China Rare Earth Group and others have established a new company in Wuxi with a registered capital of 10 million.

According to the Tianyancha App, recently, Zhong Xi Rare Earth Limited Company was established with Fu Taotao as its legal representative. The registered capital is 10 million RMB, and its business scope includes rare earth metal smelting, non-ferrous metal alloy manufacturing, rare earth functional materials sales, and new material technology research and development. Shareholder information shows that the company is jointly owned by China Rare Earth Group Industrial Development Limited Company and Yixing Xinweili Cheng Rare Earth Limited Company.