Rare-Earth Processor China Minmetals Nonferrous Metals Said it is Halting Output to Adhere to Country's Mandatory Production Limit -China Daily
The company, which has an annual rare-earth processing capacity of 14,000 tons, "hasn't decided when will be the specific date to halt production", anonymous sources from the company's marketing department was quoted by National Business Daily as saying on Tuesday. The non-ferrous arm of State-owned China Minmetals Corp, the nation's biggest metals trading firm, issued an appeal on Tuesday to other domestic rare-earth processing plants to also avoid illegal over-production.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.