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Tungsten to cut output of rare earth smelting and separation products

BEIJING
2015-10-13 16:40

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Xiamen Tungsten (600549.SH) announced on Tuesday that it will cut output of rare earth smelting and separation products this year to prop up prices. The cut will be about 10 percent of the production quota designated by the Ministry of Industry and Information Technology (MIIT) to the listed company.

Earlier, in April, the MIIT unveiled the first batch of total rare earth production quotas for 2015. The company's production quota for rare earth smelting and separation products amounted to 1,379 metric tons (tonnes).

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