Chemical Week Magazine :: Business & Finance :: Asia/Pacific
China’s largest rare earth producer acquires nine rare earth mining firms
6:30 AM MST | January 17, 2014 | —Deepti Ramesh
Inner Mongolia Baotou Steel Rare-Earth Hi-Tech (Baotou, China), China’s largest producer of rare earths, has acquired nine rare earth mining companies in Inner Mongolia, an autonomous region in northern China that is home to more than half of the world’s light rare earth output. The acquisitions form part of the Chinese government’s efforts to consolidate the rare earth sector. The nine companies will be integrated into the management system of Inner Mongolia Baotou Steel Rare-Earth Hi-Tech and will comply with tougher environmental and...
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