www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

Chinese rare earth firm to form mega company

(Xinhua) Updated: 2012-12-28 15:13

BEIJING - China's top rare earth producer announced Friday it will gain control of 12 other firms in the sector, making its first move to form a mega company.

Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co on Thursday signed framework agreements on consolidating and restructuring with other rare earth firms based in Inner Mongolia, the REHT said in a statement filed to the Shanghai Stock Exchange.

Under the agreements, the 12 firms and their shareholders will transfer 51 percent of the companies' combined equity to REHT for free while REHT will plan their management and production.

REHT will also provide the firms with support in terms of talent, technology, funding, production and export quotas.

REHT's light rare earth output accounts for more than half of the world's total.

The move is the company's first step in its ambition to create a massive rare earth enterprise that will integrate light rare earth resources in the country's northern region, a plan that was unveiled in August this year.

The industry consolidation is also part of efforts to control environmental damage caused in rare earth mining and processing, stave off resource depletion and nurture competitive domestic firms in the sector.

Authorities expect bigger enterprises to churn out products with higher added value and shoulder more responsibility in environmental protection.

If the first step goes well, REHT will eventually team up with major rare earth producers in Gansu, Sichuan and Shandong provinces to form the China North Rare Earth (Group) Hi-Tech Co, the company's general manager Zhang Zhong said in August.

However, the framework agreements will become invalid if formal deals cannot be inked within one year, according to REHT's statement.

Rare earth metals are a group of 17 metals that are vital for the manufacture of high-tech products ranging from smartphones and wind turbines to electric car batteries.

As the world's largest producer of rare earth metals, China now supplies more than 90 percent of the global demand for the metals, although its reserves account for just 23 percent of the world's total.

The process of extracting the metals from the earth is extremely harmful to the environment. The Chinese government has implemented output caps, export quotas, stricter emission standards and higher resource taxes to curb environmental damage.

 

Special Coverage

China's rare Earth

 

Related Readings

Largest rare earth producer halts for 3rd month

Export quota for rare earths to stay the same

Smuggling blights rare earths industry

Rare earths exports down 8 % year-on-year

 

 

 

 

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产综合精品一区二区 | 91精品一区二区综合在线 | 色综合色狠狠天天久久婷婷基地 | 日本亚欧乱色视频在线观看 | 国产精品成人免费视频不卡 | 国产亚洲欧美日韩在线看片 | 91一区二区在线观看精品 | 亚洲欧美久久 | 久久精品视频日本 | 欧美性视频一区二区三区 | 欧美老妇b | 乱淫网站| 99久久精品一区二区三区 | 99久久久免费精品免费 | 在线观看日韩 | 亚洲欧美韩日 | 日韩高清在线播放不卡 | 久久91综合国产91久久精品 | 国产成人亚洲欧美三区综合 | 日韩成人免费在线 | 国产精品毛片无码 | 欧洲成人在线视频 | 亚洲国产夜色在线观看 | 特级毛片全部免费播放器 | 国产精品视_精品国产免费 国产精品视频久 | 一区二区亚洲精品 | 青青草国产一区二区三区 | 成人国产精品毛片 | 草草视频手机在线观看视频 | 97在线免费观看视频 | 一级待一黄aaa大片在线还看 | 中文乱码一二三四有限公司 | 免费毛片a| 国产精品美女视视频专区 | 成人毛片免费观看视频在线 | 国产精品视_精品国产免费 国产精品视频久 | 成人香蕉xxxxxxx| 欧美一级在线播放 | 亚洲女人被黑人猛躁进女人 | 免费观看一级欧美在线视频 | 国产乱码精品一区二区三区四川人 |