Su Bo, Minister of the Industry and Information Technology, proposed at the China Rare Earth Industry Association member meeting that China should construct large rare earth groups.  As soon as the news was reported, rare earth permanent magnet individual shares rose across the board.

New energy automobile is a major consumer of rare earth permanent magnet. Global new energy automobile sales reached 200,000 units, and more and more new automobile types are accepted by consumers, with the development of new energy and hybrid electric vehicle boosting demand for high-end neodymium-iron-boron significantly. But the purchase and utilization of new energy automobiles still need support from the government and people, so the growth of rare earth permanent magnet depend on the environmental awareness of the government and people. Rare earth permanent magnet orders will increase in the short term, and medium-and-heavy rare earth value reassessment investments are optimistic in the long run. Given the energy savings and environmental protection policy, the new energy automobile industry has a prosperous outlook. If new energy automobile and hybrid electric vehicle grow rapidly, the growth rate of global demand for high-end neodymium-iron-boron will reach 17%, and will drive total demand growth to 13%. Low-end rare earth permanent magnet capacity has been in severe surplus, while the low-end capacity fell short of demand. The listed companies that have opportunities to receive high-end product orders will benefit from the growth of neodymium-iron-boron brought by the development of new energy automobile.


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NFC Southern Rare Earth (Xinfeng) Company’s rare earth separation project was approved by the NDRC.

The project will be constructed in Huilong Town, Xinfeng County, Shaoguan city, Guangdong, and use mature cascade extraction separation technology to produce rare earth oxide. The rare earth separation project will have a capacity of 7,000 mt/yr, and produce 6,531.7 mt of rare earth oxide. It was invested RMB 612 million, with capital fund of RMB 300 million, which accounts for 49% of total investments. The capital needed will be raised by NFC Southern Rare Earth itself, and the remainder non-capital fund will be provided by bank loans. The company stated it will accelerate the construction of the project according to related regulations by central and local governments.


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In response to the supply restrictions of rare earth metals, critical in many modern electronics, rare earth magnets are brought up by the international consortium as new solutions to help with the demand from European industry.

One of the consortiums aims is to dramatically increase the amount of rare earth materials recovered and remanufactured from existing waste streams. The project brings together European industry and academia across the supply chain to develop the innovative technologies, business models and market information required to exploit this valuable resource reducing dependence on primary sources.

Baotou is rich in light rare earth reserves, while Ganzhou, Jiangxi province is the largest medium-to-heavy rare earth producing region in the world.

Ganzhou has made great strides in rare earth consolidation.

Meanwhile, Ganzhou still needs to enhance consolidation of rare earth smelting and separation. With regard to industry consolidation and building large rare earth groups, further cooperation between local governments, SOEs and local capital is demanded.

Rare earth enterprises including China Minmetals, Chalco, Inner Mongolia Baotou Steel Rare-earth and Guangdong Rising Nonferrous Metals all want to gain market shares of in ion-absorbing type rare earth in Ganzhou.

China Minmetals is the most powerful rare earth enterprise of all mentioned above.

Minmetals purchased Dingnan Dahua and Ganxian Hongjin in 2008, which are domestic largest and most advanced ion-absorbing type rare earth enterprises and produce the products with most stable quality, so as to form China Minmetals Rare Earth Company. Its rare earth separation and smelting capacity reached 9,000 mt/yr, with the capacity of  Dingnan Dahua and Ganxian Hongjin 4,400 mt/yr and 4,600 mt/yr, respectively.

A number of large rare earth groups will be constructed this year.


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