China's Private Enterprises Look Overseas for REE Opportunities
Source: Business China, Jin Zhang (8/19/11)
"Due to government restrictions on private investment in the in-demand minerals, many are being forced to seek opportunities outside of China."
Rising rare-earth prices are attracting a large number of private Chinese enterprises to the industry, but due to government restrictions on private investment in the in-demand minerals many are being forced to seek opportunities abroad, China Business News reported.
An unnamed insider from Sinom Holdings Ltd., a private Chinese enterprise that mainly focuses on international ore trading, was cited as saying that the company is currently seeking overseas investment opportunities in rare-earth mineral resources. Ganzhou Qian Dong Rare Earth Group Co. Ltd., an integrated mining company, also intends to invest abroad. . .View full article