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...

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