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    Rare earth: Fight for mining rights seems fierce

  • China Aluminium Network
  • Post Time: 2010/10/26
  • Click Amount: 582

    (China Aluminum Network): It is undoubtedly rare earth is a big cake. Minmetals Development (32.27,0.74,2.35%)(600058),Baotou Steel Rare Earth (87.18,1.02,1.18%)(600111),Aluminium corporation of China (12.86,0.54,4.38%)(601600), Jiangxi Copper (48.74,4.43,10.00%) (600362), Guangsheng nonferrous metals(600259)and other enterprises are all eyeing rare earth resource in south China. The competition and pursue begins not only between companies, but between companies and local interest.


    On one hand, several major central enterprises are fighting fiercely for mining right of rare earth, it is hopeful that rare-earth industrial chain will be integrated. On the other hand, losing mining right means losing the right to control resources, which will directly touch the fundamental interest of locals owing resources. This will lead to more complexity for governing rare earth market.

    Source: www.alu.com.cn
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