Metals
The metal and electrical industry, which employs almost 4 million people in Germany, is pessimistic about the outlook for coming months. The employers' association Gesamtmetall expects production in the sector to fall by 2% to 3% in the current year. "In view of the weak order situation and the continuing pessimism, a continuation of the downward trend is likely," said Gesamtmetall's chief economist Lars Kroemer. Last year, the industry recorded an increase in production of 2.6% compared to the previous year, according to figures from Germany's Federal Statistical Office. "However, the recover...
DPA Breaking News
HONG KONG, Dec 31, 2021 - (ACN Newswire) - JL MAG Rare-Earth Co., Ltd. ("JL MAG" or the "Company", together with its subsidiaries, the "Group", stock code: 6680.HK), a leading producer of high-performance rare earth permanent magnets ("REPMs"), announced the proposed listing of its H shares on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") today. JL MAG plans to offer an aggregate of 125,466,000 H shares (the "Offer Shares") under the Global Offering (subject to the Over-allotment Option), comprising an international offering (the "International Offering") of 112,919,200 sh...
ACN Newswire
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