Remediation storms rare earth stocks soaring

MIIT many ministries to jointly conduct nationwide Rare remediation work, the current regulation scheme has entered the stage of the ministries countersigned. Remediation storms cause rare earth stocks rose yesterday.

It is understood that this regulation is still rare to combat the "black" rare earth-based, but the "anti" scope and intensity will be more than in past years. Two markets, the concept of rare earth related stocks pulled up sharply in early trading yesterday, Minmetals Rare Earth, Sheng and resources sealed daily limit, Baotou Steel Rare Earth rose 8.09 percent, up 4.99 percent Xiamen Tungsten, the color of shares rose 4.85 percent.

Public information display, as early as May of this year, the Ministry had proposed a "new round of rare earths to rectify." After this, the first Ganzhou rare earth industry consolidation began work to develop a "Ganzhou Rare Earth Mining order rectification and supervision special action program." In addition, rare earth prices continued to rise over the past month, but also to related companies formed a positive stimulus.

GF Securities released report shows that government policies to combat illegal mining of rare earth strengthening of private, is caused by the recent pick up rare earth prices bottomed major predisposing factor, if the core of the future continue to focus on rare-earth policy against illegal rare earth and the formation of a large group, then the industry fundamentals expected situation improves, rare earth prices will rise so full recovery, corporate earnings will bottom out.


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