Shenghe Resources (SHA:600392) expects its attributable net profit for the first half to surge between 112% and 147% year over year, to about 800 million yuan to 930 million yuan, according to a Shanghai bourse filing on Saturday.
Net profit a year earlier was 376.9 million yuan.
The Chinese rare earth miner attributed the growth to positive demand for major rare earth materials and higher selling prices of its products.
Shenghe's shares fell 4% recently.
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