Rare Earth Industry is Facing an Embarrassing Situation

On March 11th, Jiangsu Rare Earth Committee released publicly the operating data for provincial enterprices dealing with smelting operation  in January. In Which the total output and sales volume is 602.73 ton and 695.38 ton respectively, rising 29.88% and 36.98% compared with that of last year. export volume increase by 22.42% to 124.13ton on a year-on-year bases. With regard to output value and revenue, however, these enterprices has greatly droped in the two indices. the revenue in January is $28.61577 m, fell by 48.54% compared with last year, export value is $3.7104 m, declined 87.19%. Profit of these enterprises fell at a dramastic rate at 177.49%, the profit margin was $3.24789m.

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