Rare earth resource tax reform to start businesses to wait and see
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- Category: Rare Earth News
- Published on Monday, 18 May 2015 15:14
- Written by HJF
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From May 1, 2015, the rare earths, tungsten, molybdenum resource tax amount levied by the change from ad valorem, and in accordance with the principle of no increase in the corporate tax rate be reasonably determined. Today, the past two weeks, reflecting the industry's point of view, the affected market supply and demand, the effect of the current tax reform has not been fully released, enterprises are facing the pressure is still large.
Rare earth resources tax to push the guide price
The tax reform is the second after January 1 rare earth export quotas, export duties and rare cancellation policy while another heavy news started. Tax reform policy announced 10 working days, Ganzhou Rare Earth Industry Association officially on May 11 will guide ionic rare earth ore price increases of 10,000 yuan / ton, 17-19 yuan / ton.
For changes in costs, assistant general manager of the rare earth industry group Guangdong Province Hu Xun Chang calculations: "In the south of mixed rare earth price of 120,000 yuan / ton, for example, the resource tax reform before tax 22,500 yuan / ton, plus mineral compensation (120,000 yuan / ton * 0.04 = 4800 yuan / ton), a total of 27,300 yuan / ton after the tax reform, the first mineral compensation canceled, actual resource tax of 120,000 yuan / ton * 0.27 = 32,400 yuan / increase in tons better when the market price once the rise, resource tax rate will actually paid proportionally, the cost will certainly be higher than the market downturn when. "
How has signed a contract for the implementation of tax reform policies of rare earth products, the Deputy Secretary-General Chen Zhanheng China Rare Earth Industry Association, said: "In accordance with this resource tax adjustment document, has signed the contract is not part of the implementation of the required resources to pursue the new tax, this Before taxes are calculated according to the new standard rate of VAT calculation. "
The market turnover is still under pressure
Ganzhou rare earth separating a responsible person said, dysprosium current price of 161-162 yuan / ton, but in fact the purchase cost of 170 yuan / ton or more, downstream from the oxide material are basically at a loss.
This cost price inversion condition leads the market traded flat, Deputy Secretary-General Chen Zhanheng China Rare Earth Industry Association, said: "The current market is a buyer's market of rare earth enterprises to inventory pressure is relatively large, but many companies have been losing money, the transaction situation is more stalemate. "
The future is expected to stabilize rare earth prices rise
For the current production of rare earth enterprises operating conditions, some of Ganzhou rare earth separating enterprises responsible person said, has been a part of the downstream business was discontinued, there are some enterprises in preparing product transformation. Indeed, through the 2011 prices rose after a sharp expansion of production capacity, significantly more than the market demands, the market needs to go through a brutal phase-out period to recover gradually achieve a balance.
In reference to the reaction of rare earth downstream tax reform, Chen Zhanheng said the price reflects the impact of changes in the cost of rare earth resource tax reform will NdFeB production enterprises enterprise required praseodymium, neodymium, terbium, dysprosium and other varieties, the implementation of new resources tax, no increase of prices of these products, but there is a slight downward.
According 陈占恒 introduced after the abolition of tariffs, should be canceled before export prices are decreased, and keep pace with domestic prices. After the implementation of the new resource tax, the domestic rare earth market, but the recent price decline, it is still rare excess capacity, due to lack of downstream demand. After the fight with the effective implementation of the illegal exploitation of and total control program, a large group of deepening integration, the rare earth companies destocking is complete, it is expected to stabilize rare earth prices rise.
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RE prices have steadily and drop, prices continued to run low
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- Category: Rare Earth News
- Published on Friday, 15 May 2015 15:04
- Written by HJF
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Currently there are stable rare earth market have lower prices low for the main businesses that resource tax changes on the market did not play much of a positive impact, not least the price improvement. The Ministry of Land today published on the website of the 2015 total rare earth mining control targets, compared with last year, the total amount and the severity of the distribution ratio of rare earth has not changed.
Lanthanum, cerium oxides market, the current low prices steady, some businesses offer little decrease slightly, as 4N lanthanum oxide, it is currently a business offer at 13,000 yuan / ton, down slightly relative to the previous price of 500 yuan / ton. There cerium oxide magnitude of price adjustment are less than 500 / ton, according to 3N Ganzhou area businesses offer 11,000 yuan with votes cerium oxide / ton.
Praseodymium neodymium products low steady little decrease slightly high, it is currently Ganzhou suppliers say praseodymium neodymium metal price is only 375,000 yuan / ton, with no votes fell to 322,000 yuan / ton. Neodymium oxide, praseodymium prices temporarily concentrated in the current tax 290,000 yuan / ton, low steady, temporarily overly optimistic market outlook, expected short-term price fluctuation is still low.
Other markets such as dysprosium oxide, europium, terbium, and other products turnover is not good, prices low, businesses do not want to lose money shipping watching the market, there are businesses continue to put forward, such as terbium oxide, there are business reflects the price of only 3,500 yuan / kg , dilute Association recently terbia offer also only around 3600-3700 yuan / kg, without the transaction support, investors or continue to decline slightly.
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Rare earth products fell slightly, erbium oxide lighter
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- Category: Rare Earth News
- Published on Wednesday, 13 May 2015 17:40
- Written by HJF
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Today most of the rare earth market products appear slight decline phenomenon, currently erbium oxide lighter, Inquiry home minor adjustments, there are businesses offer between 245,000 yuan per ton, other products are also signs of a slight drop. Although a few businesses that deal, but prices fell, Ganzhou a supplier represents just left neodymium praseodymium oxide is currently quoted at 29 yuan per ton, the callback of 05,000 yuan per ton, take the goods to the poor.
Manufacturers have said that the current price adjustment is mainly to promote sales, in fact, the current market demand, although in general, but the sharp decline can not, for five or six months of sales before prices pulled back slightly, but the market outlook earth prices will not fall much.
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Production index issued by the Ministry of Land and other non-rare earth enterprises who transfers
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- Category: Rare Earth News
- Published on Thursday, 14 May 2015 15:58
- Written by HJF
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According to the Ministry of Land Resources website news, the Ministry today released the "2015 issued annual rare earth mine tungsten ore mining total control of notice." "Notice" show, 2015 annual national rare earth ore (rare earth oxides REO) total production control target of 105,000 tons.
"Notice" requirement, the local land and resources departments at all levels to take measures to strengthen verification and inspection of rare earth ore and tungsten miners mining index implementation, companies secretly transferred to other companies is strictly prohibited indicators.
"Notice" show, 2015 annual national rare earth ore (rare earth oxides REO) total production control target of 105,000 tons, wherein the ionic (with heavy rare earth-based) index 17,900 tons of rare earth ore, rock type (light) rare earth mine Indicators 87,100 tons. National tungsten concentrate (tungsten trioxide content of 65%) of the total production control target of 91,300 tons, including 73,300 tons of main mining indicators, utilization indicators 18,000 tons.
"Notice" that China Minmetals Corporation, China Aluminum Corporation, Baotou Iron and Steel (Group) Co., Ltd., Xiamen Tungsten Co., Ltd., Ganzhou Rare Earth Group Co., Ltd., Guangdong Rare Earth Industry Group Co., Ltd. 6 Rare Earth Group Integration the restructuring plan has been approved by relevant departments for the record. To promote rare earth industry structure adjustment and optimization, according to the State Department to speed up the implementation of the strategic requirements of enterprise groups of rare earth, rare-earth group and the inclusion of consolidation and restructuring has been completed, a separate index in the (area) of the total provincial indicators, the provincial land resources department Press the single number assigned to the rare earth mining enterprises, did not enter the consolidation and restructuring of the Group or unfinished, continued provincial (district) allocation.
"Notice" requirement, the provincial land and resources departments should strictly follow the regulations, and indicators should be issued by the Ministry 30 working days of the province (region) rare earth mine tungsten ore indicators and distribution to Rare Earth Group issued a rare earth mine indicators of decomposition, announcement and report for the record. County level land and resources department to sign letters of responsibility with the mining companies, to define the rights, obligations and breach of contract.
Mining rights should conscientiously implement the rare earth and tungsten ore monthly quarterly system, timely, accurate, standardized conduct online reporting. Local departments of land resources at all levels to take measures to strengthen verification and inspection of rare earth and tungsten mine ore mining index implementation, companies secretly transferred to other companies is strictly prohibited indicators. Guidance COMPREHENSIVE tungsten ore companies control production, distribution of comprehensive utilization of inadequate implementation of approved work indicators, to accurately report actual production. Construction projects recycling of rare earth resources, should be included in the total production control indicators and strict supervision.
"Notice" that, on rare earth mine tungsten ore prospecting and mining rights management approval before the new document issued press "Land and Resources issued FY2014 on rare earth tungsten ore mining total control notice" (Guo Tu Zi Fa [2014] 65) execution.
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United States and Japan Forced domestic enterprises to accelerate technological upgrading of rare earth production
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- Category: Rare Earth News
- Published on Tuesday, 12 May 2015 16:52
- Written by HJF
- Hits: 3019
Recently, some media reports, the Pentagon and the Japanese Toyota is trying to break the Chinese monopoly of the world's rare earth mining. US Department of Defense and Asia's largest automobile manufacturer is working with Canadian companies and Mata Meck You Keer rare metals exploration companies to cooperate, the two companies are developing the North American rare earth mine, which will increase the so-called heavy rare earth supplies.
In the past two years, rare earth prices and stock trend is very unstable, but that did not prevent exploration companies outside of China highly publicized its rare earth production potential. Australia, the United States and other countries have expressed rare earth mining will increase their efforts to resume production of its domestic rare earth ore. China Rare Earth would do and what impact?
Domestic production of rare earth complex foreign pressure
In recent years, as China continues to strengthen the management of the rare earth industry, the continued tightening of rare earth production and export scale, rare earth products prices increase compared to the previous 2010. The influence of the United States, Japan and other importer of rare earth rare earth mining companies and companies began to restart rare earth resources projects; at the same time, some of the rare-earth reserves rich countries such as India, Malaysia, attracted by the high price of rare earth products, have also launched and accelerate the local rare earth project.
November 10, the reporter contacted a number of domestic rare earth production enterprises, a number of industry sources have said, "Other countries capacity release, it will certainly impact rare earth prices. However, even the resumption of production to increase production abroad, nearly two RE-year period will not reach peak production, although the impact on the domestic rare earth enterprises, but not too much. "
Statistics show that at present, foreign rare earth in the construction and planning construction projects mainly in the Americas, Southeast Asia and Australia and other regions, rapid progress of rare earth resources in the project are the Mountain Pass, California rare earth mine, smelter rare Malaysia, India Orissa rare earth ore and rare earth mine in Vietnam East Fort. Among them, the Malaysian rare earth smelting company invested by Australian Carolina, Mount Weld in Australia for separating the refining of rare earth ore containing radioactive substances, will start trial production this year. Also plans to put into operation later this year as well as rare earth mine in Orissa.
"The production capacity of rare earth companies, if released, will certainly affect China's rare earth industry." Anonymity of the industry study said that the impact is mainly reflected in three aspects, further driving down the price of rare earth products, and promote China's rare earth smelting enterprises restructuring integration, promoting technological upgrading of China's rare earth industry.
Low price is probably a negative impact on the industry, but the remaining two can from the side of China's rare earth industry, stimulating the formation of good.
Weak domestic rare earth prices rebound
Production capacity overseas release of the new projects diverted original share of China's rare earth products, increased supply will lead to rare earth products prices continue to fall, especially in the United States and Australia, Reiner molybdenum company could bring the company's production of light rare earth prices come down significantly. Of course, this will help reduce China's rare earth exports, reduce excessive exploitation of rare earth resources.
"At present, as many as hundred of rare earth smelting enterprises, most small business capacity, backward technology, low-end products, with the decline in export volume of rare earth products and the market price decrease, the lack of competitiveness of smelting enterprises is bound to be eliminated , the reorganization and integration of the advantages of rare earths central and local state-owned enterprises. "The researchers believe.
For a long time, China's rare earth products formed a proliferation of low-end products, high-end product characteristics scarce, rare earth products prices continue to fall is bound to Forced enterprise more effort in the innovation and introduction of advanced technology, improve product value, etc., which will benefit promote technical upgrading of China's rare earth industry, to break down foreign rare earth companies to end the monopoly of rare earth products.
However, these researchers raised concerns, "the problem facing China's rare earth industry needs to do a lot, in addition to technology and production capacity, product issues mentioned rare earth products prices will rise remained under pressure."
Some analysts said that multiple factors lead to the recent rebound in the rare earth market rose sharply there is resistance. Recently, as manufacturers cut-insured, some enterprises and traders purchase and other factors, the rare earth market rebound. Praseodymium neodymium oxide, for example, offer up by the end of October, the lowest about 26 yuan / ton to the current 30-32 yuan / ton, rare earth prices fell during the previous 30 yuan / ton or less volume smaller, a small amount of money to leveraging rare earth prices. On the other hand, 35-40 yuan / ton range lock-plate is more intensive, rare earth prices rise there is a big resistance.
Despite the recent behavior of some restocking speculative demand, but the downstream business point of view, since no significant recovery in demand, most companies are still very cautious of restocking, the overall holding to the inventory policy. Thus, short-term rebound in the rare earth market more speculative capital from the push, rather than the real needs of recovery, down the butterfly effect is still dominant. Midstream and downstream businesses are still destocking process.
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