Minmetals Rare Earth, Chinalco Rare Earths and Metals Co and China Southern Rare Earth Group Co are merging with the approval of the state regulator, Sasac (State-owned assets Supervision and Administration Commission). Analysts have noted pricing power of rare earths such as dysprosium and terbium (whose prices are up 50% in 2021 and are key inputs into rare earth magnets), will be concentrated in the new rare earths "super group", second only to China Northern Rare Earth Group.
