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China’s Biggest Rare Earths Producer Extends Production Suspension to Another Month

China's biggest rare earths producer, Baotou Steel Rare-Earth (Group) Hi-Tech, declared middle of this week it will continue to extend its self-imposed production suspension of firing, smelting and separating of rare earths to another month, spurred by the continued dropping prices of the precious commodities in the world market.

The company started the suspension in October, which included factories in the northern region of Inner Mongolia as well as two in the eastern province of Jiangxi.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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