Hunt for rare earths gets harder as JL MAG quits Australia deal
The Chinese producer of magnetic materials has dropped plans to invest in an Australian minerals firm after the target pivoted towards North American partners Key Takeaways: The plan was meant…
JL Mag forecasts big first-half profit increase
Rare-earth magnetic materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) on Wednesday forecast it will report a net profit for the first half of this year of 400 million…
BRIEF: JL Mag profit jumps over 20% in first quarter
Rare-earth magnetic materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) announced on Wednesday its revenue rose 16.05% year-on-year in the first quarter to 2.04 billion yuan ($299 million), while…
From software to the skies, China’s self-sufficiency drive meets economic reality
A key government document on rare earths was created using homegrown Chinese word processing software. And China's homegrown C919 regional jet has suffered a setback.
BRIEF: JL Mag profit rises sharply in first three quarters
Rare-earth magnetic materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) announced on Thursday that it expects to report a net profit for the nine months through September of 505…
Tempest of mismanagement, wrongdoing brews in China Rare Earth’s teacup
After a barrage of internal accusations, the problem-plagued company, despite its attention-grabbing name, is becoming another cautionary tale for investors Key Takeaways: China Rare Earth’s subsidiaries are facing at least…
BRIEF: JL Mag licensed to supply Europe, U.S. as China eases rare earth controls
Rare earth magnetic materials producer JL Mag Rare-Earth Co. Ltd. (6680.HK; 300748.SZ) disclosed on Wednesday it has obtained export permits covering the U.S., Europe and Southeast Asia after China imposed…
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