China rare earths leader signs megacompany agreement

By Siobhan Lismore-Scott
Published: Friday, 28 December 2012

Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech to take over 12 companies

World leading rare earths producer Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co. said on Thursday that it will gain control of 12 other producers, forming a rare earths ‘megacompany’.

In a filing to the Shanghai Stock Exchange, the Chinese company said it had signed “consolidation and restructuring”...

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