Central enterprises to take the lead in Sichuan to open a new round of consolidation of rare earth industry

Sichuan rare earth industry set off a new round of consolidation . Recently Grinm and Sichuan Sheng and resources listed companies have announced that the company and a subsidiary of a subsidiary of China Aluminum Corporation of China central enterprises rare Rare Ltd. ( hereinafter referred to as Chinese rare and rare earth ) , Sichuan Han Xin Mining Development Company Limited ( hereinafter referred to as the Han Xin Mining ) signed a " letter of intent " , to be jointly set up a joint venture company , integrating mining and smelting of rare earth Sichuan separate companies.

Aluminum Corporation of China Sichuan delegation led

Grinm said , holding subsidiaries Grirem February 28 and China rare earth, rare earth Leshan Sheng Co., Ltd. ( hereinafter referred to as Sheng and rare earths ) and Han Xin signed on rare earth mining industry consolidation , development and other aspects of rare earth mine Letter of Intent . Parties to jointly set up a joint venture company , integrating mining and smelting of rare earth separation Sichuan enterprises, China is relatively rare and rare earth holding, Sheng and rare is the second largest shareholder.

As a leading enterprise in Sichuan RE , Sheng and resources yesterday also announced that a subsidiary of the Chinese sheng and rare earth rare earth, Grirem and Han Xin Mining signed a letter of intent.

Statistics show that China is the rare and rare earth aluminum subsidiary central level, is the development of rare earth industry consolidation aluminum platform , designated as the Ministry of National Rare Earth one of the main formation of large enterprise groups , led by the integration of the relevant provinces including Sichuan , including separation of rare earth mining and smelting enterprises .

Sheng Sheng and resources and rare compared subsidiaries. Before the co- Sheng and rare announcement intended to 237 million yuan in Hong Kong and has acquired a 40% equity interest in faith , and faith is the main business of rare metals and rare earth production . Meanwhile, there is also hosting a rare Sheng Han Xin held DeChangXian polymetallic ore mining and some experimental mining rare earth ore processing plant mainland slot . Sichuan Sheng and rare earth resources as a leading enterprise in the hands of the many "good " brand , but also for its position to get two shareholders to increase the stakes .

Ministry of Industry and support the formation of a large group of rare earth

Integration of rare earth resources in the country in recent years has become a trend.

In early January , the Ministry held a rare formation of large enterprise groups thematic sessions. At present, China has basically formed a rare Baotou Steel Group , China Minmetals , Chinalco , Guangdong earth, Ganzhou Rare Earth and Xiamen Tungsten six companies led industry development pattern. Next , focus on supporting these six companies were led to further promote mergers and acquisitions , formation of large rare earth enterprise groups. Promote industrial restructuring as one of " the Big Six " of China Aluminum Industry, by introducing Grinm , Sheng and resources , the curtain opened Sichuan RE integration.

As a rare province of Sichuan have MIANNING , Xichang extends to nearly 300 kilometers with Johnson and other places of rare earth resources , with coarse mineral particles , single component , less impurities , easy smelting , etc., rare quality ranks first in the country. Sichuan Maoerniu two main ore of rare earth ore reserves of rare earth ore Johnson mainland slot home the top three domestic reserves were 200 million tons and 700,000 tons . Currently, Sheng and rare earths is hosted belonged to Han Xin Mining rare earth ore Johnson mainland slot No. 1 mine.

It is worth noting that the development had been a number of listed companies in Tibet and Sichuan rare earth mine came " scandal" , but in the end only made ​​legitimate Jiangxi Copper mining rights within the range of 2.94 square kilometers MIANNING Maoniuping rare earth resources . Analysts pointed out that in recent years, the local government is trying to set up a provincial initiative to seek the rare earth group , but eventually led to overcapacity in the domestic rare earth intensifying , while the Ministry of aluminum to obtain support for the rare earth industry to promote regional integration, integration of difficulty significantly reduced.

Rare performance by seeking to integrate counter-attack

While last year's third quarter, the southern parts of rare earth to carry out remediation activities , coupled with the expected impact of the national reserve , some rare earth products prices rebounded significantly , but the second half of the rare earth prices fall back into the doldrums. Listed companies from various rare earth industry in 2013 "report card ", it has not yet seen the rare earth industry is currently out of the " winter" , in which colored Rising net loss of 72 million -8000 million. So why this time the companies reached the rare earth industry?

A brokerage analysts said , in the country to create a large group of rare-earth backdrop restrictions from the local government will be less and less , rare earth resources will be further concentrated , which is conducive to enhance the voice of each company . Once the rare earth industry inflection point, then the time and resources to select Sheng teamed with China 's Chalco , Grinm will also receive substantial returns.

Shaw ultra-wide permit Hang consulting analyst noted Grirem as the earliest engaged in rare earth research, the strongest R & D units , 60% of rare earth production in China using Grirem development process . The companies involved in the integration of rare earth resources in Sichuan Province , reflecting the state of the industry transformation and upgrading of attention, but also reflects the company's rare earth industry chain advantages and value , the company expects will leverage its R & D strength , keeping the rare high-end products in the advantages, continue to benefit from the integration of the country 's rare earth resources .


Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

• < Prev
• Next >