North China Baotou Steel Rare Earth Group gets government approval

By Antonio Torrisi
Published: Tuesday, 05 August 2014

The approval of the formation of the North Baotou Steel Rare Earth Group, formed by Inner Mongolia Baotou Steel Rare Earth Hi-Tech and five other major producers, is a major step towards implementing Beijing’s policy of building enterprise groups to regulate the domestic market.

The world’s largest rare earths producer has joined forces with five other Chinese producers to create a rare earths conglomerate.

Inner Mongolia Baotou Steel Rare Earth Hi Tech Co. announced this week that the newly formed North China Baotou Steel Rare Earth Group has been approved by the Ministry...

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