1,4‐Butanediol can be produced from 1,4‐anhydroerythritol through the co‐catalysis of monometallic mixed catalysts (ReOx/CeO2+ReOx/C) in the one‐pot reduction with H2. The highest yield of 1,4‐butanediol was over 80 %, which is similar to the value obtained over ReOx–Au/CeO2+ReOx/C catalysts. Mixed catalysts of CeO2+ReOx/C showed almost the same performance, giving 89 % yield of 1,4‐butanediol. The reactivity trends of possible intermediates suggest that the reaction mechanism over ReOx/CeO2+ReOx/C is similar to that over ReOx–Au/CeO2+ReOx/C: deoxydehydration (DODH) of 1,4‐anhydroerythritol to 2,5‐dihydrofuran over ReOx species on the CeO2 support with the promotion of H2 activation by ReOx/C, isomerization of 2,5‐dihydrofuran to 2,3‐dihydrofuran catalyzed by ReOx on the C support, hydration of 2,3‐dihydrofuran catalyzed by C, and hydrogenation to 1,4‐butanediol catalyzed by ReOx/C. The reaction order of conversion of 1,4‐anhydroerythritol with respect to H2 pressure is almost zero and this indicates that the rate‐determining step is the formation of 2,5‐dihydrofuran from the coordinated substrate with reduced Re in the DODH step. The activity of ReOx/CeO2+ReOx/C is higher than that of ReOx–Au/CeO2+ReOx/C, which is probably related to the reducibility of ReOx/C and the mobility of the Re species between the supports. High‐valent Re species such as Re7+ on the CeO2 and C supports are mobile in the solvent; however, low‐valent Re species, including metallic Re species, have much lower mobility. Metallic Re and cationic low‐valent Re species with high reducibility and low mobility can be present on the carbon support as a trigger for H2 activation and promoter of the reduction of Re species on CeO2. The presence of noble metals such as Au can enhance the reducibility through the activation of H2 molecules on the noble metal and the formation of spilt‐over hydrogen over noble metal/CeO2, as indicated by H2 temperature‐programmed reduction. The higher reducibility of ReOx–Au/CeO2 lowers the DODH activity of ReOx–Au/CeO2+ReOx/C in comparison with ReOx/CeO2+ReOx/C by restricting the movement of Re species from C to CeO2.