Eight ministries and heavy regulation of private mining, multi-pronged escort rare earth industry

It was revealed that the Department of Homeland , "Combating illegal behavior rare special action " inspection team led by the Ministry of Public Security, the Ministry of Land , State Administration of Taxation jointly composed of eight departments , rare earth enterprises in Guangdong Province recently conducted spot checks. Informed sources, the Joint Inspection Unit also visit Hunan, Guangxi , Jiangxi, Fujian and other southern origin ionic rare earth enterprises to focus on checks.

Some analysts believe that , WTO preliminary ruling proceedings against China , eight ministries and organizations to combat the illegal actions of rare earth , rare earth industry will help to further purge clarify excess capacity , to resolve international market pressures.

Precision strike indiscriminate digging of private

August 2013 , eight ministries jointly issued a document "Combating rare earth mining , production, circulation of illegal activities special action program ." The source said , eight departments Rare Joint Inspection Unit of the Southern inspections is to implement action programs .

Because of widespread indiscriminate digging of private Rare , rare earth our government repeatedly to start combating the illegal action. China Rare Earth Association Deputy Secretary-General Wang iron think , compared to eight ministries of the Joint Inspection action this time is very different , mainly grabbed from the source , the whole event has a clue , a purpose .

The so-called tax invoice clue is rare . According to the inspection team leader Shi Yaoqiang introduced in the past to combat illegal behavior of rare earth passively rely on clues , and now the tax system to provide more information and support for the initiative to investigate rare illegal precise lines .

Since June 2012 the national tax system to enable RE VAT invoices , the national tax system into rare earth enterprises have more than 1600 households, of which the separation of rare earth smelting enterprises more than 400 households , trade and business enterprises more than 1,100 households.


Pronged escort rare earth industry
The eight ministries inspection operations in China under WTO preliminary ruling proceedings initiated against the background . Considering the Chinese Rare abundant . Authorities are very worried that once the WTO lawsuit against China , there is no excess of rare earth industry tariffs and export quotas , the price will be the same as before into the melee , rare return to the " cabbage price" era.

In order to cope with rare earth export policy may change , since 2013 , the relevant departments multi-pronged approach , Reorganizing our current rare earth industry policy and industrial structure , the integration of industrial chain, the upstream mining control in the hands of a small number of state-owned enterprises , to curb rampant RE smuggling . Just last week , the Ministry of rare earth group came the formation of the six program has received State Council approval. Next a series of rare earth industry brewing policies, including production quotas , mandatory plan , the new mining permits , etc., will be inclined to the overall large group of rare earth . Also rare is to combat illegal activities in the special action to clean up illegal production , integration of industrial chain.

In addition, the relevant ministries are developing " rare Management Regulations", intends to set up a joint 12 ministries and ministerial-level coordination mechanism for rare metals , rare metals designed to establish and improve the management of long-term mechanism .

Expert analysis, together with the government overwhelmed by multi- shot initiatives , is expected to overhaul the rare earth market before the chaos , help take a good long-term rare earth prices .

Reverse also rely on industry demand

Since October 2011 , rare earth prices continued to fall . In June, a strong blow in the south under the law of rare earth production capacity of news, rare earth started a wave of rebound, rebound the end of September .

Since the fourth quarter , rare good news for more regulation , why did not take advantage of the rare earth prices rise ? Analysts believe that 2011 rare earth prices skyrocketing negative impact on the downstream are still suppressed , weak demand weighed on prices rebounded .

Market research shows that in addition to the higher number of rare earth magnetics manufacturers operating rate , the small businesses operating at only three percent . As in previous years , it is currently being re-stocking period, but it is understood that this year fewer companies Dongchu stocking . Relevant sources, promote downstream applications of rare earth policy is also in the pipeline. But demand recovery will be a slow process.


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