Wenzhou Hongfeng: Rare earth elements account for a relatively small proportion of the overall raw material cost structure of the company.

On June 19th, Wenzhou Hongfeng stated on the interactive platform that although there have been some changes in the global rare earth trade environment, rare earths account for a relatively small proportion of the company's overall raw material costs. At the same time, the company has stable supply channels and normal production and operation activities.