In a disclosure to the Shenzhen stock exchange, China Rare Earth Resources and Technology said the industry was facing a “fundamental stage”. China continues to be a leader in rare earth mining and processing, but the country’s economic woes and the willingness of other countries to build new supply chains are cutting into revenues.
Beijing (AsiaNews) – Despite China’s efforts to dominate the strategic rare earths sector, revenues and profits from mining and processing these minerals essential for the digital world have shrunk.
State-owned China Rare Earth Resources and Technology reported a 5.4 per cent drop in revenue in…
