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Rare Earth Producer Shenghe Resources’ H1 Profit Down 71.69% on Depressed Prices, Higher Costs

Chinese rare earth producer Shenghe Resources Holding Co. posted a 71.69% year-on-year fall in first half’s net profit, due to rising costs and low prices for rare earth products. Shenghe Resources registered a net profit of 7.46 million yuan ($1.21 million), or ...

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