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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

China to Consolidate Rare Earth Companies

8:04 AM MDT | March 16, 2012 | —Deepti Ramesh

The Chinese government says that the country will establish two or three large rare earth enterprises by consolidating companies in the sector. The government did not disclose a timeline for the consolidation. Output by the domestic rare earth industry is valued at about Rmb40 billion ($6.35 billion) and the industry consolidation will cover companies in more than 10 Chinese provinces, the government says. The first of the large rare earth enterprises in China has already been created in the Inner Mongolia autonomous region by consolidating 14 companies under...

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