China Minmetals Rare Earth swings to profit

China Minmetals Rare Earth Group Resources Technology expects a net profit of 136m to 176m yuan for the first half of 2025, reversing a 244m yuan loss from the same period last year.

Basic earnings per share are forecast at 0.13 to 0.17 yuan, compared to a loss of 0.23 yuan previously.

The company attributed the turnaround to higher rare earth market prices, improved sales and production processes, and reversal of inventory impairment provisions.