China
        

From Chinese media

Top 3 rare earth firms to be named

Updated: 2011-06-13 17:43

By Yin Mingzhe (Chinadaily.com.cn)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

Three companies are expected to account for 80 percent of the rare earth market in southern China, if a proposed consolidation is completed, Shanghai Securities News reported Monday. And the names for the three companies may be released within this week, the newspaper added.

Related readings:
Top 3 rare earth firms to be named Inner Mongolia to reshape rare earth sector
Top 3 rare earth firms to be named Rare earth giant takes over 35 smaller miners
Top 3 rare earth firms to be named Baotou Steel Rare-Earth taking over smaller firms
Top 3 rare earth firms to be named Ministry investigates rare earth sector consolidation

The State Council, China's cabinet, on May 19 issued a policy proposal stating that China will consolidate the ion absorbed-type rare earth market, and that the largest three groups should dominate 80 percent of the market shares in southern China.

A high level meeting will be held to discuss the rare earth consolidation this week, and the names for the three largest groups may come out.

Many companies are involved in the ion absorbed-type rare earth industry, but only six are considered competitive on a large scale. They are: China Minmetals Corp, Aluminum Corporation of China, China Non-Ferrous Metal Industry's Foreign Engineering and Construction Co Ltd, Guangdong Rising Nonferrous Metals Group Co Ltd, Xiamen Tungsten Co Ltd and Ganzhou Rare Earth Mineral Industry Co Ltd, Shanghai Securities News reported.

E-paper

Pearl on the Yangtze

Wuxi is considered a town of natural beauty and its motto is "city of water and warmth".

Prose and consternation
Riding on a mystery train
Way of a warrior

European Edition

Specials

Wealth of difference

Rich coastal areas offer contrasting ways of dealing with country's development

Seal of approval

The dying tradition of seal engraving has now become a UNIVERSITY major

Making perfect horse sense

Riding horses to work may be the clean, green answer to frustrated car owners in traffic-trapped cities

Vice-President visits Italy
Sky is the limit
Quest for green growth