China Northern Rare Earth (Group) High-tech Co., Ltd (600111.SH), China's largest rare earth producer, announced Monday that it would implement the strategy of restricting output and stabilizing prices in a bid to alleviate the imbalance between rare earth supply and demand.
The Shanghai-listed company decided to keep its production of smelting and separation products 10 percent lower than the quota assigned by the Ministry of Industry and Information Technology (MIIT) at the beginning of this year.
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