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Zhao Shuanglian, vice chairman of the Inner Mongolia Autonomous Region, revealed at the press conference of the State Council Office held yesterday that Inner Mongolia is negotiating with the relevant state departments to establish a rare earth reserve system, so that the price of rare earth can be more stable. He also said that the integration of the rare earth industry in western China was basically completed with Baotou Steel Rare Earth Group as the leader.
Industry mergers and acquisitions have achieved initial results
It is understood that through integration, Baotou Steel Rare Earth has basically formed a complete industrial chain running through the upstream and downstream. Yan Haiming, a researcher at Bohai Securities, told reporters that the large-scale rare earth industry group company in the north, which is centered on Baotou Steel Rare Earth, has taken shape. At present, Baotou Steel Rare Earth has strong control over rare earth resources in Inner Mongolia and has occupied a monopoly position. “More than 90% of the rare earth resources in northern China come from the Baiyun Obo mine in Baotou. The group company has already mastered 95% of the mining resources in Baotou. In addition, due to the agreement, Baotou Steel Rare Earth purchases the strong magnetic ore after the iron selection of Baotou Steel Group. Tailings, so the cost is very low."
According to Qi Haiming, in the past, Baotou Steel's rare earth was mainly in the mining industry, and the mineral processing capacity was not strong. The company sold the rare earth mine directly to the downstream processing plant for processing. In order to improve the industrial chain, the company has been acquiring downstream processing enterprises in recent years. “Today, 80% of the local processing companies have been incorporated into the company. The remaining 20% ​​of the processing companies are only commissioned by the processing model, and the finished products are returned to the company.â€
In addition to vigorously acquiring downstream processing enterprises, Baotou Steel Rare Earth also changed its sales model to further improve the industrial chain. Baotou Steel Rare Earth International Trading Co., Ltd., a 67%-owned company with a registered capital of 700 million yuan, has started operations. In addition, the 300,000 tons rare earth concentrate reservoir project under construction by the company will be completed within 5 years. This will greatly enhance the value of the company's resources and effectively control the market for rare earths. The company also plans to achieve a future production of NdFeB by 30,000 tons/year through acquisitions and other means, accounting for about 50% of the national output.
Yan Haiming said that the continuous improvement of the industrial chain will further extend the company's resource control of the rare earth industry, which will have an important impact on the development of the company and the entire northern rare earth industry.
Establish a stable price system
Zhao Shuanglian, vice chairman of the Inner Mongolia Autonomous Region, said yesterday that he is looking forward to the establishment of a rare earth reserve system, revealing the demand for the rare earth industry – the stable price.
Although Baotou Steel Rare Earth controls a large amount of rare earth resources, the days are not good. In the middle of 2009, the company's operating income fell 30.01%, and the net profit attributable to shareholders of listed companies fell 127.19%, with a loss of 67 million yuan, the first time since 2006, the loss of the interim report. Yan Haiming analyzed that in the first half of the year, the price of rare earth oxides was at a historically low level, which led to a sharp drop in the gross profit of the company's rare earth oxide products. According to some industry insiders, "gold sells potato prices."
In order to stabilize prices, the establishment of a rare earth reserve mechanism has become a top priority. Qi Haiming revealed to reporters that in fact, the government of the autonomous region had previously allocated a portion of the funds for rare earth reserves, but it was helpless and the effect of price regulation was not obvious. The autonomous regional government proposed to establish a rare earth reserve system at the national level, which is justified.
According to reports, with the continuous development of the rare earth industry in recent years, China has become a global rare earth country, with annual output of rare earth accounting for 80% of the world. However, due to the failure to keep up with the supervision, the production capacity was distracted and the consumption was severe. Qi Haiming said: "In fact, the price of rare earth products in China has considerable room for growth. If the price of our rare earth products doubles, the value of rare earth mining will be available abroad."
In addition, the country is stepping up the development of relevant industrial policies. It is reported that the "Rare Earth Industry Development Special Plan (2009 to 2015)" and "Rare Earth Industry Development Policy" will be introduced soon. Peng Bo, a researcher at Guosen Securities, believes that strict supervision of the orderly and healthy development of the industry from the national level will change the current industry's indiscriminate mining and make China truly have the international pricing power of the rare earth industry. At that time, the industry leader Baotou Steel Rare Earth will also benefit.
Industry mergers and acquisitions have achieved initial results
It is understood that through integration, Baotou Steel Rare Earth has basically formed a complete industrial chain running through the upstream and downstream. Yan Haiming, a researcher at Bohai Securities, told reporters that the large-scale rare earth industry group company in the north, which is centered on Baotou Steel Rare Earth, has taken shape. At present, Baotou Steel Rare Earth has strong control over rare earth resources in Inner Mongolia and has occupied a monopoly position. “More than 90% of the rare earth resources in northern China come from the Baiyun Obo mine in Baotou. The group company has already mastered 95% of the mining resources in Baotou. In addition, due to the agreement, Baotou Steel Rare Earth purchases the strong magnetic ore after the iron selection of Baotou Steel Group. Tailings, so the cost is very low."
According to Qi Haiming, in the past, Baotou Steel's rare earth was mainly in the mining industry, and the mineral processing capacity was not strong. The company sold the rare earth mine directly to the downstream processing plant for processing. In order to improve the industrial chain, the company has been acquiring downstream processing enterprises in recent years. “Today, 80% of the local processing companies have been incorporated into the company. The remaining 20% ​​of the processing companies are only commissioned by the processing model, and the finished products are returned to the company.â€
In addition to vigorously acquiring downstream processing enterprises, Baotou Steel Rare Earth also changed its sales model to further improve the industrial chain. Baotou Steel Rare Earth International Trading Co., Ltd., a 67%-owned company with a registered capital of 700 million yuan, has started operations. In addition, the 300,000 tons rare earth concentrate reservoir project under construction by the company will be completed within 5 years. This will greatly enhance the value of the company's resources and effectively control the market for rare earths. The company also plans to achieve a future production of NdFeB by 30,000 tons/year through acquisitions and other means, accounting for about 50% of the national output.
Yan Haiming said that the continuous improvement of the industrial chain will further extend the company's resource control of the rare earth industry, which will have an important impact on the development of the company and the entire northern rare earth industry.
Establish a stable price system
Zhao Shuanglian, vice chairman of the Inner Mongolia Autonomous Region, said yesterday that he is looking forward to the establishment of a rare earth reserve system, revealing the demand for the rare earth industry – the stable price.
Although Baotou Steel Rare Earth controls a large amount of rare earth resources, the days are not good. In the middle of 2009, the company's operating income fell 30.01%, and the net profit attributable to shareholders of listed companies fell 127.19%, with a loss of 67 million yuan, the first time since 2006, the loss of the interim report. Yan Haiming analyzed that in the first half of the year, the price of rare earth oxides was at a historically low level, which led to a sharp drop in the gross profit of the company's rare earth oxide products. According to some industry insiders, "gold sells potato prices."
In order to stabilize prices, the establishment of a rare earth reserve mechanism has become a top priority. Qi Haiming revealed to reporters that in fact, the government of the autonomous region had previously allocated a portion of the funds for rare earth reserves, but it was helpless and the effect of price regulation was not obvious. The autonomous regional government proposed to establish a rare earth reserve system at the national level, which is justified.
According to reports, with the continuous development of the rare earth industry in recent years, China has become a global rare earth country, with annual output of rare earth accounting for 80% of the world. However, due to the failure to keep up with the supervision, the production capacity was distracted and the consumption was severe. Qi Haiming said: "In fact, the price of rare earth products in China has considerable room for growth. If the price of our rare earth products doubles, the value of rare earth mining will be available abroad."
In addition, the country is stepping up the development of relevant industrial policies. It is reported that the "Rare Earth Industry Development Special Plan (2009 to 2015)" and "Rare Earth Industry Development Policy" will be introduced soon. Peng Bo, a researcher at Guosen Securities, believes that strict supervision of the orderly and healthy development of the industry from the national level will change the current industry's indiscriminate mining and make China truly have the international pricing power of the rare earth industry. At that time, the industry leader Baotou Steel Rare Earth will also benefit.
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