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Chinalco invests 10 billion yuan in Rare Earth


The leading aluminum producer in China, Aluminum Corporation of China (Chinalco) announced on Monday known for more than 10 billion yuan (1.5 billion) shares in the rare earth promoters Jiangxi Rare Earth and Rare Metals Tungsten have Group (JXTC) purchased.

Chinalco company whose stated goal it is to be the largest rare earth companies in the world, will JXTC nächtsen in the 3-5 years are in the exploration and exploitation of rare earth deposits with help and advice. JXTC in China is the market leader in the promotion of Tungsten and operates extensive Rare earth deposits in the Jiangxi province.

China possesses the world's largest rare earth reserves in the world. The country derives almost 95 percent of international demand.