Eight ministries rare heavy regulation is expected to solve overcapacity

Department of Homeland website revealed on the 7th , "Combating illegal behavior rare special action " inspection team led by the Ministry of Public Security, the Ministry of Land , State Administration of Taxation jointly composed of eight departments , rare earth enterprises in Guangdong Province recently conducted spot checks .

Eight ministries jointly issued a document "Combating rare earth mining , production and circulation of illegal conduct special action program ." The source said , eight departments Rare Joint Inspection Unit of the Southern inspections is to implement action programs .

Because of widespread indiscriminate digging of private Rare , rare earth our government repeatedly to start combating the illegal action. China Rare Earth Association Deputy Secretary-General Wang iron think , compared to eight ministries of the Joint Inspection action this time is very different , mainly grabbed from the source , the whole event has a clue , a purpose .

The so-called tax invoice clue is rare . According to the inspection team leader Shi Yaoqiang introduced in the past to combat illegal behavior of rare earth passively rely on clues , and now the tax system to provide more information and support for the initiative to investigate rare illegal precise lines .

Since June 2012 the national tax system to enable RE VAT invoices , the national tax system into rare earth enterprises have more than 1600 households, of which the separation of rare earth smelting enterprises more than 400 households , trade and business enterprises more than 1,100 households.

Since October 2011 , rare earth prices continued to fall . In June, a strong blow in the south under the law of rare earth production capacity of news, rare earth started a wave of rebound, rebound the end of September .

Since the fourth quarter , rare good news for more regulation , why did not take advantage of the rare earth prices rise ? Analysts believe that 2011 rare earth prices skyrocketing negative impact on the downstream are still suppressed , weak demand weighed on prices rebounded .

Market research shows that in addition to the higher number of rare earth magnetics manufacturers operating rate , the small businesses operating at only three percent . As in previous years , it is currently being re-stocking period, but it is understood that this year fewer companies Dongchu stocking . Relevant sources, promote downstream applications of rare earth policy is also in the pipeline. But demand recovery will be a slow process.


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