China’s state-owned rare earth companies are increasingly in the negative as prices fall. As the Japanese newspaper Nikkei Asia reported on Tuesday, the Shanghai-listed rare earth company „Rising Nonferrous Metals“ from Guangzhou had to admit that it expected a net loss of between 271 million yuan and 311 million yuan (37.33 million to 42.84 million US dollars) in the first half of the year. The group cited a „drastic drop in the sales prices of its most important rare earth products,“ namely dysprosium, terbium and didymium, a mixture of neodymium and praseodymium, as the reason. In the same period last year, the company made a net profit of 102 million yuan.