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Another one bites the dust as Chinese get set to buy Peak's rare earth project

Proposed joint venture axed as Shenghe moves toward full control

Michael Quinn
Ngualla, Tanzania

Ngualla, Tanzania | Credits: Peak

China is set to wrap up ownership of another source of ore to feed its globally dominant rare earths sector after Peak Rare Earths agreed to be acquired by Shanghai-listed Shenghe for $150 million. ...

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