MIIT: to consolidate and expand the pattern of rare earth industry mergers and acquisitions

Ministry of Industry and Raw Materials Division Feb. 21 release " 2013 economic operation of the rare earth industry ," the overall analysis of the rare earth industry in 2013 , the deployment of 2014 industry focus .

The report shows that in 2013 , the country's total control of rare earth mining index was 9.38 million tonnes ( total rare earth oxide , the same below ) , smelting separation products programs for 90,400 tons . The actual amount of the annual extraction of 80,400 tons , smelting separation products production was 83,300 tons , respectively, 85.7% and 92.1% plan , part of the rare earth mine in Jiangxi Province and China Minmetals conduct environmental transformation and inhibition of falling prices and reduced production . The total amount of 24,000 tons of rare earth export quota (equivalent physical quantity 31,000 tons ) . Actual annual export quota of rare earth products physical quantity 22,900 tons , an increase of 36.3% , exports amounted $ 603 million . 2013 , operating income of 76.9 billion yuan rare earth industry , an increase of 7.9% , a profit of 7.74 billion yuan , down 28.1 percent . Lower profit was mainly due to the impact of rare earth prices .

Report, Inner Mongolia, Guangdong, Jiangxi, Fujian and other provinces (regions ) in the area basically completed the separation of rare earth mining and smelting enterprise integration , and the formation of large rare-earth enterprise groups. China Minmetals , Chinalco and other central enterprises to intensify structural adjustment , industrial scale and comprehensive strength has been further enhanced. In the rare earth industry restructuring and upgrading of special support and guidance , the construction of six integrated rare public technical service platform , and built a number of high-end materials and device projects , the majority of rare quality and performance of primary raw materials to meet international standards , a significant value-added products improved.

The report notes that the current rare earth industry, there are still some outstanding issues: First, illegal poaching , unplanned production have occurred, forming a set of mining, production, circulation , smuggling as one of the chain of black interests seriously disrupted the market order , resulting rare earth products prices have fallen significantly. Second, the separation of rare earth smelting overcapacity problems still outstanding. Third, laws and regulations are not perfect, of rare earth production, circulation of illegal behavior is difficult to cure.

Reporting requirements in 2014 focused on consolidating and expanding China Minmetals has been formed , China Aluminum , Baotou Steel Rare Earth , Ganzhou Rare Earth , Guangdong, rare earth, rare earth enterprises Xiamen Tungsten six major mergers and acquisitions based on the pattern of domestic rare earth mining and integration smelting separation of businesses, closed during this process a number of illegal businesses , converting a number of enterprises , restructuring of a number of enterprises , dramatically reducing the number of separated rare earth smelting enterprises , resolve excess capacity. Promote mergers and acquisitions , the formation pattern of development of large enterprise groups leading rare earth industry as soon as possible . It will also take advantage of strategic emerging industries , the state's major science and technology projects , the rare earth industry restructuring and upgrading policies to support large enterprise groups , research institutes to develop new rare earth materials, the development of high-end applications industry , promote the optimization and upgrading of rare earth industry . Formulate " Rare regulations," according to norms of production and business activities.


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