Tag Archives: rare earths

Rare earths beckon to Chalco

Aluminum Corporation of China, more simply known as Chalco, is diversifying away from the heavily cyclic aluminum market to add rare earth mineral processing to its business footprint.

ACH (quote)’s state-owned corporate parent is building a $1.5 billion rare earth production center in China’s Jiangxi province.

The project will work with local interests including Jiangxi Rare Earth/Rare Metals Tungsten to roll up otherwise scattered rare earth properties in the region and may even include a dedicated smelter.

Rare earth elements, used in a variety of high-tech military and energy contexts, have become politically controversial recently due to China’s apparent decision to suspend supply to Japan in the recent diplomatic incident between the two countries.

China controls most rare earth exports, although several countries retain undeveloped resources.

China Metals Picks