-- China Northern Rare Earth (SHA:600111) expects attributable profit to jump 109% to 118% to between 900 million yuan and 940 million yuan in the first quarter from 430.6 million yuan in the year-ago period, according to a Tuesday filing with the Shanghai bourse.
The upbeat forecast is attributable to a price increase in rare earths, as well as cost reduction and risk control, the filing said.
Shares fell 4% during the midday break.