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Industry, said the rare earth industry is not yet
In early November, rare earth products usher in a rare rally, the main varieties of neodymium oxide, praseodymium, dysprosium oxide quote rises more than 20% and 10%, respectively, and other products also showed broad based market.
Analysis of the industry, rose significantly relative to last year's high prices, not yet out of the woods. Hope of recovery is sluggish international market and domestic industrial chain of "black" double whammy national industrial restructuring.
Profits fell nearly Jiucheng
Inner Mongolia Baotou Steel Rare Earth (Group) Hi-Tech Co., Ltd. report released on October 19: the third quarter of this year, the company achieved a net profit of about 1.2 billion yuan, a year-on-year decline of 89.6%.
Baotou Steel Rare Earth the performance giant drop 90% of the scene, is not the case. In South Rising colored by rare earth prices have been running low impact, performance has fallen sharply.
Inner Mongolia, a small separation of rare earth enterprises executive said: "Baotou Steel Rare Earth falling profits are so powerful enterprise scale small point, can only be shut down."
The data show that the main product prices from the fourth quarter of last year to mid-October this year, the rare earth permanent magnets are not to the half of the peak last year. Dysprosium oxide dropped as much as 73.68% 72.88% neodymium oxide decreases. Due to a serious imbalance between supply and demand, the industry is expected that the rare earth market in the year is still difficult to truly recovered.
Not only is the prices, exports decline significantly.
In recent years, the overall consideration of domestic and foreign markets, resources and environment carrying capacity as well as domestic production, China's strict control of rare earth mining and production total, simultaneous implementation about exploitation, production, consumption and export restrictions and reasonable determination of the annual export quota of rare earth total.
Customs data show exports of rare earth ore, metals and compounds 1 to September of 9967 tons, a decrease of 11.5% compared to the same period last year, less than 1/3 of the total annual quota.
Industry analysts believe that the decline in the current world economic situation, global rare earth demand decline, China's rare earth export tariffs, serious cases of smuggling of rare earth, which is also an important reason for the decline of the rare-earth exports.
The face of price declines, Baotou Steel Rare Earth resorted to Discontinued insured banner. The company decided that, since October 23, 2012, the company owned application Baotou rare earth ore roasting, smelting separation of enterprise and application of Southern rare earth mine Chonnam clad steel crystal ring, the Xinfeng Baotou new Carrier discontinued month. At the same time, the company corresponding to suspend the supply of raw materials to the roasting, smelting separation.
Unlike in previous years, this year to participate in the cut-off and protect the price of rare earth enterprise larger, broader scope. Minmetals Rare Earth, Chinalco, China Nonferrous Metal Mining Group and Jiangsu, Jiangxi, Guangdong and other places immediately announced some rare earth enterprises have ceased production capacity to shrink dramatically.
The rare earth College of Inner Mongolia University of Science and Technology Professor Zhang Yin, the Discontinued insured may be short-term help to stimulate the market active, depressed prices continue to dip. Long term, determine the actual market demand factors or downstream terminal, the current demand levels and no significant improvement, so the rare earth product prices up space and time are more limited.
Black chain hazards
Vice Minister of the Ministry of Industry Soupault held in August this year, the Fourth China Baotou Rare Earth Industry Forum, said China's rare earth industry, the long-standing pollution of the environment, destroying the ecology, smuggling crime phenomenon, last year, the Ministry of Industry, the Ministry of Land and Resources seized rare earth more than 10 smuggling cases.
The Marong Zhang, Secretary-General of the China Rare Earth Industry Association has revealed that the 2011 foreign customs statistics, the number of rare earth imports from China, 1.2 times higher than the number of export statistics of China Customs, which means that the amount of 120% of the normal exports smuggling.
October, the investigation by the State Council of rare earth rectify joint inspection teams, rare earth black industry chain has been covering mining, smelting separation, deep processing, the application of multiple aspects, from production, sales to smuggling black rare earth in several provinces, has formed a complete industrial chain.
According to the relevant responsible person said, the rectifying only in two regions of Inner Mongolia and Ningxia, a total of smashed six the black rare earth processing plants, confiscated 20,000 tons of rare earth, "the number of exports than the national year!"
According to official statistics, in 2011, 18,600 tons of our actual physical volume of exports of rare earth products. .
Black rare earth prices, severe crush legitimate producers living space, scale covert black industry chain operations, the amount of product into the market is difficult to count, disrupting legitimate businesses and government decision making managers. "Inner Mongolia Rare Earth Association a responsible person.
Rare Earth Office of the Ministry of Industry, the official said, the industrial pattern and scattered private mining excessive digging and rampant smuggling, a serious departure from the value of China's rare earth prices, scarcity of resources does not reasonably reflect the 23% of rare earth resources, China a more than 90% of the world market supply, businesses have no pricing power, rare earth once the selling price of the soil ".
It is estimated that from 2002 to 2005, the United States to produce one kilogram of rare earth environmental cost is about $ 2.8 China needs environmental costs of $ 5.6. Time, the rare earth price of $ 5.5 per kg, equivalent to a gold grade rare earth resources when cabbage prices to sell.
Relevant data show that, from 2000 to 2010, the rare earth prices 2.5 times, gold, copper, iron ore prices over the same period were up 4.4,4.1,4.8 times.
Insiders pointed out that the rare earth is an important strategic resources of non-renewable national, to increase the mining of rare earth resources in remediation efforts, acts of indiscriminate digging of private governance from the source of rare earth resources, instruction plan illegal non-corporate procurement or non-procurement of rare earth minerals behavior, purification of rare earth resources, market order.
Rare Earth restructuring long way to go
It is understood that China's rare earth reserves in the world, and rare earth resources are mainly distributed in Inner Mongolia, Shandong, Sichuan, Jiangxi, Fujian, Guangdong, Hunan and other provinces, 20 cities and prefectures.
Relevant data show that 126 original rare earth enterprises of China's rare earth industry, production capacity of about 32 million tons, far greater than the total world demand for about 12 million tons per year.
In May 2011, the State Council issued the "promote the sustained and healthy development of rare earth industry" clear, basic form a pattern of rare earth industry led to large enterprises in the future.
MIIT also issued a "rare earth industry access conditions, in terms of production scale, production technology, the energy consumption of the rare earth industry norms, 20% of the country's rare earth production capacity is expected to be eliminated. Not standard enterprise mergers and reorganizations, or shut down. Improve industry access threshold, but also conducive to the improvement of the concentration of the rare earth enterprises.
Around began to accelerate the pace of integration of the local rare earth. Has been in the past more than a year, actually considerable resistance to integration.
In fact, the Inner Mongolia Rare Earth Enterprise integration process is not smooth. Compensation standards, placement of workers, downstream converting funds, and so became the local small and medium rare earth enterprises and the government's game point.
Hunan, Inner Mongolia, Guangdong and other provinces and autonomous regions have set up a provincial Rare Earth Industry Group, the gradual completion of the integration of rare earth in the province.
But the provinces throws integration program, the program more than the province of large rare earth enterprises mainly to the strength of the central enterprises and unable to participate in the integration of local rare earth.
An authority, told reporters in the Baotou Rare Earth industry to solve the problem of rare earth and rare earth prices could be stabilized, the best way is to implement a national merger and reorganization, rather than regional restructuring.
Late last year, the Baotou Steel Rare Earth the "Northern Rare Earth (Group) Hi-Tech Co., Ltd. set up programs. Officially reported to the Commission by letter of Inner Mongolia Autonomous Region
At present, the Ministry of Industry and Information Technology, together with other relevant departments to study the formation of large-scale enterprise group of rare earth. Ministry of Industry official said, will give full play to the role of the market mechanism, strengthen coordination and guidance, and to speed up the formation of the National Large Rare Earth Enterprise Group as soon as possible to form a National Large Rare Earth Enterprise Group led the development of rare earth industry pattern.
A rare earth sector suggestions: "national integration in the rare earth industry in the process of restructuring the private sector, the same can not be excluded, let private companies to participate in equal competition."