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Shenghe Resources denies plan to transfer control amid China Rare Earth takeover report

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  • Shenghe Resources denied plans by its controlling shareholder to transfer company control.
  • 6.763 billion yuan represented Shenghe’s overseas assets as of June 30, 2026.
  • Ngualla project approvals remain pending before construction can begin in Tanzania.
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Shenghe Resources denies plan to transfer control amid China Rare Earth takeover report - CoinPost Terminal