On December 23, the new central enterprise China Rare Earth Group Co., Ltd. was formally established.

　　China Rare Earth Group is composed of China Aluminum Group Co., Ltd., China Minmetals Group Co., Ltd., Ganzhou Rare Earth Group Co., Ltd., etc. to realize the complementary advantages of rare earth resources and the development of rare earth industry. Co., Ltd. and other two rare earth technology research and development enterprises, a large rare earth enterprise group established in accordance with the principles of marketization and the rule of law.

　　The formed China Rare Earth Group is a central enterprise with diversified equity directly supervised by the State-owned Assets Supervision and Administration Commission of the State Council. Hold 20.33% respectively; China Steel Research Technology Group Co., Ltd. and Youyan Technology Group Co., Ltd. hold 3.90% respectively. The establishment of China Rare Earth Group is a beneficial exploration and attempt made by Chinalco, China Minmetals and Ganzhou Rare Earth Group based on their own development needs and adapting to the laws of industry development.

　　The establishment of China Rare Earth Group is an inevitable requirement to follow the historical development law of the rare earth industry. Throughout the development history of the rare earth industry, the rare earth industry will embark on the road of merger, reorganization and intensive development in the early stage of development that has experienced barbaric growth. Since 2003, my country's rare earth industry has undergone three formal integrations. Although the situation of "small, scattered, chaotic and weak" and disorderly development of rare earth enterprises has improved, it has not yet been able to meet the requirements of high-quality development. Chinese rare earth enterprises will also follow the law of market development, move towards the stage of intensive development of mergers and acquisitions, eliminate backwardness, and realize the optimal allocation of resources in the market.

　　The establishment of China Rare Earth Group is an urgent need for the green development and transformation of the rare earth industry. China is a major supplier of rare earth raw materials, and the rapid development of rare earth has caused many historical problems. Green and low carbon is the future development trend. The "double carbon" goal is China's solemn commitment to the world. Realizing the "double carbon" goal and accelerating the green development and environmental management of ionic rare earth mines in southern China have become the sustainable and healthy development of the industry. key. The grouping of rare earth enterprises can better integrate resources, make overall planning, scientific planning, unified implementation, and synergize scientific and technological innovation, and provide a solid foundation for promoting the gradual resolution of related problems.

　　The establishment of China Rare Earth Group is an objective requirement for the rare earth industry to achieve high-quality development. Under the new development pattern, the group operation and intensive development of rare earth enterprises are conducive to systematic and in-depth study of the basic characteristics and intrinsic properties of rare earth elements, increase scientific research investment, enhance the added value of rare earth terminal products, and provide technical support for the high-quality development of the rare earth industry. ; Conducive to improving the R&D and application capabilities of new rare earth processes, new technologies, and new materials, undertaking common and difficult problems in the rare earth industry and carrying out forward-looking research, improving resource conversion efficiency and development achievements in high-end application fields; Conducive to cracking the structural imbalance of the rare earth industry chain , The serious lag in the development of rare earth deep processing, the application and promotion of new technologies and new products, etc. restrict the high-quality development of rare earth enterprises, further smooth the communication between the upstream and downstream of the rare earth industry chain and between different fields, integrate innovation resources, form innovation synergies, and accelerate scientific and technological achievements. Transform applications, promote high-end applications to a new level, and better guarantee the quality upgrade of traditional industries and the development of strategic emerging industries.

　　China Rare Earth Group will focus on rare earth technology research and development, exploration and development, separation and smelting, deep processing, downstream applications, complete sets of equipment, industrial incubation, technical consulting services, import and export and trade business, and strive to build a first-class rare earth enterprise group.