Resumen de China to raise rare earths tax and complete industry consolidation
"Currently, six rare earth groups control 94% of China's total rare earth resources and 75% of the mines," Yinsong Jia, director of the MIIT's rare earth office, told China news television programme, CCTV.
NFC's Southern Rare Earth (Xinfeng) Co. has announced the development of a rare earth separation facility in Guangdong with a production capacity of 7,000 tpa rare earth oxides.
Rare earths and refractories manufacturer, China Rare Earth Holdings Ltd's 95%-owned subsidiary, Yixing Xinwei Leeshing Rare Earth Co. Ltd, is to divest its subsidiary Dongye Rare Earth Co. Ltd for a total value of Rmb 128m ($20.5m).
