Minmetals Development Co., Ltd. was established in February1,May 1997. The company is mainly engaged in the trade and production of steel and metallurgical raw materials, as well as logistics, bidding and investment. It is a multinational modern enterprise. China Minmetals Corporation, the controlling shareholder of the company, is one of the 44 key state-owned enterprises managed by the central government. The company's total share capital is 65.438+0.72 billion shares, of which China Minmetals Corporation holds 68.65438+0 billion shares, accounting for 63.50% of the total share capital; Other shareholders hold 39,654.38 billion shares, accounting for 36.50% of the total share capital.
At present, the country is integrating the rare earth industry and forming a rare earth market dominated by five giant central enterprises. Minmetals is one of them. At present, Minmetals has more than 10 rare earth enterprises, with certain rare earth mining rights and export quotas, and has become a pivotal "big boss" in China's rare earth market.