Ministry intervened in rare earth prices are expected to stabilize l

Recently, the Ministry of chemical industries Division issued on the 2013 the announcements of the economic operation of rare earths. Bulletin said total volume control targets for 2013 national rare earth mining 93800 tons (in terms of rare earth oxide, the same below), 90400 tons smelting separation of product plans. Actual mining 80400 tons for the year, and smelting separation of products produced 83,300 tons, planned 85.7% and 92.1%, respectively, parts of Jiangxi and China Minmetals rare earth mines for environmental adaptation and curb falling prices and reduced production. Total rare earth export quota of 24,000 tons (equivalent to the physical capacity of 31,000 tons). Actual export quotas for the year product of 22,900 tons, an increase of 36.3%, exports amount to $ 603 million.

According to statistics, 2013 the industry revenue 76.9 billion yuan, an increase of 7.9%, with a profit of 7.74 billion yuan, down 28.1%. Profits mainly due to the price decline.

Apart from 2013 El rare earth industry, announcement, and prospects for 2014, rare earth industry, in addition to step up fight against illegal acts, expedite the formation of large rare earth enterprise groups that work to be placed in an important position.

Groups press for rare earth

Early in January 2014, relevant departments of the Ministry of industry and information technology, in conjunction with the formation of large rare earth enterprise groups in Beijing conferences. The Conference call, press market, survival of the fittest rules, currently 6 companies have been formed as the leading industry development pattern. Next, you want to take advantage of, focusing on supporting these 6 companies lead further mergers, the formation of large rare earth enterprise groups.

Ministry stressed that market into full play in the decisive role in the allocation of resources, with enterprises as the mainstay, diversified investment, marketing, promoting mergers and "Let me restructure" to "I want to restructure" changes.

On February 21 the Ministry announcement, expedite the formation of large rare earth enterprise groups were placed in a prominent position. Bulletin, 6 large mergers based on the rare earth enterprise structure and consolidate the country's separation of rare earth mining and smelting enterprises, in the process closing of illegal enterprises, changing the number of enterprises, restructuring enterprises, substantially reduce the amount of separation of rare-earth smelting enterprises to solve excess capacity. Adhere to government guidance, business-led, the principle of diversified investments, market-oriented operation, play a decisive role in the allocation of resources in the market, combination of economic, technological, legal and necessary administrative means to eliminate institutional mechanism barriers, adroitly guiding actions according to facilitate mergers and acquisitions, as soon as possible formation of large rare earth enterprise groups leading industry development pattern.

Now, after several years of consolidation to accelerate, rare earth industry formed the local businesses in the South and Central enterprises-State pattern. Baotou steel rare-earth, rising nonferrous metals, rare earths and Xiamen tungsten industry in Ganzhou and other local enterprises had the resources for a link for group consolidation, while Minmetals and Chinalco through mergers and separation downstream smelting and processing industry, and gradually penetrate to the upstream, "infiltration routes" access to the upper reaches of the right to speak.

Facing the future integration issue of whether there will be competition, insiders pointed out that currently both enterprises and local businesses compete, there is cooperation. But make no mistake about it, the re integration of future southern competition will become increasingly fierce. Some media reported that now all parties are competing for the Sichuan rare earth resources, Sheng and resources of listed companies in Sichuan, Leshan develop rare earth new material limited company, enterprise integration difficult.

Prices are expected to rise

Apart from the reorganization of rare earths, but keep highhanded work to combat illegal activities by the Ministry in the year 2014 re work focuses on location.

Bulletin said, this year will strengthened regulatory, industrial and information Department with police, and homeland, and environmental, and customs, and tax, and Ann prison, sector increased on problem highlight area of verification intensity, on focus cases tone supervising; established light rare earth and in the heavy rare earth combat illegal production regional linkage mechanism, timely communication information, integrated coordination, unified action; through rare earth dedicated invoice data shared, and perfect reported system, means timely found problem and investigated; is implementation dependency regulatory responsibility, urged place strongly investigated illegal violation acts ; Efforts to increase accountability, to individual local governments fail to fulfil regulatory responsibilities, collusion, illegal conduct, such as project approval accountability; strengthening community supervision by public opinion, news media, dissemination of good practices, expose typical cases, six will be emphasized.

But there were people in the industry in an interview with reporters, said the combined last August of multiple sites to treat rare cases illegal rare earth prices go up, if violations crackdown increased again this year, prices are expected to recovery.


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