摘要
On September 30^(th),China Rare Earth Holdings Limited announced to acquire 50.1%stake of OSRAM(China)Fluorescent Material(JV)at the cost of 15.1325 million yuan.The joint venture principally engages in manufacturing and sales of fluorescent products.After acquisitions,China Rare Earth Holdings Limited will hold 100%stake in the joint venture.
October 11-20,2013 There was no significant change in China rare earth market after the National Day holiday. Suppliers were under the pressure of sales. Some traders were slashing the price to make a deal. There was the rumor about storage of rare earth products in the coming days. Most producers had stabilized their quoted price and were waiting to see further market trend. Impacted by ongoing depression of downstream industry, Chinese domestic rare earth market was difficult to improve in short terms. Rare earth export market remained stagnant.
