More Consolidation of Chinese Rare Earths Producers

China Tibet online reported that in the most recent developments regarding consolidation of the rare earths industry in China, Baogang Rare Earth Group announced it would change its name to China North Rare Earth Group Co. Ltd after making “significant progress” merging with five smaller companies in north China’s Inner Mongolia Autonomous Region and Gansu Province.

As quoted in the publication:

Boasting a mine with the world’s biggest reserve of rare earth, BREG dominates the Chinese market of light rare earth products, and is a leading rare earth producer and processor globally.

Other domestic competitors are also considering regrouping, with Aluminum Corporation of China and Xiamen Tungsten Co. Ltd, two of the country’s six giants in the sector, expected to complete a merger by the end of this year.

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