China Creates Rare Earth Superpower with Three Company Merger

China Creates Rare Earth Superpower with Three Company Merger

China Minmetals Rare Earth Co said it will merge with two other Chinese rare earth producers under the state assets regulator, creating a “super company” in the strategic industry. China is already dominant in global rare earth production, and efforts to consolidate the nation’s rare earth companies have been considered as a way to increase influence over pricing….

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