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Further Consolidation Expected in China’s Rare Earth Industry
Oct. 29, 2014 08:11AM PST
Rare Earth InvestingThree companies are planning to further consolidate the rare earth industries this week, according to China Daily. The Ministry of Industry and Information Technology in China released the news at a rare earth forum held in Xiamen city October 23.
Three companies are planning to further consolidate the rare earth industries this week, according to China Daily. The Ministry of Industry and Information Technology in China released the news at a rare earth forum held in Xiamen city October 23.
As quoted in the publication:
The three rare earth firms that proposed the plan are China Minmetals Corporation, Ganzhou Rare Earth Group Co Ltd and Rising Nonferrous Metals Co Ltd.
The detailed integration plans have not been published, but it is reported that Ganzhou Rare Earth Group intends to cooperate with Jinpanxi Rare Earth Group Co Ltd，a joint venture of six rare earth firms in Southwest China’s Sichuan province.