Shenghe Resources established a rare earth metal company in Hainan.

The Enterprise Check App shows that recently, Hainan Chensheng Rare Earth Metal Co., Ltd. was established, with the legal representative being Li Yamin and a registered capital of 20 million RMB. Its business scope includes rare earth metal smelting, non-ferrous metal alloy manufacturing, metal material manufacturing, non-ferrous metal rolling processing, new material technology research and development, etc. According to the equity penetration displayed by Enterprise Check, the company is indirectly wholly owned by Shenghe Resources.