China’s Rare Earth Producers See Strong Profits Despite Geopolitical Tensions
· chinamoneynetwork.com
China's rare earth producers have reported or anticipated hefty first-half profits despite geopolitical tensions with Japan and the United States. US President Donald Trump's announcement of over US$2 billion in domestic mining investment is seen as diversifying the rare earth supply chain away from China's near-monopoly. This move has driven up product prices and valuations of listed Chinese firms. Shenzhen-listed China Rare Earth Resources and Technology reported a 46.53% surge in first-half net profit to 237 million yuan. The company's price-to-earnings ratio remains high at around 254, indicating strong investor expectations.
This area is available only to Subscribers.
China's rare earth producers have reported or anticipated hefty first-half profits despite geopolitical tensions wi...