Mandatory plan is completed, is expected to further clarify the purchasing and storage

December 5 in the evening , "Gan County Red Gold " and " set South China ," the two companies said the separation of rare earth were completed in 2013 the annual RE mandatory plan , so arrange these enterprises have ceased production , according to the Ministry of Industry and 14-year mandatory production of rare earth market conditions and arrangements for follow-up plan to resume production . 2013 January to September , revenue 360 million yuan , to the same period of heavy rare earth oxides price 330,000 / tonne basis , the sales volume of approximately 1,100 tons ; while the 13-year quota of 3,570 tons of rare earth smelting , including 700 tons for the next temporary increase in half tone . Therefore, we believe that in the case of a weak recovery in demand , through national purchasing and storage of rare earth products to complete the sale of the 13-year mandatory plan is expected to be further defined.

Sharp appreciation of the 1.5 billion of stock , is expected to benefit from the rare earth Shouchu

Heavy rare earth prices since the end of June the Ministry has been gained over 4 percent , and the latter affected by smuggling of rare earth elements , rare large group integration and national purchasing and storage , and we believe that the heavy rare earth prices rise in the future is still a large space , 3 quarter end with rare earth inventory of about 15 million, which includes a large part of the stock appreciation. Is a heavy rare earth enterprises, purchasing and storage is included in the national list of rare earth is a high probability event , we believe that is expected to benefit from the rare earth reserve, will deliver low-cost inventory .

Thickening of the proposed cash acquisition results of rare earth mine can inject

Minmetals recently proposed cash offer Kin Fung . After the completion of the transaction , will have 4,570 tons of rare earth smelting quota / year, accounting for 68% of the total quota of rare earth smelting Minmetals Group , we expect this acquisition will thicken more than 20% of earnings . In addition, Minmetals Group also has three rare earth mining warrants , get the heavy rare earth mining quota of about 2,200 tons. In the current context of the integration of rare earth resources , we believe that there is a strong injection of some rare earth mining assets are expected in the future.


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