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 Set to Create New State-Owned Rare-Earths Giant – by Keith Zhai (Wall Street Journal – December 3, 2021) republicofmining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from republicofmining.com Daily Mail and Mail on Sunday newspapers.
The Wall Street Journal reported that China will create one of the world’s largest rare-earths companies with the aim of maintaining its dominance in the global supply chain of the strategic metals as tensions deepen with the US. Citing unnamed “people familiar with the matter”, the WSJ said that the.