Guangsheng Nonferrous Metals to Return to Profitability in First Three Quarters on Higher Rare Earth Price

Published: Oct 12, 2017 18:34

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Guangsheng Nonferrous Metals Co. said it may return to profitability in the first three quarters of the year, thanks to a rally in rare earth prices.

SHANGHAI, Oct. 12 (SMM) – Guangsheng Nonferrous Metals Co. said it may return to profitability in the first three quarters of the year, thanks to a rally in rare earth prices.

Western Mining Sees Profit Rise in First Three Quarters

It expects to earn 5-10 million yuan in this period, compared to 118 million yuan losses in the same period of last year.

Yunnan Tin Sees Net Profit Surging in Q3

It reported 32.27 million yuan losses in H1 2017.

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Guangsheng Nonferrous Metals Co.rare earth prices

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