Enterprise research shows that recently, Zhongxiyuxiao 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. According to enterprise research and equity penetration, the company is jointly owned by China Rare Earth Group Industrial Development Co., Ltd., a wholly-owned subsidiary of China Rare Earth Group Co., Ltd.

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