On May 23 in Chengdu, Sichuan Natural Resources Investment Group (SCRG) and China Rare Earth Group Co., Ltd. signed a strategic cooperation agreement. The two sides decide to form a strategic partnership in building Sichuan rare earth development and utilization platform, prospecting rare earth resources, cultivating rare earth industrial chain and enterprise clusters in Sichuan, strengthening technical research and new product development so as to advance high-quality rare earth development in Sichuan.