ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Commodities

2 Chinese rare-earth giants join forces as Beijing calls shots

Deal follows government plan to consolidate industry that holds economic leverage

A machine operates at a rare-earth mine in Inner Mongolia, China. The country produces 60% of the world's rare-earth metals.   © Reuters

BEIJING -- Two major Chinese rare-earth companies will work together to bolster a supply chain for industrially vital metals that can be used to put economic pressure on the U.S. and other nations.

China Northern Rare Earth (Group) High-Tech, a state-owned enterprise, has agreed to form a strategic partnership with Hong Kong-listed private-sector counterpart China Rare Earth Holdings. China Northern announced the deal on Sunday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more