MIIT will integrate domestic rare earth mining

With six rare earth -based mergers and acquisitions business structure, integration of domestic rare earth mining and smelting separation of businesses, close down a number of illegal businesses in the process , 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.

Data provided in the report shows that in 2013 , the country's total rare earth mining control 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 .


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