On the evening of September 23rd, China Minmetals Rare Earth Co., Ltd. (hereinafter referred to as "Minmetals Rare Earth") issued an indicative announcement on the intention of the actual controller to participate in the strategic restructuring in shenzhen Stock Exchange.
The announcement said Minmetals Rare Earth received a notice from China Minmetals Group Co., LTD., Chinalco, Minmetals, Ganzhou City people's government and other companies are planning a strategic restructuring of rare earth assets. The scheme has not yet been finalized and needs approval from relevant authorities.
In order to ensure timely and fair disclosure of information and safeguard the interests of the majority of investors, this announcement is hereby made. This strategic reorganization is in the planning stage, the relevant matters are uncertain, please investors pay attention to investment risks.
According to data from the Ministry of Industry and Information Technology, rare earth mines in South China, Chinalco and Minmetals produced 47,300 tons of light rare earth in 2020, accounting for nearly 40 percent of the total. Heavy rare earth 13,010 tons, accounting for 68%. In the first batch of 2021, south Rare earth, ChalCO and Minmetals rare Earth Mining will produce 28,000 tons of lREE, accounting for 39.1% of the total lREE. The mining output of heavy rare earth was 7,806 tons, accounting for 67.9 percent of the total. (article | AI business club Zhao Hao)