Baotou Steel Rare Earth Suspends Production

CNBC reported that Baotou Steel Rare Earth (Group) Hi-tech Co has suspended production, due to a sharp drop in prices.

As quoted in the market report:
China’s biggest rare earths producer has suspended production in an effort to shore up plunging prices of the materials used by makers of mobile phones and other high-tech products.

To view the whole CNBC report, click here.