What is the connection between Baotou Steel and Baotou Steel Rare Earth?

Contact between Baotou Steel and Baotou Steel Rare Earth: Baotou Steel Rare Earth is a joint-stock company jointly established by Baotou Steel (Group) Company, Schwab Limited (Hong Kong) and Baotou Steel Comprehensive Enterprise (Group) Company.

Introduction:

Baotou Steel Rare Earth Co., Ltd. is China North Rare Earth (Group) High-tech Co., Ltd., whose main business is to develop and utilize the rare earth resources of Baiyun Obo, which is the richest in rare earth reserves in the world, and has unique resource advantages. The company has three directly affiliated factories (branches), 1 wholly-owned subsidiaries, 1 1 absolute holding subsidiaries, 7 relative holding subsidiaries and 3 shareholding companies. In recent years, the company has actively promoted the joint restructuring of the rare earth industry and extended the rare earth industrial chain downward. By unswervingly promoting resource control measures, breaking the boundaries between regions and ownership, and combining with advantageous enterprises in the industry at low cost, the scale and development strength have been continuously expanded, and at the same time, the integration of rare earth industries in other regions has been promoted, and the concentration of rare earth industries in China has been continuously improved.