Ganzhou Rare Earth Group

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.

China Minmetals Rare Earth confirmed that the State Council approved a merger of rare earth arms of China Minmetals, Aluminum Corp. of China (Chalco), and Ganzhou Rare Earth Group to form a new state-controlled rare earth behemoth.