www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industry Watch

Rare-earth firms post rocky H1

By Wang Zhuoqiong (China Daily) Updated: 2013-09-04 07:44

First-half financial statements for listed rare-earth companies show an industry grappling with plunging profits and flat revenue, but analysts said the sector is getting back to normal as prices and demand recover.

According to the interim reports of 32 listed rare-earth producers, total first-half earnings fell 46.6 percent to 2.9 billion yuan ($473.8 million).

Five of the companies reported a loss. Another 27 made a profit, but in each case, the number was lower than in the first half of 2012. Aggregate first-half revenue rose a mere 1.4 percent to 123.5 billion yuan.

The profit slide was caused by a plunge in rare-earth prices, industry insiders said.

Baotou Steel Rare-Earth (Group) Hi-Tech, the country's largest producer, said revenue fell 23.3 percent in the first half. Net profit declined more than 33 percent to 1.1 billion yuan.

Analysts said Baotou's shrinking profit and revenue were caused by repeated suspensions at some facilities last year.

Guangdong Rising Nonferrous Metal Group Co Ltd, Taiyuan Twin Tower Aluminum Oxide Inc and Guangdong Kaiping Chunhui Co Ltd were among those in the red.

Despite the first-half figures, analysts have forecast a recovery for the industry, with many expecting a rise in rare-earth prices and overseas demand.

Chen Jiazuo, an analyst at the China Nonferrous Metals Information Network, said the companies' results were as expected after a year-long price plunge from a peak in 2011.

"The previous high price levels and profitability couldn't be sustained," said Chen.

"The industry has been getting back to normal this year and will continue to climb back in terms of prices and export demand."

Rare earths, which comprise 17 metallic elements, are used in many high-technology products, including missile systems.

Zhang Zhong, general manager of Baosteel, said earlier at the Fifth China Baotou Rare Earth Industry Forum held in Baotou, Inner Mongolia autonomous region, that the global rare-earth supply picture will undergo "major changes" as a growing number of projects come onstream.

Zhang Anwen, deputy secretary-general of the Chinese Society of Rare Earths, said global consumption last year was just 100,000 metric tons. But rare earth projects outside China have already reached an annual production scale of nearly 70,000 tons.

He said that in the next few years, emerging production capacity outside China and technology that can replace the need for rare earths will weaken the world's dependence on China.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产一级视频在线 | 中文精品久久久久国产网址 | 国产tv在线| 日韩a级毛片免费视频 | 99久久精品自在自看国产 | 国产精品久久久久久久免费 | 日本乱子伦xxxx | 一a一片一级一片啪啪 | 久久亚洲成a人片 | 爱呦视频在线播放网址 | 99精品国产成人一区二区 | 欧美视频精品 | a级在线观看 | 亚洲偷| 九九视频在线观看6 | 欧美成人免费夜夜黄啪啪 | 黄色网址免费在线 | 日韩日韩日韩手机看片自拍 | www.亚洲综合| 深爱激情五月网 | 国产福利一区二区在线精品 | 亚洲成人免费在线观看 | 成人福利网站在线看视频 | 日本久久综合网 | 一区二区三区观看 | 日韩中文字 | 国产日韩高清一区二区三区 | 亚洲一区二区三区福利在线 | 日韩欧美中文字幕在线视频 | 99久久精品免费观看区一 | 99热久久国产这里是精品 | 欧美一级特黄乱妇高清视频 | 久久综合精品国产一区二区三区 | 国产网站黄色 | 亚州精品视频 | 免费一级欧美大片在线观看 | 亚洲国产人成中文幕一级二级 | 久草视频国产 | 九九九免费视频 | 精品一区二区三区在线播放 | 色综合久久88一加勒比 |