People & Business :: Companies
Report: Leading Chinese rare-earth company to halt production for six months at one facility
8:30 AM MDT | July 5, 2013 | Francinia Protti-Alvarez
Inner Mongolia Baotou Steel Rare-Earth Group (Baotou, China), one of the largest rare-earth miners in China, announced it would be halting its rare earth ore (ROE) concentrate factories for six months, to stabilize the market, according to a report from Chinese news source Global Times, quoting a company filing with the Shanghai Stock Exchange. No capacities were disclosed. The move follows an announcement by the Chinese government on rare-earth export quotas for the second half of this year, as reported by CW. The overall export quota for 2013 is, as...
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