) suffered over 35 million yuan ($5.5 million) loss in its rare earth business during H1, www.ruidow.com reported.

SHANGHAI, Aug. 25 (SMM) – China Non-ferrous Metal Industry’s Foreign Engineering and Construction Co. (NFC) suffered over 35 million yuan ($5.5 million) loss in its rare earth business during H1, www.ruidow.com reported.

Rare earth companies under NFC mainly engage in rare earth oxide smelting, which could easily take the brunt of poor demand amid slowing global economy.  

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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