Rare Earth – Xinhuanet reported that in the first quarter of 2014, Inner Mongolia Baotou Steel Rare-Earth Group Hi-Tech Co. Ltd.'s (SSE:600111) net profit sunk 71.71 percent from the year-ago period, hitting US$11.26 million.
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Rare Earth – Inner Mongolia Baotou Steel Rare-Earth has signed an integration agreement with 12 other rare earth producers in the Inner Mongolia autonomous region. Investors are now watching with interest as the move could lead to the creation of the industry’s first ever “mega-company.”
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