MIIT behind integration of rare earth giant

The market has been concerned about the large rare earth group finally made ​​new progress , the reporter learned from the Ministry of Industry , the Department recently held a special rare earth companies will set up a large group , and plan to further strengthen the rare earth industry mergers and acquisitions and rectification .

Due to the impact of the spot market price correction , rare earth stocks may enjoy the short-term dividend policy , systematic opportunities need to wait to pick up rare earth prices effectively .

Reporters from the website of the Ministry informed that on January 8 , the Ministry convened departments held a formation of large rare earth enterprises Group special meeting in Beijing to convey the State Department study reinforces the spirit of the rare earth industry, the management of a special meeting , and plan to further strengthen the rare earth industry, mergers and acquisitions, rectification and so on. The most concern is that the meeting is not only " the formation of large rare earth enterprises Group guidelines ( draft)" were discussed, but also to express its support to include Guangdong , including six rare earth enterprises set up large rare earth group .

Promote the formation of large groups

MIIT said that the meeting on the 8th of study and implement the spirit of a special meeting of the State Council of rare earth to support large-scale enterprise group established to further strengthen the management of the rare earth industry and " the formation of large rare earth enterprises Group guidelines ( draft)" were discussed.

In the " Several Opinions of the State Council on promoting the sustainable and healthy development of rare earth industry ," issued more than two years , the basic completion of the document presents the main tasks , the basic realization of the " with 1 to 2 years, to establish orderly the rare earth resource development , smelting separation and market order flow , the initial establishment of a unified , standardized and efficient rare earth industry management system " milestones . According to market laws of survival of the fittest , has been basically formed Baotou Steel Group , China Minmetals , Chinalco , Guangdong earth, Ganzhou Rare Earth and Xiamen Tungsten and other six companies led industry development pattern.

MIIT said the next step will be the flow, business-oriented , diversified investment , remove institutional obstacles , grasp this opportunity to promote mergers and acquisitions. Key support for this six companies were led to further promote mergers and acquisitions , formation of large rare earth enterprise groups.

Rare earth prices continued to decline

It is worth noting that, in the secondary market , due to the presence of large national reserve of rare earth group formation and expected transaction prices of rare earth stocks staged from time to time , but overall still in the doldrums this year . However, industry sources said , the current spot market price of rare earth continued to decline , is not conducive to a sustained rebound in rare earth stocks, short-term opportunities and events mainly from the policy side stimulation .

Analysts also said the giant Guoxian affected by illegal social stock sell-off and lower demand for off-season this year, January 5th week, the severity of rare earth oxide prices fell 1.73% and 3.42 %, respectively , primarily heavy rare earth oxide ore price ratio fell to 0.96 , the current point in time prices, heavy rare earth smelting session will comprehensive loss . However, he believes that as the future of the national reserve of rare earth stocks have been digested , the probability of large price increases .


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