According to a report by China Central Television (CCTV), China has officially set up China’s Rare Earth Group. China’s State Assets Supervisory Commission (SASAC) will take over a 31.21% stake in the new company, while China Minmetals, Aluminum Corporation of China (CHALCO) and Ganzhou Rare Earth Group will each hold a 20.33% stake in the new entity. Recently, there has been an increasing popularity from investors for companies involved in this sector, which has been highlighted by the recent performance of these companies. Thus, investors have an optimistic outlook on the development of China’s rare earth industry after the establishment…