. Space Industry and Business News .




.
TECH SPACE
Chinalco sets up rare earths processing firm
by Staff Writers
Beijing (AFP) June 8, 2011

Chinalco, China's largest alumina producer, has set up a company in the country's east that will separate highly profitable rare earths from crude ores, a spokesman said Wednesday.

The company, a joint venture in Jiangsu province, was launched on Tuesday, Chinalco spokesman Yuan Li told AFP.

Chinalco said in a statement Wednesday that the company, launched with five firms in Jiangsu that are authorised to separate the metals and a rare earths trading company, would have an annual capacity of over 30,000 tonnes.

Financial details of the project were not disclosed.

Chinalco is seeking to diversify from aluminium into other sectors such as coal, iron ore, rare earths and copper to become a global commodities firm.

Chinalco has in recent years acquired rare earth assets in provinces such as Jiangxi in eastern China, which is rich in the more expensive and scarce heavy rare earths, in a move to further consolidate the industry, the statement said.

The company is aiming to "build a national team in the rare earths industry... that will participate in global competition", it said.

The value of Chinalco's operational rare earths assets is more than 1.2 billion yuan ($185.3 million), the company said.

China produces more than 95 percent of the world's rare earths -- 17 elements critical to making everything from iPods to electric cars and missiles -- and Beijing has been trying to bring the minerals under state control.

The government has cut rare earths exports for the first half of 2011 by 35 percent compared to a year earlier, having slashed the quota by 72 percent for the second half of last year.

Last week, authorities in north China's Inner Mongolia said the state-owned Baotou Iron and Steel (Group), the country's largest rare earth producer, would take over rival processors in the region.




Related Links
Space Technology News - Applications and Research

.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



TECH SPACE
Thomas Edison also invented the concrete house
Newark NJ (SPX) Jun 07, 2011
Afficionados of modern poured-concrete design were in for a rude awakening last month when they heard NJIT Assistant Professor Matt Burgermaster's presentation at the 64th annual meeting of the Society of Architectural Historians. "Edison's 'Single-Pour System: Inventing Seamless Architecture" illustrated how Thomas Edison invented and patented in 1917 an innovative construction system to ... read more


TECH SPACE
Chinalco sets up rare earths processing firm

A flexible virtual system makes any reality possible

THAICOM 6 Satellite Project

Phase Change Memory-Based Moneta System Points to the Future of Computer Storage

TECH SPACE
Lockheed system proves its worth

Intelsat General To Support Armed Forces Radio And Television Service

Northrop Grumman Awarded Continuing Operation of Battlefield Airborne Communications Node Contract

ADTI Launches High Performance Antenna Arrays Protype Program

TECH SPACE
Shipments Of Sea Launch Zenit-3Sl Hardware Resume On Schedule

US Army supports student launch program

Boeing Opens Exploration Launch Systems Office in Florida

Payload processing underway for ASTRA 1N

TECH SPACE
Russia plans to launch six Glonass satellites in 2011

India plans to make GPS more accurate with GAGAN

EU to launch Galileo satellites this fall

Galileo: Europe prepares for October launch

TECH SPACE
US says India Boeing deal will support 23,000 jobs

N. Z. inventor readies 'jetski for the skies'

Airport plans 'threaten' Hong Kong dolphins

IATA halves airline profit outlook to $4bn in 2011

TECH SPACE
Quantum knowledge cools computers

New method for creating single crystal arrays of graphene

Two plead guilty in China microchip case: US

Superior sound for telephones and related devices

TECH SPACE
Satellite and Radar Data Reveal Damage Track of Alabama Tornadic Thunderstorms

New NASA Map Reveals Tropical Forest Carbon Storage

Workshop Preps Educators to Train Next-Gen Carbon Researchers

New NASA Salt Mapper to Spice Up Climate Forecasts

TECH SPACE
Schools shut in two Chinese towns after toxic leak

Paper argues against conclusion that bacteria consumed Deepwater Horizon methane

China environment poses 'challenges': official

Earthquake and Tsunami in Japan


Memory Foam Mattress Review
Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement