China’s central government has announced that it plans to set up a rare earths conglomerate in Ganzhou, Jiangxi province, in southern China, according to a China Daily newspaper report.
The establishment of the conglomerate takes China’s rare earths industry a step closer to consolidation, a move which the government hopes will help regulate rare earth production in the country.
The prefecture-level city of Ganzhou and surrounding area hosts around 40% of China’s valuable ion-adsorption rare earth clays, and has been...