Special campaign of unprecedented short-term rare earth prices will get strong support

By the slow recovery of rare earth downstream demand and the supply side is still chaos and other factors, the first half of 2013 show oscillations domestic rare earth prices overall downtrend. Statistics show that in 2013 the first half of Baotou metal praseodymium neodymium (99%) the market price of 379,300 yuan / ton, compared with the same period in 2012 of 543,500 yuan / ton dropped 30.22%. Dragged down, Baotou Steel Rare Earth (30.10,0.500,1.69%) International Trade Co., Ltd. in 2013 1.531 billion yuan in the first half of large losses, but by the fourth quarter of 2012 the state launched a second rare earth Shouchu in 2013 two quarters of centralized settlement support, the company first half of 2013 attributable to shareholders of listed companies net profit fell by only 33.03%, significantly better than expected.

Following remediation Ganzhou Rare Earth private mining, the Ministry and other ministries jointly issued eight decisions on the rare earth mining, production, circulation of illegal acts against a three-month special action. This action not only eight ministries, regulation extended to the whole country, but also from the illegal exploitation of the range investigated illegal mining, smelting mineral source separation is legitimate enterprises, expanding trade enterprises to the legality of the source of rare earth products, and carry out clean-up of waste products of rare earth recycling and comprehensive utilization of enterprises. We believe that the special rectification actions to carry out in the short term will result in a significant decline in the market supply of rare earth, rare earth prices will form some support. In addition, the fifth Baotou Rare Earth Industry Forum, several reports have mentioned rare earth element management points, the proposed implementation plan Shouchu smooth price fluctuations, we believe that there is a strong future purchasing and storage expectations, but "there is not the severity of . "


By Ganzhou downstream remediation private mining and industry needs to pick up some areas and other factors to promote the domestic market price of rare earth in late June 2013 bottoming out. Data show that as of August 9, 2013, Baotou metal praseodymium neodymium (99%) have been the end of June the price of 325,000 yuan / ton rose to 445,000 yuan / ton, the cumulative rate reached 37.98 percent rebound, dysprosium oxide and dysprosium iron and other heavy rare earth product prices rebound rate is close to 100%. As our previous analysis, by purchasing and storage of special rectification and other positive factors are expected to support the second half of 2013, the domestic market price of rare earth there are still some upside. Helped make the company the second half of 2013 smelting, separation and trading business profitability will be improved to some extent.


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