Dismal performance rare earth industry conceal positive constant

Continue for many years has been slow progress in rare earth industry consolidation , the recent breakthrough could usher . September 11 , Su Bo, vice minister of the Ministry of Industry in Dalian Summer Davos Forum, told the media that the formation of a large group of rare earth industry will be there before the end of the results.

However, due to overcapacity and weak demand , rare performance of enterprises is still not optimistic . Wind statistics show , rare earth permanent magnet plate 32 listed companies in the first half of this year, the total profit of 2.556 billion yuan , with 2012 profit of 4.846 billion yuan over the same period dropped 47 percent compared ; while adding to the inventory of excess capacity slow , leading listed company receivables rose three percent.

Insiders said that the recent rare earth industry consolidation may be just a signal , is the country 's rare earth industry consolidation prelude to subsequent integration of a large group of rare earth theme or played . With the deepening of industry consolidation , coupled with a large group of rare earth and rare earth Shouchu formed near future rare earth industry will constantly positive .


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