Rare Exchange November trial operation

Located in Baotou , there are a number of listed shares of Chinese companies in the opening exchanges of rare earth products more than a year after the last to enter the test run. Reporter yesterday from Baotou aspects confirmation , Baotou Rare Earth Exchange Building has been completed and 23 is the day of the move , the exchange will be November 8 officially test run. " plans to open a promotion, to recruit members . " Informed sources said .

Gu Ming , general manager according to the exchange , the exchange will be set up three kinds of spot trading model, hot varieties auction trading , traded , real-time trading . Traded similar to Taobao , the sale of non-product restrictions ; instant transactions like the last issue of the electronic disk, you can see a variety of on-line real-time prices and trading conditions .

And the variety of real-time transaction contemplated from neodymium oxide, praseodymium oxide, lanthanum oxide, cerium and europium oxide selected from two or three specific yet been determined. Gu Ming said the proposed future on the line two three varieties of a large amount of market activities .

In the industry view , commodities electronic business platform difficult. Contains 17 species , with 12 shareholders of Chinese rare earth exchange , especially difficult. August 8, 2012 , China rare earth products in Baotou City Exchange Limited formally inaugurated .

There was news that the formal operation of the exchange , the result of a transaction between shareholders product standards development, delivery of library settings difficult to reach agreement on issues such as the delay. In this regard, the industry believes that there is a difference because each product , how to design a standardized rare earth products will be a problem. Exchange can not open as scheduled in August , allegedly unified standard is one of the reasons is difficult .

Closing libraries is another problem. Reporters learned that exchange initial intention , set up a high-tech zones in Baotou delivery library . " Closing libraries is of course all over the country , the better. " an exchange of shareholders said .

Problems encountered Baotou Rare Earth Exchange , electronic commodities trading industry is experiencing a common problem. Domestic Hebei Iron and Steel , Baosteel and other electronic trading platforms are mainly self-produced varieties ; hasty last Ganzhou Rare Earth Stock Exchange listing, allegedly only made ​​a deal .

Industry sources said the Baotou Rare Earth traders after the operation will encounter the same problem of trading activity .

China copper, iron, oil , lead, zinc and other commodities lack of mineral resources , but rich in rare earth reserves . Baotou Steel Rare Earth controlling shareholder has the largest rare earth mine in Bayan Obo . Rare Northern integrators as well as the largest rare earth enterprises , Baotou Steel Rare Earth in light field with global influence . To this end, Gu Ming believes that exchanges will light rare earth products on-line price guide.


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Inner Mongolia Autonomous Region to carry out research work of rare earth resources tax reform

Inner Mongolia Autonomous Region Department of Finance , Inland Revenue Department under the "Ministry of Finance regarding the development of rare earth resources tax investigation ," the notice ( tax administration will [ 2013 ] No. 212 ) requires , on October 16 -18 days , went to Baotou research, mainly for rare earths ad valorem resource tax reform to carry out preparatory work .

Commission by letter of Baotou Rare Earth Industry Development Institute , Baotou City Finance Office and Law Shui Zhengke , Baotou Local Taxation Bureau and other relevant fiscal accompanied , watch the production site , to understand processes and resource tax on rare earth enterprises in the relevant circumstances and discussion.

His research group listened carefully to rare earth resources tax levied on the situation : Bayan Obo iron , rare earth elements in a variety of symbiotic Bastnaesite , Baotou Steel Group Bayan Obo ore mining 12 million tons per year , from which the first elected iron 4500000 t , and the remaining 7.5 million tons in about 3 million tons sold to Baotou Steel Rare earth election , another 4.5 million tons discharged to tailings . Since April 1, 2011 National levy 60 yuan / ton of rare earth resources tax year, Baotou Steel Rare Earth using 300 tons of pulp , but the burden of 12 million tons of ore of approximately 7.2 billion rare earth resources tax , especially this year rare earth market downturn , heavier burden on enterprises . Research group for this situation , will present rare earth resources tax reform proposal , submitted to the Ministry of Finance .


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Ministry of brewing a number of rare earth Deal

Recently, on the rare countries will be purchasing and storage of messages flooding the market. Reporters learned from relevant sources , purchasing and storage of rare earth in the year is expected to be honored, but the exact timing is hard to confirm. At the same time , the state is still brewing more rare Deal.

Shouchu rumors flying around

Starting from the early July , the market will have similar rare earth Shouchu rumors. September , the message continue to ferment , a recent rumor is October will determine the purchasing and storage solutions . In this regard, close to the earth Association , told reporters , the State does have a year purchasing and storage plan, but storage price and timing are all secrets, will not be disclosed to the market .

A research report , the state purchasing and storage plan will be in October on earth , the whole dish will have ten billion yuan purchasing and storage , and is mainly in the heavy rare earths. The participating companies have six purchasing and storage .

From 2010 to start building our earth purchasing and storage system . 2011 and 2012, twice the national implementation of the purchasing and storage . Last year, the price of purchasing and storage of rare earth allegedly by six months the average price of the acquisition . At that time , in order to improve the purchase price , purchasing and storage enterprises to continuously improve the market price , resulting in inflated purchase price and the lower market price .
Rare earth industry to be combed

Near the end , in addition to a new round of rare earth reserve, there are a number of rare earth industry policy in the offing .

2012 , the United States , the European Union officially in the WTO on China 's rare earth export quota system proceedings. SW that rare earth WTO case is expected by the end of 2013 the outcome.

Although this international lawsuit winning or losing is inconclusive, but the authorities are very worried that once the rare earth industry abolished tariffs and export quotas , the earth will be like before vendors into a price scrimmage , rare earth return "cabbage price " era, industry green is also difficult to protect .

In order to prevent the same mistakes, the Chinese government is to re-sort the rare earth industry policy : If the unprecedented efforts to combat the illegal exploitation ; intends to introduce "Rare Management Regulations" ; formation of large groups ; another brewing differentiated management of different varieties of rare earth .
More critical downstream applications

Insiders said that although there are a number of rare-earth policy in the making , but the decision is the price of rare earth downstream applications . Otherwise, rare earth prices rebound fatigue .

Since June , rare earth prices have risen a lot of money . However, the delay in purchasing and storage of rare earth floor , market confidence in the setback . The first week after the National Day , the rare earth market prices of some products declined slightly , particularly neodymium , praseodymium , dysprosium and other product prices fell more obvious . Lanthanum , cerium and other products , such as pre-holiday sales of the same: very few people ask , the market deserted. Europium, terbium and other products in the post although some inquiries , but also basic little deal , the market turnover situation is not optimistic .

Although the policy is expected to help, but weak demand suppression rare earth prices. According to reports , rare earth permanent magnet material utilization rate in June and July, a record high for the year after began to fall. " very bad, very bad. " analyst Gao Yu Xin said.

Gao Xin expected, due to downstream applications enterprise procurement will not positive, stable prices during the rare earth and fell slightly .

Reporters learned that the Ministry is preparing to promote the application of rare earth downstream market policies .


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2013 and then out of the New Deal to encourage downstream applications of rare earth

2011 price spike of rare earth industry to suffer , the downstream industry has been no pressure of cross God . In order to solve the problem of rare earth industry sluggish downstream demand , the Ministry is preparing to promote the application of rare earth downstream market policies to reverse the current decline of rare earth industry .

Rare is called " industrial MSG ", which has applications in many emerging industries . The industry believes that China's rare earth reserves and production of the world's leading , and promote China's rare earth downstream applications is an important part of the New Deal .

Policy : the promotion of downstream applications

Shanghai and Shenzhen stock markets yesterday , the rare earth sector led the broader market once again , sparked speculation that policy is expected . There are rumors that the heavy rare earths policy is brewing . Shanghai Securities News reporter learned through the industry , relevant departments are studying the policy of promoting the rare earth downstream applications .

July 14 , China Rare Earth Industry Association in the Chinese Academy of Engineering organized the overall development and application of rare earth resources strategic planning workshops , rare earth Association Gan Yong and academicians participants.

Ministry director Jia Yinsong RE office at the meeting analyzed the main problems of the industry and preparedness measures . China Rare Earth Industry Association Deputy Secretary-General Chen Zhanheng reported "rare earth resources and the application of the overall strategic development plan " outline drafted situation .

Back in December 2012 , a specification like the same theme was held in Beijing . Attended by a number of academicians and experts have proposed to the rational use of rare earth resources, adjust rare earth resources strategy, the rationalization of costs and prices of rare earth ; increase rare earth technology innovation, expanding the application of rare earth products , such as smart phones , home appliances and so on. The meeting held that the application of rare earth development might lead and produce an industrial revolution . In addition , the meeting also mentioned the problem of integrating a large Rare Earth Group , to strengthen environmental governance work.

Skyrocketing hurt downstream vitality

Rare promote downstream applications become urgent work . 2011 , with a number of national New Deal Rare , rare earth prices such as wild horse straight up , raw material prices have rocketed so unbearable downstream to find a few alternatives , some companies hesitate to return to the era of low- ferrite , 2012 , rare earth downstream application vendors once only twelve percent of the operating rate , stop the closure of a few. The second quarter of this year , although the application of rare earth terminal capacity utilization improved to Friday 60% but then shadow enable enterprises still dominated by low inventory strategy .

The amount of 70% of the world's rare earth application in China . Many industry experts believe that the dramatic changes in the price of rare earth severe blow to the development of downstream industries , a large number of alternative technologies enable new applications of rare earth died , and even lead to technical regress.

Injuries eventually spread upstream downstream applications . After preliminary continued price cuts this year, in April and May , rare earth prices have fallen back to levels before the price increases accelerated - the highest price is only 80% , while a large number of rare earth piled in the warehouse can not find a buyer.

Promote the development of downstream applications where the rare earth industry to become one of the key .

Impact: second half performance or enhance

As downstream applications operating rate is not high, the first half of this year , the rare earth -related poor performance of listed companies .

Case in Baotou Rare Earth . Its first quarter net profit of 245,262,900 yuan , down 79.68% . Minmetals Rare expects first half net profit of about 90.015 billion yuan , down 92.50% 95.50% . Leading enterprise application providers downstream Zhong Ke San Huan 230 million yuan in the first half profit of 138 million yuan , down 50% to 70%.

However, since the end of June , Jiangxi Ganzhou Rare Earth to carry out illegal production of remediation and the Ministry intends to rectify in the country "black earth " after the news , rare earth prices began to rise to 20 % or so, Baotou Steel Rare Earth Rare Earth and five upstream firms mine rare performance is expected to improve .

Once the " overall development of rare earth resources and the application of strategic planning ," released during the year , the survival of the environment or the entire industry is expected to reverse. Rare earth magnetic field of new materials represented strong growth in recent years , especially in the electronics industry NdFeB rare earth permanent magnet materials , rare earth deep-processing enterprises will benefit.


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Weak low volatility market price of rare earth

Currently rare earth market temporarily remain weak steady, lower and lower prices of some products currently on the market with a small amount oxide procurement , lower prices, market transactions are not active.

Today praseodymium neodymium market , industry traders reflect Didymium with no ticket prices have dropped 350,000 yuan / ton, according to manufacturers and traders with some understanding of the current praseodymium neodymium with ticket prices 43,43.5 yuan / ton, not with votes remained at 365,000 yuan / ton. Neodymium oxide, praseodymium market, at present , according to Baotou manufacturers reflect , with ticket price of 33 yuan / ton, slightly lower than last week, $ 5,000 / ton, with no votes at 285,000 yuan / ton in the vicinity . According with other Ganzhou and Jiangsu suppliers understand neodymium oxide, praseodymium with ticket prices at 33.5-34 yuan / ton.

Europium, terbium market , europium oxide on the market today with a ticket price was essentially flat with last week , the market was light , quoted at 4.7 million yuan / ton , the recent few transactions . Terbium oxide has traders quoted at 380 yuan / ton , more than a few days ago down 10 yuan / ton.

Gadolinium products market , the recent prices remain weak shocks, there Ganzhou reflect regional traders with ticket prices have dropped to 175,000 yuan / ton , according to other manufacturers reflect gadolinium oxide prices are still 180,000 yuan / ton, and unchanged from the previous two days , gadolinium iron temporarily maintain the market price of 19 yuan / ton.


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