China Rare Earth Group in talks to buy Shenghe Resources
China Rare Earth Group is in talks to acquire Shenghe Resources (SSE:600392), according to two sources. The potential deal would consolidate Beijing’s control over the sector and give China Rare Earth Group a stake in a US rare-earth play.
State-owned China Rare Earth Group is in talks to acquire Shenghe Resources SSE:600392, according to two sources familiar with the matter. The move would consolidate Beijing's control over the sector and give the company a stake in one of Washington's rare earth plays. If successful, the deal would hand…