Saturday, June 21, 2025

China Merges Rare-Earth Companies Into Megafirm to Ensure Global Dominance in Production

China has tightened its dominance on the production of rare-earth minerals, and has merged three domestic companies into a megafirm just as global demand for vital minerals accelerates.

According to Asian business news Asia Nikkei, Beijing has decided to boost China’s development of the vital minerals as well as the subsequent processing technology in an effort to strengthen its grip on the mining sector and subsequent exports.

State-owned resource company China Minmetals Corporation (CMC) and nonferrous metals company China Aluminum Corporation have decided to merge with the government of Ganzhou City— which is well-known for its significant deposits of rare earths— in what is a “strategic reorganization” to create a “world-class company.” The new company will now account for 70% of the country’s production quota of medium and heavy rare earths, and 40% of all rare-earths production.

China leads the globe in the production and refining of rare minerals, which are highly sought after in a variety of settings, such as consumer electronics, electric vehicles, and even military equipment. According to data from the US Geological Survey, the communist country was responsible for nearly 60% of the world’s rare-earths production last year. However, that figure has significantly slumped from around 90% four years ago, as both the US and Australia boosted production amid the US-China trade conflict.


Information for this briefing was found via Asia Nikkei. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Surge Battery Metals: The Nevada North Lithium PEA

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Gold’s Wild Bull Run: Are Markets About to Break? | Mike McGlone

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

China Targets Korean Firms in Rare Earth Export Clampdown

Chinese authorities have warned South Korean manufacturers they face sanctions if they supply products containing...

Tuesday, April 29, 2025, 02:56:00 PM

China Starts “Joint Sword-2024A” Military Drills Around Taiwan

China has recently launched an extensive military exercise named “Joint Sword-2024A,” involving the army, navy,...

Thursday, May 23, 2024, 11:39:59 AM

Ant Group IPO Suspended After Co-Founder Jack Ma Summoned for Talks With Regulators

Just several days before Ant Group Co was to begin trading in Hong Kong and...

Tuesday, November 3, 2020, 02:12:59 PM

Chinese Regulators Move to Ban Foreign IPOs for Tech Companies

Since the infamous collapse of the Didi IPO, Chinese regulators have cracked down on companies...

Friday, August 27, 2021, 03:29:59 PM

US$2.8 Billion Worth of Loans Found To Be Backed by Chinese Counterfeit Gold

Not only is the Chinese province of Hubei now infamously known as where the deadly...

Tuesday, June 30, 2020, 11:48:24 AM