Countdown to the integration of the six major rare earth groups: Minmetals won the fourth license

Abstract The rare earth integration entered the countdown. According to the previous plan of the Ministry of Industry and Information Technology, only two of the six rare earth groups designated have not yet obtained approval. On December 4th, news from China Minmetals said that it had recently received the "Office of the Ministry of Industry and Information Technology on the...
The rare earth integration entered the countdown. According to the previous plan of the Ministry of Industry and Information Technology, only two of the six rare earth groups designated have not yet obtained approval.

On December 4th, news from China Minmetals said that it had recently received a reply from the General Office of the Ministry of Industry and Information Technology on the filing of the implementation plan for the establishment of a large-scale rare earth enterprise group by China Minmetals Corporation. The principle of reply agreed to the implementation plan of China Minmetals Corporation to form a large-scale rare earth enterprise group based on Minmetals Rare Earth Group Co., Ltd., and officially filed Minmetals Rare Earth Group Co., Ltd. as a national large-scale rare earth enterprise group.

The relevant person in charge of China Minmetals said in an interview that after obtaining the record of the national large-scale rare earth enterprise group, China Minmetals will make efforts to integrate resources in the southern region and continue to promote in Hunan, Yunnan, Jiangxi, Fujian, Guangdong, Guangxi and other places. Resource development in the rare earth industry.

This also means that the “1+5” large rare earth group designed by the Ministry of Industry and Information Technology has already implemented four. So far, only Luzhou Rare Earth and Guangyu Nonferrous (55.11, 2.01, 3.79%) have not yet received formal reply.

A rare earth industry insider told reporters in the 21st Century Business Herald that although the remaining two rare earth companies have not received a reply, their formation work is also accelerating. Among them, Zhangzhou Rare Earth Group has also established a merger and acquisition working group. The “immediate mission objectives” were formulated.

"Chuzhou Rare Earth is now taking the time to take over the work of Jiangxi Guangxu, and the mergers and acquisitions of various rare earth backbone enterprises are also going on. At this stage, they are rushing to seize time." The above-mentioned insiders told the 21st Century Business Herald.

Resource competition is heating up

According to the plan issued by the Ministry of Industry and Information Technology at the beginning of this year, it is required to complete the approval of the six major rare earth groups within the year. At present, only the last month is left in full place in the six major groups.

It is worth noting that although the work of the six major rare earth groups was completed during the year, in a rare earth industry conference attended by reporters from the 21st Century Economic Report, Jia Yinsong, inspector of the Raw Materials Industry Department of the Ministry of Industry and Information Technology and Director of the National Rare Earth Office Clearly stated, "Our goal this year is to review six groups, and the formation of the work is also the current focus."

In August of this year, Baotou Steel Rare Earth and Xiamen Tungsten Industry issued two announcements successively, confirming that the plan to form the rare earth group was approved by the Ministry of Industry and Information Technology. A few days later, Chinalco also announced that its plan to form a rare earth group also passed the Ministry of Industry and Information Technology. Review.

With the three companies showing "passports", the competition between the six major rare earth groups around resource sites has also become hot, and now the participation of China Minmetals will also make the resources more violent, especially in the Yinzhou area of ​​Jiangxi.

Jiangxi Ganzhou is the region with the most medium-heavy rare earth resources in China, and it has concentrated almost all the rare earth resources in southern China.

From the "Rare Earth Prospecting Rights List" and the "Rare Earth Mining Rights List" issued by the Ministry of Land and Resources in September 2012, it shows that among the 10 rare earth prospecting certificates, Jiangxi has occupied 3, and the rest of Gansu has 2, Fujian, Guangdong, One each in Guangxi, Inner Mongolia and Sichuan. Among the total of 67 rare earth mining warrants, Jiangxi has a total of 45 in one province, and the remaining Sichuan has 7 in Fujian, 5 in Fujian, 3 in Guangdong, 2 in Yunnan, 1 in Hunan, Guangxi and Shandong.

"Now, after the addition of Minmetals, the resource integration in the South is definitely more intense than in the north. Now it depends on how the benefits are distributed. How to resolve the contradiction between the local government and the central enterprises. According to the requirements of the Ministry of Industry and Information Technology, the integration period is one year, so it is conceivable to participate. Fang is facing tremendous pressure," said the industry insiders.

According to the news confirmed by Luzhou rare earth, in order to cope with the competition of central enterprises, Luzhou Rare Earth is planning to introduce Sichuan Jinpanxi Rare Earth Group to jointly form China Luzhou Rare Earth Group. What is significant is that the latter’s major shareholder is also this time. It was excluded by the Ministry of Industry and Information Technology in the Jiangtong Group, which is outside the list of the six major rare earth groups.

Integration difficulties

Even though the six major rare earth groups are speeding up and exposing one by one, many industry insiders interviewed by 21st Century Business Herald said that when large groups are rushing to seize resources, how to deal with the current overcapacity in the rare earth industry is still Another key dilemma that it has to deal with in the future.

The continued decline in the price of rare earth products is also the key to the current malformation of the industry.

“For many years, the market of rare earths has been very unstable, showing a big ups and downs. Compared with the latest price peaks that occurred around June 2012, the prices of many rare earth products fell by nearly 70% last year, and the downturn has been so far.” China Rare Earth Zhang Anwen, deputy secretary general of the society, told reporters.

In order to solve the current industrial dilemma, Jia Yinsong said that on the basis of increasing key integration, the relevant policies formulated next will also be tilted to the six major groups, and the comprehensive utilization of rare earths will be included in the plan management of total production control. Configure the six newly formed groups.

"In the process of forming a large-scale rare earth enterprise group, China will adhere to the principles of policy guidance, government guidance, enterprise-led, diversified investment, and market operation, giving full play to the decisive role of the market in allocating resources, and comprehensively utilizing the economy and technology. , the law and the necessary administrative means, remove the obstacles of the system and mechanism, promote the merger and reorganization, and form a development model dominated by the large rare earth group as soon as possible." Jia Yinsong pointed out.

According to a data released by a third-party research institute, the global demand for rare earths is around 120,000-150,000 tons, but China's current production capacity is as high as 400,000 tons, and the actual annual output is about 200,000-300,000 tons.

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