(MENAFN) Rare earth industry in China dropped in profits in 2013 despite the strong growth in revenue, according to Qatar News Agency
Industry revenue was estimated at about USD12.6 billion in 2013, or 7.9 percent higher. However, profits fell 28.1 percent to reach USD1.256 billion
A silver lining is one of the main sectors that the country relies and that market order keeps improving
China is the world's largest rare earth producer and exporter, but the industry is beset by some problems, such as illegal mining
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.