Consolidation of rare earth enterprises to be finished in four years

'Rare Earth Industry Development Plan (2016-2020)' was formally introduced recently. According to the plan, by the end of 2020, the six rare earth groups will complete restructure of enterprises engaged in rare earth mining, smelting & separation and resources comprehensive utilization throughout the country. In the next step, the six groups, including CHINACLO, China Northern Rare Earth, Xiamen Tungsten, China Minmetals, Guangdong Rare Earth and China Southern Rare Earth Group, will continue to target at advancing rare earth industry consolidation with deliberate work plan and time schedule;