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Rare earth price rebounds, Rising Non-ferrous Metals Expected to Stop Loss

iconOct 12, 2017 16:29
Source:SMM
Rising Non-ferrous Metals disclosed its performance projection, saying that it is estimated to stop loss during the first three quarters, with profits from 5 to 10 million yuan.

SHANGHAI, Oct. 12 (SMM)-Rising Non-ferrous Metals disclosed its performance projection, saying that it is estimated to stop loss during the first three quarters, with profits ranging from 5 to 10 million yuan. The company lost 118 million yuan during the same period of last year and lost 32.2717 million yuan during first half of the year. During the report period, the price of rare earth product rebounds and the company reinforces production and promotion, which increases revenues and profits.


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