The new company is headquartered in eastern Jiangxi province's Ganzhou, a city known as a major rare earth production hub.

The 2205 ferrosilicon contract price on ZCE closed at 8730 yuan per ton on December 29.

The total value of goods in the logistics sector was 288.8 trillion yuan ($45.34 trillion) in the 11-month period, rising 9.7 percent year-on-year.

Aluminum Corp of China or Chinalco,China Minmetals Corp, and the local government of Ganzhou in East China's Jiangxi province have transferred some of their rare earth assets to create a new company called "China Rare Earth Group Co Ltd".

The world's largest shipbuilder is seeking to better serve the nation's major strategies, official sources said.

Crude oil futures largely steady amid upbeat festive sentiment

Silicomanganese futures close at 8450 on December 29, an increase of 3.25%

Jakarta (ANTARA) - President Joko Widodo (Jokowi) has inaugurated a nickel ore processing and refining plant in Konawe district, Southeast Sulawesi, which will have a production capacity of more than 1 million tons per year.