Abstract : The China Rare Earth Industry Prosperity Index, a gauge of the industry's overall performance, rose to 103.70 points in the second quarter this year, up 4.26 percent from last quarter, an industrial report said on Thursday.
BEIJING, July 16 (Xinhua) — The China Rare Earth Industry Prosperity
Index, a gauge of the industry’s overall performance, rose to 103.70
points in the second quarter this year, up 4.26 percent from last
quarter, an industrial report said on Thursday.
A reading above 100 indicates an expansion of the sector while below 100 represents a contraction.
The sub-index of market performance hit 106.98 points, the highest
among all the six sub-indices in the second quarter, according to the
report released by the China Economic Information Service and the Baotou
Rare Earth Products Exchange on Thursday in Beijing.
As China has taken effective COVID-19 epidemic prevention and control
measures, rare earth enterprises’ production and operations recovered
well in the second quarter, and the rare earth market confidence is on
the up in the third quarter, according to the report.
The index is a key part of China Rare Earth Serial Indices which also
includes the China Rare Earth Price Index and the China Rare Earth
Development Index. Enditem
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Source: China’s rare earth industry witnesses recovery in Q2