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China’s Baotou Rare-Earth Suspends Facilities for One Month
Oct. 18, 2011 03:07PM PST
Rare Earth InvestingReuters reported that Baotou Steel Rare-Earth Hi-Tech (SSE:600111) is trying to stimulate the rare earth market by temporarily halting operations.
Reuters reported that Baotou Steel Rare-Earth Hi-Tech (SSE:600111) is trying to stimulate the rare earth market by temporarily halting operations.
As quoted in the market news:
Baotou Rare Earth, China’s top rare earths producer, said in a filing to the Shanghai Stock Exchange on Tuesday that the move was aimed at supporting Beijing’s efforts to preserve rare earth resources and end a sustained decline in prices.