Acquiring Company
China Rare Earth Group
Acquired Company
Shenghe Resources
Description
China Rare Earth Group is in talks to acquire a controlling stake in Shenghe Resources. This acquisition could give Beijing more influence over Shenghe’s overseas holdings, including a stake in US company MP Materials. If completed, this deal could further consolidate China's rare earth sector under state control, impacting the supply chain of critical materials.
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Based on deal dataFrequently asked
Who acquired Shenghe Resources?
Shenghe Resources was acquired by China Rare Earth Group, based in China. The deal was reported on September 20, 2026. China Rare Earth Group was established in 2021 after reorganizing five state-run companies involved in the rare earth sector. It is now the country’s largest supplier of heavy rare earth elements. China Rare Earth Group is privately held and operates in Manufacturing.
When did China Rare Earth Group acquire Shenghe Resources?
China Rare Earth Group's acquisition of Shenghe Resources was reported on September 20, 2026. China Rare Earth Group is in talks to acquire a controlling stake in Shenghe Resources. This acquisition could give Beijing more influence over Shenghe’s overseas holdings, including a stake in US company MP Materials. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Shenghe Resources do?
Shenghe Resources is a partly state-owned Chinese company specializing in rare earths mining and processing. It plays a significant role in the supply chain of rare earth materials. It is privately held, operating in Manufacturing, and is based in China.
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