China Nonferrous Metal Ind. FE & Const. announced that it expects its net profit for the first three quarters of fiscal year 2011 to grow by 1450%-1500%, or to be approximately RMB 162,280,000- RMB 167,520,000, compared to that of same period last year (RMB 10,470,000). The Company cited the higher rare earths price as the main reasons for this forecast.
 

Source:reuters