China Rare Metals plans to sell its magnesia production subsidiary

By Carrie Shi
Published: Monday, 09 July 2018

An uncertain outlook for magnesia products, financial losses and the burden of environmental regulations have put a price tag of $4.2 million on Haicheng Xinwei Lee Shing Magnesia Resources.

Lee Shing Holdings, a wholly owned subsidiary of China Rare Metals & Rare Earth Co, plans to sell 100% of the equity in Haicheng Xinwei Lee Shing Magnesia Resources for 28 million yuan ($4.2 million), its parent company said.

The main focus of Lee Shing Magnesia Resources, which is...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.