Published: January 5th, 2022,
Last updated: January 5th, 2022
Ao Hong is the new chairman of the board of China Rare Earth Group. The newly established company brings together three state-owned producers that produce rare earths. The merger is intended to bundle domestic production of the industrial metals and make their extraction more efficient. Ao was previously director of state-owned metals company Chinalco. The State-owned Assets Supervision and Administration Commission (SASAC) recently merged Chinalco, China Minmetals and Ganzhou Rare Earth Group. China is a world leader in the production of the sought-after elements and controls up to 90 percent of the rare earth processing sector.