China Rare Earth Group and GRINM signed a strategic cooperation framework agreement

China Rare Earth Group and GRINM Group Corp.,signed an agreement on October 31st to set up a joint rare earth innovation hub,a move which marks China’s latest efforts to integrate production and research resources to push for high-quality development in the rare earth industry.According to a statement by the China Rare Earth Group published on its WeChat account,the two companies will deepen the integration of scientific research resources in areas like rare earth permanent magnet materials,and rare earth catalytic materials,as well as the development and exploitation of rare earth resources.