$5 Billion Bid From US Investor For ERG Opens Speculations For Kazakhstan's Rare Earth Riches

American Businessman James Cameron has reportedly offered $5 billion to acquire Eurasian Resources Group (ERG), the world's largest producer of high-carbon ferrochrome by chrome content.ERG has been headquartered in Luxembourg since its $4.5 billion privatization in 2013, and Kazakhstan's government has a 40% stake in its global operations, which span 16 countries and four continents. Besides ferrochrome, the company is Kazakhstan's sole high-grade aluminum producer and has notable operations in the Democratic Republic of Congo, processing copper and cobalt.The company is ramping up production and exploration of rare earth metals critical to green energy, electronics, and defense industries. China controls over 85% of the global rare earth supply chain, making ...Full story available on Benzinga.comWeiter zum vollständigen Artikel bei Benzinga Weiter zum vollständigen Artikel bei Benzinga