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Regions :: China

More consolidation in China’s rare earth industry

7:41 AM MDT | August 11, 2014 | Deepti Ramesh

Inner Mongolia Baotou Steel Rare-Earth Hi-Tech (Baotou, China), China’s largest producer of rare earths, and Xiamen Tungsten Co. will lead the formation of two rare earth metals conglomerates in China, local press reports say. The move is part of the Chinese government’s efforts to consolidate the rare earth sector and will help the country maintain its pricing power for rare earth products. China’s rare earth deposits account for about 23% of the world’s total. The country, however, remains the world’s largest rare earth exporter...

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