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SMM reported that China’s leading rare earths producer, Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co., plans to merge with five smaller rare earth firms to establish the China North Rare Earth Group Co., a new company.
SMM reported that China’s leading rare earths producer, Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co., plans to merge with five smaller rare earth firms to establish the China North Rare Earth Group Co., a new company.
As quoted in the market news:
Baotou will acquire shareholdings in Baotou Feida Rare Earth Co., Baotou Jinmeng Rare Earth Co., Baotou Hongtianyu Rare Earth Magnets Co., Wuyuan Runze Rare Earth Co., and Xinyuan Rare Earth Hi-Tech & New Material Co.
The five rare earth separation and refining businesses have a combined rare earth processing capacity of 73,500 tonnes per year.
Click here for the SMM report.