China To Consolidate Rare Earth Industry Through Mergers

By Abigail Rubenstein (May 15, 2015, 1:41 PM EDT) -- Chinese authorities have signed off on a merger plan to consolidate the country's rare earth mining industry, which has been the center of international trade disputes, into six large-scale companies that coordinate with one another, the nation's natural resources regulator said Thursday.

Plans for mergers involving China Aluminum Corporation, Xiamen Tungsten Co. Ltd., Inner Mongolia BaoTou Steel Union Co. Ltd., China Minmetals Corporation, Ganzhou Rare Earth Group Co. Ltd. and Guangdong Rare Earth Industrial Group Co. Ltd. have been approved by authorities, China's Ministry of Land and Resources said in an announcement posted on its website.

The approval followed a directive from...

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