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: 国产精品久久久久国产精品三级 | 视频精品一区二区三区 | 特级毛片全部免费播放器 | 好叼操这里只有精品 | 特级一级毛片视频免费观看 | 欧美毛片 | 久草在线观看首页 | 米奇精品一区二区三区在线观看 | a毛片在线 | 日韩欧美一级毛片视频免费 | 成年人在线网站 | 51国产偷自视频区视频手机播器 | 久久精品视屏 | 中文一级国产特级毛片视频 | 亚洲黄色第一页 | 成人123 | 欧美极品在线播放 | 欧美日韩亚洲综合在线一区二区 | 大毛片a大毛片 | 亚洲一区二区三区成人 | 免费真实播放国产乱子伦 | 三级网站国产 | 国产一区2区 | 欧美一级做一级爱a做片性 欧美一欧美一级毛片 | 国产免费自拍 | 国产高清一国产免费软件 | 精品久久久久久 | 狠狠色狠狠综合久久 | 国产成人精品午夜视频' | 国产美女做爰免费视频软件 | 中文字幕s级优女区 | avtt加勒比手机版天堂网 | 精品精品国产高清a毛片 | 国产情侣真实露脸在线最新 | 国产亚洲精品美女一区二区 | 韩国毛片免费看 | 黄色毛片免费看 | 久久久久久久国产精品毛片 | 欧美一级成人影院免费的 | 不卡一区在线观看 | 美女黄色免费在线观看 |