JL MAG formulates measures to deal with rare earth raw material price fluctuation
2018-12-07 11:55:14 [Print]
JL MAG Rare-earth Co., Ltd. recently revealed that the fluctuation of rare earth raw material prices has a large impact on the company's operating performance. The company's specific measures to deal with the fluctuation of rare earth raw material prices include: First, the company decides the output according to sales and purchases rare earth raw material in advance based on orders received to reduce the impact from the price fluctuation on the company's performance; second, the company and certain major customers form a certain price adjustment mechanism; third, the company will purchase appropriate amount of rare earth raw materials as safety stocks for 3-4 months usually based on the upstream raw material price trends.
