China Stocks: Baotou Rare-Earth, Jishi Media, Xiamen Tungsten
Stock Chart for Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co Ltd (600111)
Rare-earth producers: Inner Mongolia Baotou Steel Rare- Earth Hi-Tech Co. (600111) (600111 CH), China’s biggest producer of rare earth, rose 3.3 percent to 49.76 yuan. Xiamen Tungsten Co. (600549 CH), which also produces rare earth, added 1 percent to 37.10 yuan.
China aims to increase the annual capacity of rare-earth magnetic material by 20,000 tons by 2015, according to a statement posted on the Ministry of Industry and Information Technology’s website yesterday.
--Zhang Shidong. Editor: Chan Tien Hin
To contact Bloomberg News staff for this story: Zhang Shidong in Shanghai at firstname.lastname@example.org
To contact the editor responsible for this story: Darren Boey at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.