Baotou Steel Rare Earth Strategic Reserve during the first half minus 1/3 of the future will continue to reserve

August 29 hearing, the Baotou Rare Earth Rare Earth Strategic Reserve first half of 2013 decreased 31.69%, while the general manager Zhang Baotou Rare Earth revealed in an internal meeting and will continue to do lanthanum, cerium and other elements of surplus reserves.

Baotou Steel Rare Earth 2013 semi-annual report, the strategic reserve (rare earth compounds) Ending balance Beginning balance decreased over 465 million yuan, a decrease of 31.69%, due to the decrease of rare earth strategic reserves.

Zhang held in August 23 report the situation and tasks within the company said at the meeting that the company tailings end of this year to achieve zero emissions, oxidized ore up to the mountain and the "three concentration" Speeding up the transformation project to completely solve environmental problems; do lanthanum, cerium and other elements of surplus reserves; steadily promote regional integration upstream earth; focusing on the development of rare earth functional materials.

Zhang on August 9, 2012, at the "Fourth China Baotou Rare Earth Industry (International) Forum", said rare earth reserves will increase their short-term costs, but rare earth prices have offset these costs and derive benefits .

Since November 2012, Minmetals Group, Baotou Steel Rare Earth, the color of shares have been listed on purchasing and storage of rare earths. Since July 2013, the purchasing and storage of rare earth on State rumors malpractice.


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