Rising Nonferrous expects to lose net profits of RMB33 million in H1 2017
2017-08-01 17:29:24 [Print]
According to the performance forecast of Rising Nonferrous, the net profit of H1 2017 is expected to be about negative RMB33 million compared with negative RMB101 million in H1 of 2016.
According to Rising Nonferrous, although prices for some rare earth oxide moved up in H1 of 2017, those for some products remained at a low level especially those for dysprosium oxide, the representative product of ion-type rare earth in South China, dropped; As prices for tungsten concentrate were lower than the production cost, its tungsten plant saw losses though Rising Nonferrous implemented measures to reduce output and control losses.
According to Rising Nonferrous, although prices for some rare earth oxide moved up in H1 of 2017, those for some products remained at a low level especially those for dysprosium oxide, the representative product of ion-type rare earth in South China, dropped; As prices for tungsten concentrate were lower than the production cost, its tungsten plant saw losses though Rising Nonferrous implemented measures to reduce output and control losses.
Tungsten Ore WO3 50%min FOB Africa
Unit:USD/mtu
China tungsten concentrate producers' sales to production ratio statistics by province by month
Unit: %
