Rare earth prices association experts pessimistic outlook

Contrast with the overall downturn in non-ferrous metals is expected to influence the purchasing and storage , rare earth prices last week ushered hikes . Light and heavy rare earth oxide composite price last week, were up 3.18% and 4.18% , of which praseodymium neodymium ( 4.55% ) , dysprosium ( 4.00% ) , terbium ( 4.00% ) , europium ( 10.11% ) and other major varieties of price hikes . But rare earth prices Association Expert Quedui pessimistic outlook .

At the end of last month , the U.S. , Japan, Europe, China's rare earth export control litigation, WTO Disputes Settlement Subcommittee has made ​​the preliminary ruling , found China 's rare earth export restrictions , export taxes and other practices violated the pledge. So far, China or is about to face for the rare earth export quotas for WTO losing predicament. The rare association believes that if the abolition of quotas and tariffs , China rare earth prices will plummet , topple other countries may again rare earth production line.

Rare earth has experienced more than two years in the context of the Depression , and then face the WTO defeat will exacerbate the situation? Xiamen University, China Energy Economic Research Center , said Lin Boqiang , WTO losing even arrived , it would not cause much impact on China's rare earth industry , particularly strategic resources in their own hands , is not wrong ; the other hand, status quo, for their own protection and so on, not short-term quota system should be abolished . Some large state-owned enterprises generally rare , said , WTO against the large state-owned enterprises will not cause too rare serious impact .

The WTO may face losing situation , rare earth enterprises restructuring and consolidation or the best response. Industry level, the Baotou Rare Earth , Xiamen Tungsten and other 12 rare earth production and circulation enterprises established Baotou Rare Earth Products Exchange has been in full swing forward, is expected to launch later this month , the introduction of rare earth exchange to stabilize prices of rare earth significant. In addition, the southern provinces are also engaged in the integration of rare earth enterprises , relying Guangdong Rising Assets Management Co., Ltd. of Guangdong Province as the main rare earth industry group was set up last year , and strive to become the national focus on the development of the three rare earth enterprise groups.

Individual enterprise perspective, the recent rare corporate restructuring afoot . Ganzhou Rare Earth will backdoor Weihua shares of a listed company as a rare earth industry development and capital market financing platform to further integrate Ganzhou area of rare earth downstream smelting and separation operations , and gradually developed into a mining and dressing , smelting separation and processing as one of the large rare earth industry group of companies. In addition, major shareholders Minmetals Rare honor a commitment, intends to related parties of rare earth assets into the listed company .

Then from the big national policy point of view, are derived from recent restructuring and integration of rare earth in 2011 the State Council issued " on the promotion of sustained and healthy development of rare earth industry, a number of opinions" , comments clearly support large enterprises with capital as a link, through alliances, mergers , restructuring , etc., vigorously promote the integration of resources , significantly reducing rare earth mining and smelting separation number of enterprises, improve industrial concentration , the basic formation of large-scale enterprises as the leading industry pattern .

It is worth mentioning that, from the national strategic planning and development as well as the integration of the situation to see rare , many private companies are gradually being rare state-owned enterprises mergers and consolidation. This is just the Third Plenary Session communique disclosed eighteen again, public sector market economic system in China is also consistent irreplaceable . Rare corporate reorganization and integration is the trend , is ready to fly .


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