News Snapshot:
China Merges Rare-Earth Companies Into Megafirm to Ensure Global Dominance in Production China has tightened its dominance on the production of rare-earth minerals, and has merged three domestic companies into a megafirm just as global demand for vital minerals accelerates. According to Asian business news Asia Nikkei, Beijing has decided to boost China’s development of the vital minerals as well as the subsequent processing technology in an effort to strengthen its grip on the mining sector and subsequent exports. State-owned resource company China Minmetals Corporation (CMC) and nonferrous metals company China Aluminum Corporation have decided to merge with the government...
