Results of the general decline of rare earth industry regulation is still difficult

It is understood that by the influence of rare earth products prices have fallen sharply , involving rare earth magnetics general decline in the first half performance of listed companies . The main reason is the industry's overcapacity , weak market demand .

Last weekend , rare earth permanent magnet plate 32 listed companies disclose all mid-year report . Statistics show that 32 listed companies in the first half of the total profit 2.953 billion yuan , 4.328 billion yuan in 2012 compared to earnings , down 46.56% . In addition, 32 rare earth sector listed companies, 5 losses , 27 remain profitable , but the general decline in earnings . According to wind statistics, 32 first-half revenues of 123.55 billion yuan , an increase of only 1.4% ; net profit of 2.953 billion yuan , down 46.56% .

Industry insiders said the decline in performance is mainly due to industry overcapacity , weak market demand . Prices continued to fall during the first half of rare earth products , industry capacity utilization is less than 40 %, plus industry status confusion, secretly mining the phenomenon spread, so that the whole industry profits slump. In addition, the downstream aluminum and iron boron rare earth usage and limited growth in exports , caused by rare earth enterprises reduced orders , performance decline increased.

It is understood that by the influence of rare earth products prices have fallen sharply , involving rare earth magnetics general decline in the first half performance of listed companies . The main reason is the industry's overcapacity , weak market demand .

Long-term rare earth industry in disarray , illegal mining, illegal production , illegal trade in serious condition, August 7 this year , the Ministry of eight ministries jointly launched a three-month special rectification action rare earth industry . Because of this large remediation efforts , it is expected there will be a considerable number of the next illegal mining and sales of the " black" business was shut down , so the market supply reduction, rare earth prices will rebound in corporate profits will expand the surface ; but the long term , the establishment of large enterprise groups , industry restructuring and integration difficult to achieve still greater.


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