# China Rare Earth Group formed by merging three state-owned entities

China Rare Earth Group Co. Ltd was formally established on December 23, 2021, as a merger of rare earth units from Aluminum Corporation of China (CHALCO), China Minmetals Corporation, and Ganzhou Rare Earth Group, plus two research institutes. The new SOE will control about 62% of China's heavy rare earths supply.

- Type: Acquisition
- Announced: 2021-12-23
- Where: Ganzhou, Jiangxi Province, China
- Status: completed
- Products: rare earths, dysprosium, terbium
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [China Rare Earth Group](https://endata.com/companies/60309.md)
- [China Minmetals Corporation](https://endata.com/companies/20179.md) (partner)
- [Aluminum Corporation of China](https://endata.com/companies/20411.md) (partner)
- [China Iron & Steel Research Institute Group](https://endata.com/companies/32049.md) (partner)
- [Ganzhou Rare Earth Group](https://endata.com/companies/59893.md) (partner)
- [Grinm Group Corporation](https://endata.com/companies/60310.md) (partner)

## Sources

- [china-briefing.com](https://www.china-briefing.com/news/china-merges-three-rare-earths-state-owned-entities-to-increase-pricing-power-and-efficiency/), 2022-01-12: "The merger of three state entities to establish the China Rare Earth Group Co. Ltd is the largest move of its kind in the world."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.