Inner Mongolia Baotou Steel Rare Earth Group Hi-Tech recorded a 458.5%YoY surge in the first half 2011 net profit to CNY 1.98 billion. The company’s sale revenue rose 156.8% YoY to CNY 5.98 billion.

The news from non-ferrous Metals said that rare earth began to drop in late June, which resulted in poor deals. Even they maintained the production; there were still no demand in the market. On August 1st, the news came that non-ferrous Metals would halt at th...