China Rare Earth Group is officially established and the industry concentration will be greatly increased

Sinochem News.

It is understood that China Rare Earth Group Co.

China Rare Earth Group will focus on rare earth technology research and development, exploration and development, separation and smelting, deep processing, downstream applications, complete sets of equipment, industrial incubation, technical consulting services, import and export and trade businesses, and strive to build a world-class rare earth enterprise group with global competitiveness

According to the relevant person in charge of China Rare Earth Group Co.

Institutional analysis believes that the newly established rare earth giant will account for nearly 70% of China's total heavy rare earths, echoing the north and south of the rare earths, shaping a new pattern of two major rare earth groups in the south and the north

It is understood that at present, China has formed an industry structure dominated by Chinalco, Northern Rare Earth, Xiamen Tungsten, China Minmetals, Guangdong Rare Earth, and Southern Rare Earth

Northeast Securities said that in the short term, the contradiction between supply and demand may further intensify, and the price of rare earths has sufficient momentum

Regarding the new round of integration of the rare earth industry, the Galaxy Securities Research Report believes that this will help China to strengthen its control over the rare earth industry, promote the healthy development of the rare earth industry, make rare earths reflect their true value, and help gradually upgrade China’s rare earth resource advantages to China's strategic advantage in foreign competition