Tungsten, ternary, rare earth tripod, help performance broke out

Fujian rare earth integration platform to benefit from rare earth prices. The company is one of the six integrated platforms for rare earths and owns about 2,000 tons of mining quotas. Since the beginning of this year, due to the effects of rare earth consolidation, environmental protection, traceability of circulation and high frequency normalization of the State Reserve, the price of the major rare earths rebounded at the bottom, increasing by more than 30%. The strong rise in rare earth prices increased the Company's profit. Benefit from new energy vehicles, the amount of ternary battery material prices rise. The company sold 13,435 tons of battery materials in 2016, an increase of 85.49% over the same period of last year, of which 4751 tons of ternary materials and 89.02% of battery materials business, accounting for 24.04% of the total revenue. Benefit from the outbreak of the new energy automotive industry, the proportion of battery materials business will gradually increase.