Ministry to support the integration of rare earth giant

The formation of large rare earth group on the draft will have

The market has been concerned about the large rare earth group finally made ​​new progress , the reporter learned from the Ministry of Industry , the Department recently held a special rare earth companies will set up a large group , and plan to further strengthen the rare earth industry mergers and acquisitions and rectification .

Due to the impact of the spot market price correction , rare earth stocks may enjoy the short-term dividend policy , systematic opportunities need to wait to pick up rare earth prices effectively .

Reporters from the website of the Ministry informed that on January 8 , the Ministry convened departments held a formation of large rare earth enterprises Group special meeting in Beijing to convey the State Department study reinforces the spirit of the rare earth industry, the management of a special meeting , and plan to further strengthen the rare earth industry, mergers and acquisitions, rectification and so on. The most concern is that the meeting is not only " the formation of large rare earth enterprises Group guidelines ( draft)" were discussed, but also to express its support to include Guangdong , including six rare earth enterprises set up large rare earth group .

Promote the formation of large rare earth group

MIIT said that the meeting on the 8th of study and implement the spirit of a special meeting of the State Council of rare earth to support large-scale enterprise group established to further strengthen the management of the rare earth industry and " the formation of large rare earth enterprises Group guidelines ( draft)" were discussed.

In the " Several Opinions of the State Council on promoting the sustainable and healthy development of rare earth industry ," issued more than two years , the basic completion of the document presents the main tasks , the basic realization of the " with 1 to 2 years, to establish orderly the rare earth resource development , smelting separation and market order flow , the initial establishment of a unified , standardized and efficient rare earth industry management system " milestones . According to market laws of survival of the fittest , has been basically formed Baotou Steel Group , China Minmetals , Chinalco , Guangdong earth, Ganzhou Rare Earth and Xiamen Tungsten [ 0.46% funding research report] and other six companies led industry development pattern.

MIIT said the next step will be the flow, business-oriented , diversified investment , remove institutional obstacles , grasp this opportunity to promote mergers and acquisitions. Key support for this six companies were led to further promote mergers and acquisitions , formation of large rare earth enterprise groups.

In addition , the Ministry for the next rare earth industry management requests, revised and improved as soon as possible , " Rare Management Ordinance ( draft ) " , to fight as soon as possible ; carry out the rectification of the rare earth industry , the fight against illegal exploitation of rare earth production and distribution work normalization , while the industry to actively promote technological progress and industrial upgrading. Also requires a large rare earth enterprises play an exemplary role in the Group's implementation of national policies and regulations , the development of industry and other high-end applications .

Rare earth prices continued to decline

It is worth noting that, in the secondary market , due to the presence of large national reserve of rare earth group formation and expected transaction prices of rare earth stocks staged from time to time , but overall still in the doldrums this year . However, industry sources said , the current spot market price of rare earth continued to decline , is not conducive to a sustained rebound in rare earth stocks, short-term opportunities and events mainly from the policy side stimulation .

Rare opportunity plates mainly from the policy

As of Thursday's close , rare earth stocks followed the broader market plunge , after a continuous rise by the end of November last year, the most recent 28 trading days tumbled 17%.

"The main rare earth prices fell, the impact on the market is obvious. " A broker non-ferrous metals industry analyst , told reporters . Reporters China Rare Earth Industry Association data obtained from also show that since mid- September , the main rare earth products lower price shocks , as of January 8 , lanthanum oxide ( purity ≥ 99%) prices have callback to 2.3 ~ 25,000 yuan / ton, lower than the previous 3.1 to 3.3 yuan / ton . The same purity of neodymium oxide prices from last year's September 17th highest 36.5 yuan / ton pullback to a minimum 312,000 yuan / ton , the biggest decline to 14.52% .

Analysts also said the giant Guoxian affected by illegal social stock sell-off and lower demand for off-season this year, January 5th week, the severity of rare earth oxide prices fell 1.73% and 3.42 %, respectively , primarily heavy rare earth oxide ore price ratio fell to 0.96 , the current point in time prices, heavy rare earth smelting session will comprehensive loss . However, he believes that as the future of the national reserve of rare earth stocks have been digested , the probability of large price increases .

In most analysts view, due to higher prices need to wait again , the short-term rare earth sector opportunities are mainly from policy changes and events such as mergers and acquisitions opportunities .


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