China Rare Earth Group and others have invested in establishing a new company in Guangxi. The business scope includes smelting rare earth metals and other rare earth-related activities.

According to Qi Cha Cha, recently, Zhongxi Yuxiao Rare Earth Co., Ltd. was established with a registered capital of 800 million yuan. Its business scope includes rare earth metal smelting, rare earth functional materials sales, and non-ferrous metal alloy manufacturing. Shareholding transparency revealed by Qi Cha Cha shows that the company is jointly held by China Rare Earth Group Limited's fully-owned subsidiary, China Rare Earth Group Industry Development Co., Ltd., and others.