A new company, Zhongxi (Gansu) Rare Earth New Materials Co., Ltd., has been established in Gansu, China, with a registered capital of 10 million RMB. This venture is jointly funded by Guangdong Rare Earth Industry Group Co., Ltd. and Gansu Guangsheng Rare Earth New Materials Co., Ltd., both subsidiaries of China Rare Earth Group. The company's business scope includes the smelting of rare and rare earth metals, processing of non-ferrous metals, and the manufacturing and sales of non-ferrous metal alloys, alongside new material technology research and development. AI
RANK_REASON Formation of a new company by a major state-owned enterprise in a strategic industry. [lever_c_demoted from significant: ic=2 ai=0.1]
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- Zhongxi (Gansu) Rare Earth New Materials Co., Ltd.
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