The rare earth industry mergers and acquisitions program was launched on January 22nd

Chinatungsten Online January 23 news, promoting by the Ministry of Industry, Development and Reform Commission, and other State ministries, the nine industry mergers and acquisitions was held yesterday (22 start of day). 

The nine major industries, including iron and steel, cement, automobile, machinery manufacturing, electronic information, shipbuilding, rare earth, electrolytic aluminum and agriculture. According to statistics, the nine industries involving a total of 900 listed companies, accounting for half of the current A-share listed companies, with a total market capitalization of more than 4 trillion Yuan.

In the case of this year's overall economic slowdown, the nine industries including rare earth industry are needed to transfer into effectiveness and quality. Now the enterprises from of rare earth industry insist that the enterprises are the mainstay, and adhere to market-oriented operation. State-owned rare earth industry hope to achieve the degree of concentration by mergers restructuring, and also to consolidate the basic system of socialism, enhance configuration elements of fair competition. The state-owned rare earth industry can advance and retreat in this process; the public sector of rare earth industry can implement the strategic restructuring; the non-public rare earth industry could create a good atmosphere to participate the competition. 

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