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Chinalco Establishes Rare Earth JV
Edited by : AL CIRCLE
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Aluminum Corporation of China (Chinalco), the parent of Aluminum Corporation of China (Chalco) (601600,2600.HK), jointly established a company, Chinalco Guangxi Rare Earth Development in Naning, Guangxi province, with Guangxi Non-ferrous Metals Group and Grirem Advanced Materials, reports National Business Daily.
The joint venture, which has a registered capital of 500 million yuan, will invest in rare earth mining rights and in the processing, production and development of rare earth products.
The joint venture, which has a registered capital of 500 million yuan, will invest in rare earth mining rights and in the processing, production and development of rare earth products.
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