22 February 2019

China Minmetals sets lower 2014 revenue goal, paper says

China Minmetals Corp. has set its revenue target for 2014 at 360 billion yuan (US$59.22 billion), down 42.81 billion yuan from the 2013 goal, amid an economic slowdown and falling demand for bulk commodities, National Business Daily reported Monday, citing a company source. The company is seeking 7 billion yuan in profits, 30 million yuan lower than in the previous year. It will focus on its heavy rare earth business in southern China, the report said.

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