MIIT further support rare earth prices

Rare sudden force yesterday afternoon, the color of shares, Baotou Steel Rare Earth, etc. have gained. It is said that the Ministry intends to expand nationwide Rare remediation work, and efforts to advance. Some market analysts believe that this will further support the rare-earth prices, the secondary market to send positive.

Transfer program to ministries sign stage

Yesterday, there was news that the Ministry intends to carry out the national ministries and commissions jointly earth remediation work, the current regulation scheme has entered the stage countersigned by the various ministries.

Comparison, in recent years, the Ministry, local government and other related departments to carry out too many times for the rare earth industry special rectification activities, of which only 2012 will destroy earth illegal mining point 14, close beneficiation, smelting separation of enterprise 20 and dismantle production facilities , off cut capacity of about 30,000 tons.

It is reported that the Ministry of Industry Deputy Minister Su Bo in April to attend the first session of China Rare Earth Industry Association member-cum-director general has made it clear that this year the State Council, relevant departments will take more stringent measures to combat the illicit production of rare earths, black market transactions.

Some analysts said the move will give the recovery of rare earth prices have been re-injected vitality, thus boosting the rare earth stocks counterattack. "In the current round of price increases because of rare earth products, in addition to improved market demand and production decline and other factors, regulators of rare earth market regulation makes a lot of illegal products from the market, reducing the overall market supply." An analysis of non-ferrous metals broker division, said.


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