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
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