Rare earth industry mergers and acquisitions change ideas

Ministry of Industry recently held with the relevant departments in Beijing formation of large enterprise groups rare special meeting , and plan to further strengthen the rare earth industry, mergers and acquisitions, rectification work.

Meeting revealed that China has basically formed a Baotou Steel Group , China Minmetals , Chinalco , Guangdong earth, Ganzhou Rare Earth , Xiamen Tungsten six companies led industry development pattern. Next, the state should focus on supporting these six companies were led to further promote mergers and acquisitions , formation of large rare earth enterprise groups. General guiding principle is to give full play to the decisive role of the market in allocating resources , and business-oriented , diversified investment, market -oriented operation ; simultaneously play the role of good government , a combination of economic , technical, legal and necessary administrative means to eliminate institutional mechanisms barriers, both internal incentive for enterprises , but also the external regulatory policy system of accountability to promote mergers and acquisitions by the "Let Me restructuring" to "I want restructuring" changes.

Next meeting of the rare earth industry management proposed requirements: First, to further establish a sound legal system and regulatory system, revised and improved as soon as possible , " Rare Management Ordinance ( draft ) " , to fight as soon as possible ; Second, the depth rectification of the rare earth industry , the fight against illegal exploitation of rare earth production and circulation of work normalization ; Third, actively promote technological progress and industrial upgrading ; fourth is a large group of rare earth enterprises should play a leading role in the implementation of national policies to maintain market order , the development of industry and other high-end applications for the development of rare earth industry to make an important contribution.

Delegates also discussed " the formation of large rare earth enterprises Group guidelines ( draft)" were discussed.


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