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Rare earth firms 'encouraged' to form themselves into 6 groups

By Wang Zhuoqiong | China Daily | Updated: 2014-01-04 07:40

Rare earth producers nationwide are being encouraged by the government's economic authorities to consolidate into six groups, according to industry leaders.

Chen Zhanheng, deputy secretary-general of the China Rare Earths Industry Association, said the plan, formulated by the Ministry of Industry and Information Technology, has been approved by the State Council.

The six would-be industrial groups are:

Rare earth firms 'encouraged' to form themselves into 6 groups

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