Chinalco Takes a Majority Stake in Jiangsu Rare Earth Venture

Reuters Africa reported that Aluminum Corporation of China (NYSE:ACH) has increased its assets with a majority stake in a rare earth venture in Jiangsu province.

The market news is quoted as saying:

Chinalco, which is China’s top aluminium producer and the parent of Hong Kong- and Shanghai-listed Chalco, has no immediate plans to inject the rare earth assets into the listed aluminium arm, Chinalco spokesman Yuan Li said.

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