The country controls most of the world’s mined output of rare earths, a broad group of 17 elements that are used in everything from smartphones to fighter jets.
NEW YORK: China has approved a merger of key rare-earths companies, creating a behemoth that will strengthen its control over the global sector it has dominated for decades.
China on Thursday officially set up the China Rare Earth Group Co, an industrial conglomerate through merging several key producers of the important mineral resources, China s national assets regulator said.
China Minmetals Rare Earth Co
said on Wednesday it would merge with two of China s other top
rare earth producers into a new company under the state assets
regulator, creating a global giant in the. | December 22, 2021