Rare earth group was officially established to benefit semiconductor

On December 23, according to media reports, China Rare Earth Group was officially established. Ao Hong, the director and deputy secretary of the Party Group of Chinalco, served as the legal representative and chairman of China Rare Earth Group. Liu Leiyun, the chairman and director of Minmetals Rare Earth, served as the general manager of China Rare Earth Group. On December 6, the media reported that China Rare Earth Group was about to be established and would be listed quickly at the end of the year. WEEK Electronic Engineering also reviewed the history of China Rare Earth in recent years.
It is reported that China Rare Earth Group is a large rare earth enterprise group established by Aluminum Corporation of China Limited, China Minmetals Group Co., Ltd. and Ganzhou Rare Earth Group Co., Ltd. in accordance with the principles of marketization and legalization in order to realize the complementary advantages of rare earth resources and the coordinated development of rare earth industry, and introduce China Steel Research Technology Group Co., Ltd. and Youyan Technology Group Co., Ltd.
The established China Rare Earth Group is a central enterprise with diversified equity under the direct supervision of the State-owned Assets Supervision and Administration Commission of the State Council. The shareholding structure is 31.21% held by the State-owned Assets Supervision and Administration Commission of the State Council, 20.33% held by Aluminum Corporation of China, Minmetals Corporation of China and Ganzhou Rare Earth Group Co., Ltd., and 3.90% held by China Steel Research Technology Group Co., Ltd. and Youyan Technology Group Co., Ltd. respectively. The establishment of China Rare Earth Group is a beneficial exploration and attempt of Chinalco Group, China Minmetals Group and Ganzhou Rare Earth Group based on their own development needs and in line with the development laws of the industry.
Company Profile
Aluminum Corporation of China Limited
Aluminum Corporation of China Limited was established on February 23, 2001 and changed its name from Aluminum Corporation of China to its current name on December 16, 2017. Chinalco Group is an important state-owned backbone enterprise under the direct management of the central government, mainly engaged in mineral resources development, nonferrous metal smelting and processing, related trade and engineering technical services. It is currently the world’s largest aluminum oxide supplier and the largest electrolytic aluminum supplier. The comprehensive strength of the copper industry ranks first in the country. It is one of the large rare earth enterprise groups registered by the relevant national departments, and is the largest lead-zinc enterprise in Asia. At present, the Group has 68 backbone enterprises with businesses in more than 20 countries and regions around the world. The total assets of the Group are 640 billion yuan. The operating income in 2018 exceeded 300 billion yuan. Since 2008, the Group has successively ranked among the top 500 enterprises in the world. The six holding subsidiaries of the Group have been listed at home and abroad.
China Minmetals Group Co., Ltd
China Minmetals Group Co., Ltd., formed by the strategic reorganization of the former two world’s top 500 enterprises, China Minmetals Group and China Metallurgical Group, is an important state-owned backbone enterprise with metal minerals as its core business and directly managed by the central government, and a pilot enterprise of state-owned capital investment companies. Its operating income in 2020 is 703.9 billion yuan, ranking 65th in the world’s top 500 in 2021, and its headquarters is located in Beijing. It has nine listed companies, and has taken the lead in opening up the whole industrial chain layout in the global metal mineral field from resource acquisition, exploration, design, construction, operation to circulation and deep processing, forming the “four beams” of metal minerals, metallurgical construction, trade logistics, financial real estate, and mineral development, metal materials, new energy materials, metallurgical engineering, capital construction, trade logistics, financial services Real estate development is a “four beams and eight pillars” business system composed of “eight pillars”.
In the field of metal minerals, the company has rich reserves of metal mineral resources, with 42 mines at home and abroad, including 15 overseas mines, covering Asia, Oceania, South America and Africa. The output of zinc ranks among the top 10 in the world, and the resources of tungsten, antimony and bismuth rank among the top in the world.
Ganzhou Rare Earth Group Co., Ltd
Ganzhou Rare Earth Group Co., Ltd. was founded in November 2010, with a registered capital of 2.073 billion yuan and total assets of more than 10 billion yuan. It is one of the large state-owned enterprise groups directly under the Ganzhou Municipal Government. The company has more than 70 wholly-owned, holding and joint-stock companies including China Southern Rare Earth Group, Ganzhou Industrial Investment Group, Ganzhou Rare Earth Mining Co., Ltd.