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

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 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.

In-depth business integration in key areas major task in achieving goals.

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