China Aluminum Guangxi Nonferrous Rare Earth Mining Company Limited was Founded

The China Aluminum Guangxi Non-ferrous Rare Earth Mining Company Limited co-built by Aluminium Corporation of China, Guangxi Non-ferrous Metal Group Company Limited,and Grirem Advanced Materials Co.,Ltd. was founded on July 19. The company aims at building a complete rare earth industry chain with core competitiveness, trying to realize the goal of investing two billion yuan within three years, realizing 3.5 billion yuan of sales revenue and 800 million yuan of tax and getting listed within five years. Xiong Weiping, the general manager of Aluminium Corporation of China, said that Aluminum Corporation of China get actively involved in the structural adjustment and integration of rare earth industry in line with the requirement of the policies of rare earth industry and tried to build a rare earth national team with inherent advantages and the ability to compete in the global rare earth industry.