Held recently in Nanchang, Jiangxi Province in central China Investment and Trade Expo fifth six provinces and central enterprises Matchmaking Symposium on the Aluminum Company and Jiangxi Province SASAC signed a "rare Jiangxi Tungsten Industry Holding Group Co., Ltd. to increase their investment agreement", a high-profile Jiangxi Rare Earth to enter the industry.

Under the agreement, Alcoa will increase their investment in ways on Tungsten Holdings, the investment, as its controlling shareholder. Chinalco plans to invest 100 billion yuan, tungsten and rare earth in Jiangxi Province, to establish national industrial base.

Jiangxi Province Jiangxi Tungsten SAC Holding Group is a large state-owned industrial holding group. Chinalco is the world's top 500 enterprises, has formed aluminum, copper, rare earth, engineering, mineral resources, overseas development, international trade in seven business segments.

Aluminum company will start with Jiang W Holding Group in close cooperation, focusing on the development of rare earth resources, investment in the development of high technology and competitive products and industries, extend the industrial chain, to create a first class in Jiangxi Province, has an important influence in the world rare earth industrial base.

Providing by China Rare Earth Magnet-From Sina.com