China Rare Earth Stocks Rise on Crackdown Report: Shanghai Mover
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Rising Nonferrous Metals Share Co. and Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. led China’s rare earth stocks higher following a report the nation will curb illegal production of the metals.
Rising Nonferrous rose 4.1 percent to close at 48.70 yuan today in Shanghai, after climbing as much as 8.6 percent. Baotou Steel Rare Earth increased 0.7 percent to 29.46 yuan. The key Shanghai Composite Index rose 0.2 percent.