Decline in production and efficiency of rare earth industry

Reporters from the Municipal Bureau of Statistics, National Bureau of Investigation Team was informed Baotou 1-March, the city above the existing scale of 34 rare earth companies, operating rate of 91.2%, total industrial output value of 2.04 billion yuan; sales revenue 1.81 billion million, down 25.3%; profit 210 million yuan, down 4.7 percent year on year; taxes paid 170 million yuan, down 1.9%.

Judging from the export of rare earth industry export delivery value of 31 million yuan, down 47.2 percent. In summary, these city-scale rare earth industry in the international market in the doldrums, under the influence of rare earth products prices continue to decline and many other negative factors, production and efficiency were significantly decline.


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