China Northern Rare Earth Explained

China Northern Rare Earth (Group) High-tech Co., Ltd., known as China Northern Rare Earth and abbreviated CNREG,^[1] is based in, Baotou, Inner Mongolia, China. The company's products include rare earth concentrate and highly processed rare earth products.^[2]

The company is listed on the Shanghai Stock Exchange.^[3] Its CEO is Dianqing Zhao (赵殿清), and its general manager is Yedong Qu (瞿业栋).^{[1] [4] [5]}

In 2018, the company made a profit of 606 million RMB on revenue of 13.85 billion RMB.^[3]

History

In 2008, China Northern Rare Earth merged with Baotou Steel Rare Earth, and by 2009 the company's market share reached 90%. In 2010, the company's performance rose dramatically, increasing by a factor of 12.46.^[6] In 2014, Baotou Steel Rare Earth established China Northern Rare Earth Group, one of the largest rare earth corporations in China.^[7]

Notes and References

1. News: The next chapter of China's rare earth industry . 24 December 2021 . Asia Financial . 17 January 2021.
2. Book: 郭朝先，刘嘉著. 包头市新源稀土高新材料有限公司考察. 北京：经济管理出版社. 2015. 978-7-5096-3465-3. 220–221 . zh.
3. News: Can the US take back some control of rare earths from China? . 24 December 2021 . South China Morning Post . 26 May 2019 . en.
4. Web site: 600111.SS - China Northern Rare Earth Gp H-T Co Ltd Profile . Reuters . 24 December 2021 . en.
5. Web site: 北方稀土领导人员名单 - 北方稀土（集团）高科技有限责任公司 . 24 December 2021 . zh.
6. Book: 飞扬著. 牛股是怎样炼成的. 广州：广东经济出版社. 2015. 978-7-5454-3904-5. 1–2.
7. Book: 黄小卫，李红卫主编. 中国稀土. 北京：冶金工业出版社. 2015. 978-7-5024-6807-1. 195–196.