To be more storms hitting the earth to the sun

Eight ministries earth "hitting" action finally sounded the horn. This three-month nationwide special rectification action against rare earth industry and efforts are beyond the scope of previous "anti" operations, the industry directly to the "storm" to describe this action rapidly. The reporter believes that the rare earth industry regulation, require storm, need more sunlight.

In recent years, private dug earth Luancai repeated, not only causing serious environmental pollution, but also serious pressure on the informal enterprises living space. Since no environmental costs of illegal miners, ultra low sales a tremendous impact on the market. 2011 and 2012, respectively, rare earth prescriptive mining project was 9.38 million tons and 90,000 tons, but industry estimates, private mine annual production of about 200,000 tons. This leads to rare earth prices fell sharply, some of the rare earth industry, listed companies net profit decline in a row.

Throughout the remediation program, this special action not only checks the relevant indicators of the implementation of the local government, but also on production, sales, distribution inventory situation; only against illegal mining of rare earth behavior, illegal recycling waste products of rare earth enterprises are also included in the striking range . The chain of black interests is the focus of the fight, or even to investigate and deal with a number of typical.

Rare "hitting" was originally designed to regulate the market, however, has not yet begun to fight the tiger, cattle and sheep, but has been hurt. Campaign before the market there has been rumors that some companies stockpile reluctant sellers, rare earth prices soaring all the way since early June, prices of some rare earth metal oxides seven or eight percent within one month.

Rare earth prices spike, visible hand dozen lines. In recent years, the Chinese government will enhance the national strategy of rare earth resources, the implementation of mandatory production plans, but the rare earth enterprises assigned to the production plan targets small, relatively strong demand in the downstream of the case, a certain supply and demand gap. Lured by the huge profits, private rare earth ore repeated, forming a grasp on the prices go, and then relapse into illegal mining of chaos, lower prices of the cycle.

Reporters that the government should change the industry to rely on temporary measures crackdown campaign, introduced the industry standard management approach, the industry regulator together were pushing long-term mechanism to form a standard market order, in particular, should abandon the planned limited production means, so market supply and demand determine the price and yield.

Important to establish similar London Metal Exchange, the New York Mercantile Exchange this earth exchange, so a fair, just and open sun to decide the national strategy of rare earth resources in the price and yield. In this process, the government simply set up barriers to entry and to develop industry standards; strengthen law enforcement and severely punish illegal mining of rare earth resources; promote industry mergers and acquisitions, foster a number with a leading role in the industry, such as Rio Tinto, BHP Billiton Like the international influence of large mining enterprises. These companies rely on their own operational efficiency and consciously regulate rare earth production, rather than performing an index yields, then quoted prices better reflect the effective demand. Thus, rare earth pricing still lies in those hands of domestic enterprises, but also conducive to quell international disputes.


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