Establishment of China rare Earth Group Co., Ltd.

SMM survey: what kind of metal do you like most in 2022?

China rare Earth Group Co., Ltd. was officially established today. China rare Earth Group is a large rare earth enterprise group established by China Aluminum Group Co., Ltd., China Minmetals Group Co., Ltd., and Ganzhou rare Earth Group Co., Ltd., in order to realize the complementary advantages of rare earth resources and the coordination of rare earth industry development, China Steel Research Technology Group Co., Ltd., Youyan Science and Technology Group Co., Ltd.

The established China rare Earth Group belongs to a diversified central enterprise under the direct supervision of the State-owned assets Supervision and Administration Commission of the State Council, with an ownership structure of 31.21%. Aluminum Corporation of China Limited, China Minmetals Co., Ltd. and Ganzhou rare Earth Group Co., Ltd. each hold 20.33%. China Steel Research Technology Group Co., Ltd. and Youyan Technology Group Co., Ltd. hold 3.90% respectively. The establishment of China rare Earth Group is a beneficial exploration and attempt of Chinalco Group, China Minmetals Group and Ganzhou rare Earth Group based on their own development needs and adapting to the law of industry development.