Ministry deployed to strengthen the rare earth industry mergers and acquisitions rectification work

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 six companies led the 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 rephrase ' to 'I want Restructuring ' change.

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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Changshu rare earth phosphor export volume and price increases

According to statistics CIQ Changshu , Changshu region's exports in 2013 were 25.1 tons of rare earth phosphors , an increase of 1.5 times ; value of $ 14,905,000 , an increase of 6.6 times .

Changshu rare earth phosphor export growth was mainly for the following reasons : First, the international market gradually opens, marketable sales Kyo ; Second, the production of rare earth phosphors Changshu reliable quality , and ever-increasing recognition in the international market . In addition, in 2013 the growth rate of exports of rare earth phosphor is much higher than the growth rate of exports is due to a substantial increase in the proportion of annual exports of high prices .


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MIIT behind integration of rare earth giant

The market has been concerned about the large rare earth group finally made ​​new progress , the reporter learned from the Ministry of Industry , the Department recently held a special rare earth companies will set up a large group , and plan to further strengthen the rare earth industry mergers and acquisitions and rectification .

Due to the impact of the spot market price correction , rare earth stocks may enjoy the short-term dividend policy , systematic opportunities need to wait to pick up rare earth prices effectively .

Reporters from the website of the Ministry informed that on January 8 , the Ministry convened departments held a formation of large rare earth enterprises Group special meeting in Beijing to convey the State Department study reinforces the spirit of the rare earth industry, the management of a special meeting , and plan to further strengthen the rare earth industry, mergers and acquisitions, rectification and so on. The most concern is that the meeting is not only " the formation of large rare earth enterprises Group guidelines ( draft)" were discussed, but also to express its support to include Guangdong , including six rare earth enterprises set up large rare earth group .

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January 17, 2014 Market Price of Rare Earth

Rare continuing weakness in the market today run smoothly . Spring Festival approaching , so vendors selling not positive. Oversupply situation continued , adequate cash, low-cost procurement is not difficult to achieve .

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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January 17, 2014 Price of rare earth products

January 17, 2014 Price of rare earth products

Name Specifications Origin / Mark Reference Price Average Change
Rare earth carbonate REO 42.0-45.0% Domestic 24000-25000 yuan / ton 24500 0
Lanthanum oxide La2O3/TREO 99.5-99.9% Domestic 22000-23000 yuan / ton 22500 0
Cerium oxide CeO2/TREO 99.5-99.9% Domestic 23000-25000 yuan / ton 23000 0
Praseodymium oxide Pr6O11/TREO 99.0-99.9% Domestic 560000-580000 yuan / ton 560000 0
Neodymium oxide Nd2O3/TREO 99.0-99.9% Domestic 305000-315000 yuan / ton 305000 0
Samarium oxide Sm2O3/TREO 99.5-99.9% Domestic 18000-19000 yuan / ton 18000 0
Europium oxide Eu2O3/TREO 99.95-99.99% Domestic 4300-4500 yuan / kg 4350 0
Gadolinium oxide Gd2O3/TREO 99.5-99.9% Domestic 152000-158000 yuan / ton 154000 0
Terbium oxide Tb4O7/TREO 99.95-99.99% Domestic 3300-3400 yuan / kg 3250 0
Dysprosium oxide Dy2O3/TREO 99.5-99.9% Domestic 1650-1750 yuan / kg 1700 0
Erbium oxide Er2O3/TREO 99.5-99.9% Domestic 330000-350000 yuan / ton 330000 0
Yttria Y2O3/TREO 99.995-99.999% Domestic 55000-60000 yuan / ton 57500 0
Praseodymium , neodymium oxide (Nd2O3 + Pr6O11) / TREO ≥ 75.0% Domestic 305000-315000 yuan / ton 310000 0
Metal lanthanum La / TREM ≥ 99.0% Domestic 53000-55000 yuan / ton 53000 0
Metal cerium Ce / TREM ≥ 99.0% Domestic 58000-62000 yuan / ton 60000 0
Metal Pr Pr / TREM 96.0-99.0% Domestic 800000-820000 yuan / ton 810000 0
Neodymium Nd / TREM 99.0-99.9% Domestic 395000-405000 yuan / ton 400000 0
Metal terbium Tb / TREM ≥ 99.9% Domestic 4800-4900 yuan / kg 4850 0
Dysprosium Dy / TREM ≥ 99% Domestic 2400-2600 yuan / kg 2500 0
Metal yttrium Y / TREM 99.9-99.95% Domestic 270-290 yuan / kg 280 0
Lanthanum cerium metal Ce / TREM ≥ 65.0% TREM ≥ 98.5% Domestic 42000-44000 yuan / ton 43000 0
Praseodymium neodymium metal Pr / TREM 20-25% Nd / TREM 75-80% TREM ≥ 98.5% Domestic 390000-400000 yuan / ton 382500 0
Praseodymium , neodymium and dysprosium metal TREM ≥ 99.0% Domestic 405000-415000 yuan / ton 410000 0
Battery grade mixed rare earth TREM ≥ 99.0% Nd / TREM ≥ 15% Domestic 135000-145000 yuan / ton 140000 0
Dy alloy Dy80% Domestic 1700000-1800000 yuan / ton 1750000 0



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Overcapacity plagued China NdFeB rare earth industry

2013 China NdFeB running capacity increase of 10% , reaching 330,000 tons or more, and demand is expected at 8.5 million tons , overcapacity has become hinder NdFeB enterprises move a mountain . Expert interpretation , overcapacity is not formed overnight , multi-pronged approach needed to defuse the crisis .

According to authoritative data show that from 2000 to 2013 , Chinese production capacity from 08,000 tons NdFeB rough expanded to 335,000 tons , in 2013 the production capacity is 2,000 with an annual capacity of 41.9 times . Currently rough NdFeB production is mainly concentrated in the eastern region , accounting for 61 percent of the country, followed by the north, about 26 %.

As we all know , is divided into NdFeB sintered NdFeB and bonded NdFeB , because of the use of different techniques, magnetic there a huge difference , and its applications are also different. Among them, the application field of sintered NdFeB most widely used, and therefore , capacity is also much larger than the proportion of sintered NdFeB Bonded NdFeB ratio of approximately 97:3 , sintered NdFeB overcapacity has become the hardest hit .

Lack of demand downstream industry chain , resulting in the accumulation of NdFeB production capacity , coupled with the lack of understanding of the enterprise market for neodymium , for the pursuit of the interests of blind expansion , and the lack of effective regulatory mechanisms that lead to the emergence of extreme current NdFeB industry overcapacity situation.

To tide over the crisis of overcapacity , companies make out all the stops to fight the crisis and a ride through the tough , waiting for their planes . For this reason , industry experts put forward some suggestions for reference ;

First, the upper and lower chain with NdFeB enterprises to maintain cooperation and reduce investment risk. Companies do the eggs in one basket , decentralized place , can reduce investment risk. Such as different levels of cooperation and its upstream or equity金力永magnetic , sea Magnets , Ningbo Yunsheng so downstream joint venture , both to ensure a smooth supply of resources , but also for product orders.

Second, the purchase of high-end equipment , and enhance competitiveness. NdFeB industry output in excess , mostly low-end products , so only improve the quality of the finished product shipped , in order not to be eliminated. For example, in the field of NdFeB product testing , more and more enterprises currently selected instrument developed by the Beijing State NdFeB collar "Detecting Robot" , strict control on product quality , improving the quality of manufactured . Such devices can replace manual labor, and therefore can reduce the cost of risks. In addition, corporate purchasing such equipment , but also enhance the sense of trust Party , has won orders to raise the stakes .

Third, actively explore the market , should be placed. Some companies simply think NdFeB are scarce resources , overcapacity, weak demand and so on , are just temporary phenomenon , so long will the product hoarding up, waiting for the industry boom again when sold. This is also the way most businesses , but not for all companies to apply. Therefore, only to find channels , and actively explore the market, is the right solution.

According to statistics, currently there are 22 companies intend to build capacity planning , total annual output of 69,800 tons , if fully completed by the end of 2014 , an increase of late Chinese NdFeB production capacity will reach 21.2% , when the market situation will be more severe. As competition intensifies , companies should take more active measures to cope with the ever-changing NdFeB market .


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RE integration into the deep water north and south companies face different game pattern

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 . Recently, Rising colored announcement that the non- public offering of 1380.07 million shares, 500 million yuan to raise funds to acquire a number of options proposed . The non-public offering to acquire equity issue, the industry has been interpreted as the Southern Rare Earth integration further ahead.

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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Jiangxi Rare Earth Resource tax reform is expected to pilot in Ganzhou

January 16 , from Jiangxi rent work conference that this year, the 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 our 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 Lecture Topic - System Operation Set

 

Rare lecture topic - System operation set.




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Rare Lecture Topic - System Operation, Part One

Rare lecture topic - System Operation, Part One.




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