China’s Baotou Rare-Earth Suspends Facilities for One Month

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.

Click here to read the full Reuters report.