List of rare earth large group formation process is still difficult to integrate emerging

According to reports, the formation of a large group of rare earth program led by the Ministry of recently enacted by the State Council approved the program will be finalized rare large group " 1 +5 " pattern , including the reporter to verify the message from the rare corporate executives at a major , but it said there has not been officially approved MIIT . Some analysts said that although the list of rare earth group formation have been identified, but the integration process is still very difficult.

Industry to accelerate the integration

In recent years , China 's rare earth resources integration urgency increasingly apparent.

May 2011 , the State Council issued the " Opinions on Promoting the sustainable and healthy development of rare earth industry ," and proposed the formation of large-scale enterprises basically dominated the pattern of rare earth industry , industrial conglomerates Southern ionic concentration of rare earth industry 's top three 80 % or more, ie "1 +3" pattern. Since then, the country 's rare earth resources to accelerate the pace of integration , Baotou Steel Rare Earth "dominate " the North . On the south , the Minmetals has rare earth mine in Hunan ; integration of rare earth resources in Chalco Guangxi ; Rising colored body integration is rare in Guangdong Province , and entered the Yunnan ; Ganzhou , Jiangxi Rare Earth Rare Earth Group is an integrated platform ; Fujian Xiamen Tungsten formed the core of the rare earth group ; JCC enters Sichuan RE fields.

In the context of the integration of the provinces have formed the subject , the Ministry finally come up with a " 1 +5 " proposal Rare large group . According to reports, after the integration of a large group of rare earth , rare earth industry, the next series of policies , including production quotas, mandatory plan , the new mining permits , etc., generally large group of rare earth will tilt . Upstream resources and production targets which means that the domestic rare earth ore and smelting separation , will be further concentrated to a large group of rare earth industry will usher in a new round of reshuffle .

Among them, the upstream resources of rare earth most attention. Although the country has formed a respective integrated body , but the country still has a lot of resources to be integrated , and there are new opportunities for rare earth resources . China has a long time is not a new batch of rare earth mining permits , some of the old mining permits rare earth resources have been exhausted , some companies may hold the future of the old certificate is eliminated.

In addition to policy support in the integration and development of good , the rare large group into six large areas of rare earth group , but also the integration of the region to assume the rare earth enterprises optimize resources and tasks, including the integration of the region are more scattered smelting separation enterprises , but also in accordance with the requirements of the industrial policy to reduce production capacity and environmental governance .

Integration process difficult

Rare earth industry is very small, the entire value of the domestic rare earth enterprises but also one hundred billion yuan or so, but the important position of rare earths should not be overlooked . Over the years, low barriers to entry due to rare earth enterprises , investment is relatively small, the process is relatively simple , with the temptation of high interest, and the protection of local authorities , there is a serious over-exploitation , private dug Luancai phenomenon , the market has been in a non- sequence race condition can be described as chaos . In recent years , the state environmental protection special inspection of rare earth enterprises , the introduction of rare access system , the implementation of invoices initiatives to carry out special operations , such as regulation of rare earth industry , but still does not solve the fundamental problem of rare earth chaos .

The Company executives said the formation of large rare earth group , it should be a major positive rare earth industry . Rare earth mine in terms of the source , you can block the illegal mining of private dug upstream ; enterprise in terms of the overall planning , you can eliminate a large number of illegal and excess capacity ; from technological advances in terms of , you can concentrate manpower accelerate new technology, new technology research and development, reduce energy consumption, environmental protection and other outstanding problems to solve ; from the product point of view, you can speed up the extension of downstream products ; from the market side, the problem can be solved vicious competition and maintain market is relatively stable , to avoid all these years & ldquo ; the peaks and valleys " of the disorder.

A rare earth analyst told reporters , although the list of rare earth group formation have been identified , but the integration process is still very difficult. For example, now the parties are competing for Sichuan 's rare earth resources, foreign enterprises to integrate difficult to imagine.

Even within regional integration , nor is it easy. In Baotou Steel Rare Earth , for example, since the spread of rare earth industry consolidation , the company as a leading enterprise in the north of rare earth , rare earth consolidation carrying the banner of the North , but in fact, the integration process is still very difficult. Update program again , and again promised to postpone the completion of the integration time , which is from the company's announcement will be aware of .

December 28, 2012 , and 12 in Inner Mongolia Baotou Steel Rare Earth Rare upstream companies signed a "rare earth upstream integration and restructuring of the framework agreement ." The above announcement Jan. 3, 2103 , until only the latest progress , but the number of corporate restructuring has 12 turns 9 , and the remaining 3 Why has not signed a formal agreement , remains to be seen .

Rare Large Group was established on a formal list recognizes the impact of the rare earth market , said analyst told reporters after the formation of large groups about the list of rare earth industry has long been expected that the large group announced the formation of the list , just to name the , so the impact on rare earth prices weak.

For purchasing and storage of rare earth market has been expected , these analysts said , by the end of December 2013 the national reserve of rare earth Bureau has deployed Shouchu meeting in Beijing , but the quotation State Reserve Bureau is too low, no companies willing to do , resulting in bids . Currently, purchasing and storage of rare earth is still no timetable. "Even though the official launch of purchasing and storage of rare earth , rare earth prices to stimulate is limited, delays in downstream demand open in the background , this rare earth market is still not optimistic. "


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