January 20, 2014 Market Price of Rare Earth
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- Category: Rare Earth News
- Published on Monday, 20 January 2014 13:39
Today, the rare earth market continued to cool . In the joints due to the advent of intent to purchase the downstream market gradually diminishes , enterprises have ceased production were increased , and the rest have to maintain the old customer oriented .
Dysprosium oxide mainstream manufacturers tax 170-175 yuan / ton, dysprosium iron mainstream manufacturers tax price 175-185 yuan / ton.
Praseodymium oxide mainstream manufacturers tax price 550,000-570,000 yuan / ton. Neodymium oxide 300,000-310,000 yuan / ton.
Lanthanum oxide manufacturers tax price 22,000-23,000 yuan / ton. Cerium oxide mainstream manufacturers tax price 22,000-24,000 yuan / ton.
Neodymium oxide, praseodymium mainstream manufacturers tax price 305,000-315,000 yuan / ton , praseodymium , neodymium metal mainstream manufacturers tax price 380000-385,000 yuan / ton.
Fluorescent europium oxide mainstream manufacturers tax price 4,300-4,500 yuan / kg. Terbium oxide phosphor grade mainstream manufacturers tax price 3,200-3,300 yuan / kg.
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RE integration into the "deep water" North-South game companies face a different pattern
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- Category: Rare Earth News
- Published on Monday, 20 January 2014 11:29
Looking at the pattern of rare earth industry throughout the South , has been formed with a central rate local businesses coexist ; while the north although a single large, but there are still problems to be solved , the non-public offering to acquire equity issue, the industry has been interpreted as the integration of the Southern Rare Earth further forward.
For the current six groups established, these insiders told reporters: "Six Group established inside opened the prelude to deep integration , but also opened the door to outside competition . Internal integration involves the most practical interests, participate in integrated enterprise to face index distribution , market competition , and many other problems, and external competition means that the future of '1 +5' pattern or there are variables . "
Southern Rare Earth Integration: the central rate of the local fight
In just the last in 2013 , the rare earth industry situation has not improved operating falter . On the demand side , the pattern has not changed oversupply , as of the third quarter of 2013 , Baotou Steel Rare Earth , Rising Nonferrous and other leading companies in the industry profitability continued to deteriorate in the fourth quarter, will inevitably lead to rare earth prices to fall each company can not let the capital market to produce satisfactory results for the respondents .
Although now supports Steel, Minmetals , the aluminum construction of large rare earth group 's message has been flooding the market , but in fact in the past two years, the integration process is not rare is not successful, the six Group and local governments and businesses to be integrated Game between endless.
" From a national point of view, Inner Mongolia, Shandong , Fujian, Jiangxi , Guangdong, Hunan attribution of rare earth resources division has settled, but the Sichuan, Yunnan still uncertain , resource contention or further turmoil , " brokerage analysts said .
From the current perspective , Guangdong Province , Guangdong Rare was founded in February 2012 , the same year in December , the Guangdong provincial government announced the " rare integration " and proposed to Guangdong as the main rare earth , rare earth resources in the province to integrate . Meanwhile from the Ministry on January 8 meeting passed a message to see , the same shoulder , Guangdong Province, Guangdong Rare Earth Rare Earth integration task, but the Guangdong province of four rare earth mining permit all legitimate Rising colored rests in the hands .
At present , Guangdong Rising Nonferrous and rare earth belong Rising Assets Management Co., a subsidiary of the two sides is associated enterprises. In accordance with the provisions of the Commission , the parties can not compete with the business relationship with the industry, the elimination of intra-industry competition has become an unavoidable problem .
And to solve the competition in the industry, only two may be the way to go : Guangdong or the future integration of rare earth rare earth assets into the Rising colored , and ultimately achieve backdoor listing ; Or Rising colored rare earth rare earth business transferred to Guangdong , become a non- rare earth business listed companies.
Guangdong Rising Nonferrous and a rare earth regardless of the outcome of Enter the Dragon inevitable.
Looking at the pattern of rare earth industry throughout the South , in fact, has formed a local business with the central enterprises coexist . Baotou Steel Rare Earth , Rising colored , Ganzhou Rare Earth , Xiamen Tungsten and other resources for local businesses to grasp the link to group integration, while Minmetals and through mergers and acquisitions in the downstream aluminum smelting separation and processing industries , and gradually penetrate upstream.
Mid-July 2011 , Guangxi Rare Earth Development Co., Ltd. aluminum inaugurated , Chalco Guangxi layout. Minmetals Minmetals Rare Earth Group, which owns Founded in October 2008 , the current master of the 14,000 tons per year of rare earth smelting and separation capacity.
"There is no doubt that the future integration of rare earth will become increasingly fierce competition in the South . Some media reported that the parties are now competing for the rare earth resources in Sichuan province , but there is a listed company in Sichuan Sheng and resources , as well as Leshan Institute of Rare Earth New Materials Co. , foreign enterprises to integrate difficult to imagine. "There are people in the industry said on condition of anonymity .
Rare northern Integration: involves many stakeholders
In early January, Baotou Steel Rare Earth announced that nine companies and their shareholders undertake to accept and submit to the management system by the Baotou Steel Rare Earth Group specializing in Inner Mongolia People's Government and relevant departments to develop , in strict accordance with the national mandatory plan for production operations .
It is worth noting that by the end of December 2012 , the Inner Mongolia Baotou Steel Group and 12 upstream rare earth companies signed a "rare earth upstream integration and restructuring of the framework agreement ." The formal signing of the restructuring agreement was reduced to nine the number of enterprises , there are three companies currently not signed a formal restructuring agreement with Baotou Steel Group .
In fact, from 2010 Inner Mongolia Autonomous Region government issued the "rare earth resources development order rectification work program " clearly within the scope of the autonomous region of rare earth exploration, mining , processing, smelting by the franchise since the Baotou Steel Group , Baotou Steel Rare Earth Group to integrate upstream enterprises in Inner Mongolia roads extremely difficult.
Inner Mongolia Autonomous Region Government in May 2011 issued a " rare earth upstream integration autonomous work out program ," requires the integration is completed at the end of June 2011 . Under this program, in addition to 4 regional level above furniture department in charge of the investment project approval document separation of rare earth smelting enterprises into the scope of the Baotou Rare Earth franchise , the rest of the more than 30 companies have all been compensated off and eliminated.
As it involves placement of workers , corporate compensation and other issues, the controversial program , for shutting down slowly. In early 2012, regional authorities eliminated on consolidation program was re- adjustment , the new program of cooperation in the restructuring of enterprises, the number of firms and compensation Close Close -out companies have changed.
There are the rare earth industry analysts pointed out , Inner Mongolia Rare Earth upstream corporate restructuring process is slow mainly because of difficulty, to the interests of all parties involved , a larger number of initial investment capital needs . Some environmental pressures faced by various enterprises , some busy out of production , restructuring more difficult .
For the integration of the North Rare Earth Group , Baotou Steel Rare Earth one official said , Baotou Steel Rare Earth Rare certainly formed the Northern Group's core business and will play a major role.
Inner Mongolia Academy of Social Sciences Institute of Economics researcher believes Baotou Rare Earth Group consolidated nine upstream deeper meaning that changes in the structure of exports of rare earth products , the formation of a greater competitive advantage and consistent export policy , expected to change the difficult years of the rare earth export disorderly competition in the state of governance.
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Pite Bang Rare sprays were investigated illegal advertising
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- Category: Rare Earth News
- Published on Monday, 20 January 2014 11:27
Hebei released on November 2013 Yaoxie illegal advertising of health food sprays Heibang rare warning notice Pite Bang .
Hebei Food and Drug Administration recently to November 2013 the province of illegal drugs, medical devices , health food advertising cases to be announced . The announcement involves drugs and illegal advertisements 1224 times ; illegal advertising of medical devices 174 times ; health food advertising law 134 times.
Category : Medical Devices
Manufacturer ( applicant ) Name: Health Industry Co., Ltd. , Zhengzhou Kang Jinrui
Advertising labeled Name: Pite Bang Rare sprays
Product Name: Rare silver elimination sprays
Broadcast / publish or broadcast the total number of : 1
Area: Hebei Province
Related Links: Health Industry Co., Ltd. , Zhengzhou Kang Jinrui publish illegal equipment ad is informed
Use of firearms to protect public safety , Henan Food and Drug Administration and Evaluation Center of the National Bureau of Henan province, part of the media to monitor the release of illegal advertising of medical devices to verify and found 157 illegal serious medical device advertising.
Product Name : Gynecologic topical effervescent
Marked Manufacturer: Health Industry Co., Ltd. , Zhengzhou Kang Jinrui
Illegal reasons : assertions to that effect , guarantee ; using the patient's name and image for the product as proof.
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Jiangxi Rare Earth Resources strive countries tax reform in Ganzhou
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- Category: Rare Earth News
- Published on Monday, 20 January 2014 11:21
According to Southern Metropolis Daily News January 17 , this year, Jiangxi Province will promote resource -focused ad valorem tax levy geothermal water tax , for national launch in Ganzhou Rare Earth Resources tax reform .
Last year , the total tax revenue exceeded 100 billion mark for the first time in Jiangxi Province , to achieve a three- double. The total annual income of 115.74 billion yuan warehousing , income 18.52 billion yuan over the previous year , an increase of 19.1 %, of which local taxes completed 108.77 billion yuan , 17.27 billion yuan increase over the previous year , an increase of 18.9 %.
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Rare earth industry mergers and acquisitions change ideas
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- Category: Rare Earth News
- Published on Monday, 20 January 2014 11:13
Ministry of Industry recently held with the relevant departments in Beijing formation of large enterprise groups rare special meeting , and plan to further strengthen the rare earth industry, mergers and acquisitions, rectification work.
Meeting revealed that China has basically formed a Baotou Steel Group , China Minmetals , Chinalco , Guangdong earth, Ganzhou Rare Earth , Xiamen Tungsten six companies led industry development pattern. Next, the state should focus on supporting these six companies were led to further promote mergers and acquisitions , formation of large rare earth enterprise groups. General guiding principle is to give full play to the decisive role of the market in allocating resources , and business-oriented , diversified investment, market -oriented operation ; simultaneously play the role of good government , a combination of economic , technical, legal and necessary administrative means to eliminate institutional mechanisms barriers, both internal incentive for enterprises , but also the external regulatory policy system of accountability to promote mergers and acquisitions by the "Let Me restructuring" to "I want restructuring" changes.
Next meeting of the rare earth industry management proposed requirements: First, to further establish a sound legal system and regulatory system, revised and improved as soon as possible , " Rare Management Ordinance ( draft ) " , to fight as soon as possible ; Second, the depth rectification of the rare earth industry , the fight against illegal exploitation of rare earth production and circulation of work normalization ; Third, actively promote technological progress and industrial upgrading ; fourth is a large group of rare earth enterprises should play a leading role in the implementation of national policies to maintain market order , the development of industry and other high-end applications for the development of rare earth industry to make an important contribution.
Delegates also discussed " the formation of large rare earth enterprises Group guidelines ( draft)" were discussed.
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North Korea is China's rare earth reserves six times, or Chinese control support Kim Jong-un
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- Category: Rare Earth News
- Published on Monday, 20 January 2014 11:08
According to U.S. media quoted - one based in the British Virgin Islands company as saying the world's largest rare earth resources possible in North Korea. They have established a joint venture to develop these resources. Analysts said the findings , if substantiated , will change the political landscape of rare earth market and Northeast Asia. But first intention Pyongyang must reform. And one surprise in China could "control" these resources. The following are excerpts of the article .
A geological study showed that North Korea has about 216 million tons of rare earth , these minerals can be used in smart phones and high-definition TVs and other electronic products. Once confirmed , this would make the world's known reserves of rare earth more than doubling . It will be six times that of China 's rare earth reserves , it will become the market leader.
Private equity firms SRE Minerals Ltd. announced last December findings and signed a term of 25 years in the North Korean capital Pyongyang northwest of Dingzhou development contracts rare earth. This is known as the Pacific Century Rare Minerals Ltd. joint venture, is a state-owned natural resources with the Korean joint venture trading company .
East-West Center in Hawaii researcher Bruce Scott told VOA video interview that North Korea not only the amount of rare earth shake China's position in the market , but also to improve the DPRK and the two largest importer of mineral Korea and Japan relationship. Bruce said: " If North Korea can start this project , to develop their own industries , it is likely to encourage its integration with its neighbors , and is no longer a black hole in the center of Northeast Asia . "
It has been estimated that North Korea has mineral resources worth trillions of dollars , Dingzhou project will be the first development of these rare earths. However, many problems remain to be solved.
Companies doing business with North Korea in dealing with this mysterious power, will bear great risks. The country's dilapidated infrastructure , poor roads and unstable energy supply is the challenge of this complex and expensive rare earth mining industry faces.
Even if the company successfully dug earth, it still faces challenges from the U.S. and UN sanctions for North Korea . North Korea poor working conditions , including forced labor, may cause foreign companies being sued for human rights violations . Pacific Century, said his company is an ethical standard , with a variety of process control mining companies , to ensure that it adhere to international standards.
Leonid Petrov Research Institute of Asia and the Pacific, North Korea researcher at the Australian National University . He said Pyongyang did not intend to make the necessary reforms in order to achieve the maintenance of foreign investment in Korea international requirements . Petrov said: "The two conditions for the survival of the regime is to continually create a crisis , and to maintain isolation. These two conditions may be impaired . A similar situation occurred in the 10 -year period of the two Koreas began sunshine policy of trade and cooperation, had some exchanges. But soon , they realize it is too expensive for South Korea , and for North Korea is too dangerous. "
China occupies 90% of the world's rare earth market share, almost in a monopoly position. When the Japanese government accused the Chinese government because of political tensions when export restrictions of rare earth prices soaring . After that, rare earth prices fell more sustainable level, but the Chinese government 's approach led to other sources of rare earth exploration .
Petrov said Pyongyang would not risk further open the country's mining sector , and will continue to be sold to Chinese mineral , that domestic elites to earn foreign exchange .
Petrov said: " So, I believe that rare earth metals will continue to be controlled by the Chinese government , and China 's economic influence will continue to provide military and logistical aspects of the protection of North Korea. China 's soft power will not betray the regime , because China North Korea as a buffer state . Therefore, these new findings will support the existence of this mineral regime . "
The U.S. Geological Survey is responsible for the mineral resource data summary that does not have enough information to comment on the importance of this statement . SRE mining company admitted that on the rare earth estimates only , have not been proven conceptual . In April it plans to further obtain the sample through a joint venture to better assess the number of North Korean possible rare earth resources.
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Shanghai 2013 the annual rare earth export license issued by the situation
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- Category: Rare Earth News
- Published on Monday, 20 January 2014 11:06
January to December 2013 , Shanghai special office issuing export licenses totaling 1598 copies ( excluding returned certificate ) , an increase of 8.34% ; issuing amount of $ 338,367,600 , representing a decrease of 23.66% .
Look from issuing shares , Rush and Rush Products , light rare , heavy rare earth -containing magnesium oxide > 70% mixture of tungsten powder and its products in the top five , respectively, 376 , 288 , 253 copies, 138 copies, 91 copies, issuing shares representing 71.71% of the total.
From the number of the issuing of view, there are compared with the same period in 2012 growth in the number of the following goods: an increase of 3324.25% coke , an increase of 64.04% in the heavy rare earths , molybdenum chemical products grew by 47.9% , an increase of 30.04% light rare earths , an increase of 19.61% silver , licorice growth of 15.66% , rush and rush products grew 14.05 percent , an increase of 7.62% of glycyrrhizin -containing magnesium oxide > 70% mixture of growth of 6.84% ; has the following number of goods decreased compared with the same period in 2012 : Chung , partial tungstate ammonium decreased 28.51% , 35.87% molybdenum scrap fell , fell 36.43 percent of silicon carbide , sawn timber fell 36.45% , tungsten acid and its salts fell 44.44 percent , 45.91 percent decline in rice , tungsten powder and its products fell 53.07 percent trioxide tungsten and tungsten blue oxide fell 65.77% .
Look from the issuing amount , the amount of the top three products are issuing silver , light rare earths and heavy rare earths were $ 114,908,700 , $ 38,120,400 and $ 36,764,000 . Compared with the same period in 2012 , an increase of the amount of the top three product certification is coke, chemicals, lumber and molybdenum , respectively, an increase of 2886.12% , 163.51% and 48.75% ; issuing decline in the amount of three products is the biggest trioxide tungsten and tungsten blue oxide , tungsten acid and its salts and heavy rare earth , down 66.49% , 51.86% and 51.44% respectively .
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Rare was caught stealing dig reselling, claiming some money home for the holiday
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- Category: Rare Earth News
- Published on Monday, 20 January 2014 11:03
January 18 morning , near the Hefei Railway Station Square , the police feel a man acting suspiciously approached inventory and found the man on suspicion of stealing digging , reselling rare earths , is listed as online fugitives .
Man confessed that when they work in Jiangxi, under the instruction of others , engage in acts of stealing digging , this time to earn some money to go home New Year, I did not expect the train not long after they were arrested .
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Rare earth supply and demand slowing, gradually deserted market transactions
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- Category: Rare Earth News
- Published on Friday, 17 January 2014 15:09
RE market transactions gradually deserted , only a few stocking requirements. Currently almost no quotes or suppliers offer a smooth , slight ups and downs of individual product prices . A large area on the market cheap Paohuo phenomenon gradually reduced , businesses wait and see attitude based. Currently most of the downstream business has been discontinued , the workers leave, there is now shipping the industry's sales staff said there is no money, was about to go home happy New Year , has no intention to go on fighting the market , the stock market next week could further deserted.
Praseodymium neodymium products quotations omitted rose slightly , prices were flat with last year , this week cut more downstream NdFeB manufacturers continue to purchase the limited demand, and some of NdFeB scrap market sources, some manufacturers are now low profit or loss , prefer using waste instead of praseodymium neodymium metal production . This week there is a small amount of neodymium praseodymium oxide stocking needs , smooth or slightly slight increase prices.
Dysprosium, gadolinium products market , prices continue steady in recent days , before the low quote slightly raised some vendors offer. Still reflect a small number of traders to purchase cheap goods, but a few days because rarely end market demand , limited profit before shipment , after looking in the market has been warmer can bring good returns. With other individual traders to understand , because the price is already in the second half of dysprosium oxide lowest position , taking into account the rise in prices next year might be , stocking demand increased slightly.
Other products on the market this week, some of the europium , terbium, lutetium oxide manufacturers will ship too strong , offer not active . Some quotations from suppliers of europium oxide is still low , with Ganzhou region today , according to a supplier to understand the current price of europium oxide at 4000 yuan / kg. Yttria no upward momentum , prices remain low in 60,000 yuan / ton or less.
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Rare seek hegemony does not meet trillion tailings
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- Category: Rare Earth News
- Published on Friday, 17 January 2014 14:08
In the Ministry steadily when a large group of integrated companies are also involved as a circle more upstream resources infighting .
A week ago , the Ministry has issued a document on the State Department confirmed the previously approved " 1 +5 " pattern of rare earth market rumors integration solutions , and in the rare earth group controlled six new pattern of rare earth industry in China , Baotou Steel Group places "lead " role established in northern China rare Earth Group .
" Baotou Steel Rare Earth Group is a group of integration of the main north , but about 70 percent of Baotou Steel Group 's core assets are concentrated in Baotou Steel shares , therefore , the right to speak Baotou Steel shares in the group can imagine , it is to lead the integration of rare earth resources, Baotou Steel Group will certainly priority. " said in an understanding of the Inner Mongolia Baotou Steel Rare Earth business executives to receive shares of 21st Century Business Herald reporters.
The news has not been officially confirmed aspects of Baotou Steel shares , but Baotou Steel shares to accept a senior executive of the 21st Century Business Herald reporter interviewed said that the transition to a resource-based enterprises is established Baotou Steel shares previously determined direction , the future Baotou fluorite , niobium and sulfide processing group after with industrial-type production conditions are also expected to inject Baotou Steel shares .
Firmly grasp the rare earth " monopoly " control
Because of China's rare earth reserves scarcity , after regulators continue to promote consolidation initiatives , how to seize more upstream resources has become a key goal of several large companies competing attack .
For Baotou Steel shares , in the steel industry when severe overcapacity , leveraging the rare earth industry seems to be a springboard to promote the transformation of its current desperate important bargaining chip .
December 30, 2013 evening, Baotou Steel shares announcement , to be non-public offering is not more than 29.8 billion financing to Baotou Steel Group acquired the mineral related assets , Bayan Obo iron utilization projects selected related assets, as well as tailings assets add liquidity .
It is worth noting that, after the completion of the acquisition , Baotou Steel shares will further understand and Bayan Obo mine tailings proprietor of assets owned Baogang Group in mastering the Bayan Obo mine resources on the basis of the West , which also means , Steel shares also winning the absolute control of the Bayan Obo rare earth materials area .
In fact, up to nearly 30 billion of the assets into the Baotou Steel shares in 2013 is the second major asset transactions . January 2013 , Baotou Steel shares to raise funds to buy assets by way of non-public offering , completed Baotou Steel Group subsidiary Barun Mining and Western Mine acquisition of mining rights .
" polymetallic Bayan Obo iron ore is mainly associated minerals , rare earth , niobium, scandium ore reserves West is also very rich, Baotou Steel shares bought in the future want to prove non-ferrous metal industry to develop these two assets from the hands of the parent company . " Inner Mongolia Baotou National Rare Earth Hi-tech Zone Lord任任福told 21st Century Business Herald reporter .
21st Century Business Herald reporter grasp of a global rare earth materials distribution data show that the Bayan Obo mine rare earth reserves accounted for over 50 % share, up more than 90 % of China's domestic reserves, conservatively estimated reserves of 50 million tons or more. And after winning the assets of the mine , Baotou Steel shares are thus transformed into the world's largest rare earth resource companies.
Baotou Steel shares while trying to gradually improve in the mining , mineral processing, iron and steel smelting and other industrial chain step, all the Baotou Steel Rare Earth Resources Group, which has been in the bag one by one . A 21st Century Business Herald reporter data obtained show that the proportion of mining resources occupied Baotou Steel shares net assets reached 69.01%,
"Integration of rare earth resources, Baotou Steel shares will have action, its purpose is to firmly control the upstream resources , according to current trends, the group formed after the completion of the six , domestic light rare earth export controls , planned production are expected to be further liberalized, Baotou Steel shares at that time dominance of the rare earth industry will become increasingly apparent. " The investment bank said.
Tailings worth?
Baotou Steel shares in the asset injection , is located approximately 4 km southwest of Baotou concentrator tailings is undoubtedly the focus of the outside world and investors are most concerned about.
Back in early 2012 , when market rumors Steel Group intends to inject the tailings Baotou Steel shares , and the brightest of Baotou Steel shares of capital stock also immediately set off a stir boom time, the Baotou Steel Group subsidiary Baotou rare Earth Research Institute even claimed that the potential value of the tailings up to about 80 trillion.
But for this valuation , industry insiders said that too , did not take into account the development costs , as well as fluctuations in the price of rare earth itself .
Announcements from Baotou Steel shares previously released showed that after nearly 50 years of accumulation , there are still a large number of the iron tailings resources , and the remaining rare earth, niobium, scandium , titanium, iron ore and other resources and symbiosis with all the mud tailings stockpiled in the tailings , enriched by mineral content of the tailings resources are improved .
According to the fifth Inner Mongolia Academy of Geology and Mineral Exploration and Development in December 2013 "compiled by Inner Mongolia Baotou Steel Bayan Obo iron ore beneficiation tailings reserves verification report ," As of November 30, 2013 , the end of the tailings ore reserves of 197,124,900 tons , reserves of the type of economic base for the control of reserves (122b), rare earth oxides (REO) grade of 7.00% , ore enrichment relatively high .
But for the potential value of the tailings , the parties , including agencies, including Baotou Steel Group are also different opinions . Baotou Steel shares to executives above the 21st Century Business Herald reporter stressed , is a fact of great value tailings resource reserves, but the exact amount is reflected in the valuation of the need to weigh a variety of reasons , including market conditions and so on.
"But objectively speaking to more than 200 million won this asset is significantly lower than the actual value . "
In addition , insiders also told 21st Century Business Herald reporter revealed Earlier, Baotou Steel shares of Japanese companies to raise the requirements for tailings acquisition , the acquisition of the amount of up to 100 billion yuan , " Japanese companies looked Baotou Steel shares What work do not do recycling , untouched bought it at this price . "
For this acquisition will, another insider also told 21st Century Business Herald reporter confirmed that 100 billion attempt to buy expensive tailings Japanese companies Mitsubishi Group , "as a strategic reserve of resources , the government will not allow the transfer , and the value of this tailings far more than this figure. "
Baotou Steel shares inside information on a 21st Century Business Herald reporter obtained is displayed : according to the current industry -month low, lanthanum oxide , cerium 27,000 -2.8 tons prices , the lowest value of over 300 billion , praseodymium , neodymium oxide concentrate market price 300,000 yuan / ton, the value of the tailings was 4 trillion yuan , according to the Bayan Obo ore than lanthanum , praseodymium , neodymium , cerium 1:3 ratio of the weighted average value also exceeded 1.5 trillion .
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