China Rare Earth Group Co., Ltd. Was Officially Established To Promote The Green Transformation Of The Industry

On December 23, according to the announcement issued by the state owned assets supervision and Administration Commission of the State Council, China Rare Earth Group Co., Ltd. was officially established in Ganzhou, Jiangxi Province.

China rare earth group is composed of two rare earth science and technology R & D enterprises, including 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 coordinated development of rare earth industry, China Steel Research Technology Group Co., Ltd. and Youyan Technology Group Co., Ltd Large rare earth enterprise group established according to the rule of law.

The established China rare earth group is a diversified central enterprise under the direct supervision of the SASAC of the State Council. The ownership structure is: the SASAC of the State Council holds 31.21%; Chinalco, China Minmetals Corporation and Ganzhou rare earth group Co., Ltd. hold 20.33% respectively; China Steel Research Technology Group Co., Ltd. and Youyan Technology Group Co., Ltd. hold 3.90% of China rare earth group respectively. The establishment of China rare earth group is an inevitable requirement to follow the historical development law of rare earth industry. China's rare earth industry reserves are the first in the world. Although the situation of "small, scattered, chaotic and weak" disorderly development of domestic rare earth enterprises has changed, However, it has not been able to meet the requirements of high-quality development.

China's rare earth enterprises will follow the law of market development, move towards the intensive development stage of merger and reorganization, eliminate backward and realize the optimal allocation of resources in the market. Green development and transformation is an urgent need for the domestic rare earth industry. Realizing the goal of "double carbon" and accelerating the green development and environmental protection of ionic rare earth mines in the South have become the key to the sustainable and healthy development of the industry. It is understood that after its establishment, China Rare Earth Group Co., Ltd. will focus on the scientific and technological R & D, exploration and development, separation and smelting, intensive processing, downstream application, complete sets of equipment, industrial incubation, technical consulting services, import and export and trade business of rare earth, so as to build a first-class rare earth enterprise group.

The relevant person in charge of China Rare Earth Group Co., Ltd. said that under the new development pattern, the enterprise group operation and intensive development of rare earth is conducive to increasing scientific research investment, integrating innovative resources, improving the R & D and application capacity of new rare earth processes, new technologies and new materials, and further unblocking the communication and connection between the upstream and downstream of the rare earth industry chain and different fields, We will better ensure the upgrading of traditional industries and the development of strategic emerging industries.