SHANGHAI, Aug. 15 (SMM) –Rising rare earth prices and persistent oversupply in NdFeB industry are taking a toll on NdFeB producers’ profitability.
For example, Yantai Zhenghai Magnetic Material Co. reported 403.31 million yuan in revenues in H1 2017, down 44.30% year-on-year, and suffered a loss of 14.97 million yuan, versus a profit of 72.89 million yuan a year ago.
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