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

Published: Oct 12, 2017 18:34

Save

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.

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.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Guangsheng Nonferrous Metals Co.rare earth prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Apr 24, 2026 20:06

Rare Earth Prices Generally Rose Outside China, Europe and the US Accelerated Industry Chain Localization [SMM Ex-China Rare Earth Weekly Review]

This week, the overseas rare earth market was broadly influenced by supply tightening in China, with Pr-Nd and heavy rare earth prices generally rising. On the industry front, Europe and the US accelerated supply chain independence: the Norwegian government took over the development of the Fen deposit, the US acquired Brazil's Serra Verde, and Estonia's Silmet plant commenced production of heavy rare earth separation. In addition, UK magnet recycling and Brazil-Germany cooperation both made substantive progress, as the global ex-China supply chain buildout continued to accelerate.

Apr 24, 2026 20:06

Apr 23, 2026 19:21

Gippsland Fingerboards Project to Boost Rare Earth and Zircon Supply in Australia

According to Australian Government, the Fingerboards project by Gippsland Critical Minerals Ltd in East Gippsland, Australia is designed to become a major supplier of rare earth elements and zircon, with onsite processing and rail transport supporting downstream refining. The project targets annual output of around 200 tonnes of heavy rare earth oxides, 1,800 tonnes of light rare earth oxides, and 75,000 tonnes of zircon. It is expected to generate about 400 construction jobs and 262 permanent positions, with a total capital investment of $295 million.

Apr 23, 2026 19:21

Apr 23, 2026 15:52

Rare Earth Prices Fluctuated Significantly This Week, Bearish News Severely Undermined Market Confidence [SMM Rare Earth Weekly Review]

[SMM Rare Earth Weekly Review: Rare Earth Prices Fluctuated Significantly This Week, Bearish News Severely Undermined Market Confidence] The Pr-Nd oxide market fluctuated significantly recently. Driven by expectations of tightening on the supply side, upstream suppliers raised their quotes one after another. However, as bearish news spread, market confidence was severely undermined. As of today, Pr-Nd oxide prices adjusted to 780,000-800,000 yuan/mt within the week.

Apr 23, 2026 15:52