Baotou, Rising Nonferrous Jump on Mineral Prices Outlook

Bloomberg reported that Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. (SHA:600010) rose by the daily maximum on outlook for rare earth prices.

The market news is quoted as saying:

Inner Mongolia Baotou gained 10 percent to 97.26 yuan at 3:11 p.m. in Shanghai, the highest since the shares made their debut in 1997. Rising Nonferrous Metals Share Co. advanced 5.8 percent to 77.93 yuan.

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