China's state rare-earth players bleed red ink as prices fall

 

 China's state rare-earth players bleed red ink as prices fall


HONG KONG -- China's major state-owned rare-earth companies are bleeding losses due to declining prices, while the government tightens its grip on the resources as a strategic industry.
 
China owns the world's largest reserves of the 17 rare-earth elements, which are indispensable for a wide variety of tech products.