China to Cap Rare Earth Production at 93,800 Tonnes in 2013: Ministry
Published: September 6, 2013 at 8:24 AM ET
BEIJING — China will cap rare earth production at 93,800 tonnes over the whole of 2013 as part of efforts to rein in unlicensed production in the sector, the country's land and resources ministry said on Friday.
"Meanwhile, during the first half of this year , 32 listed companies in the sum of 38.7 billion yuan accounts receivable , rose 30.12% . Among them, the highest for the accounts receivable Xugong , amounting to 20.453 billion yuan , an increase of about 27% . In addition, Minmetals Development , the color of shares , Baotou Steel Rare Earth and Xiamen Tungsten and other company's accounts receivable were more than 4 billion yuan .
Rare earth prices for the second half of this year , analysts predicted that " there is certainly room to rise, but at the end of the pressure is still very large . Concern earth litigation before the end of the year may shape the outcome , the larger the probability of losing , the outcome China abolished the quota policy is rare , rare earth open supply , the government can not constrain export behavior of enterprises , so enterprises competing prices is difficult to avoid ." "
""Short term , the Government's determination evident in the long run , the market still need to follow institutional management constraints in 2012 so that the pressure of the international market , policy control can not have much time , this is short-term intensive introduction and strict enforcement policy reasons the current mandatory policy instruments is undoubtedly lay the foundation for the later operation of the market , such as the integration of large groups such as industry adjustment is the most direct and efficient means of industry consolidation form despite obvious, but there are still specific implementation of multi-stakeholder regulation problems, future Although a clear pattern of rare earth market , but big business responsibility . " there are industry analysts said .
So, for the enterprise, the campaign will form positive it ?
In this regard, the reporter contacted yesterday, several rare earth enterprises have said that special rectification actions favorable to the industry is not in doubt , it is a good thing for the raw materials companies , after all, "black ore " less, rare earth prices go up, companies are also favorable be a plan.
But it is worth noting that reporters , rare earth permanent magnet plate listed companies in the amount of inventories and receivables are still high.
Among them, the first half of this year , 32 rare earth stocks of inventories sum of 47.84 billion yuan , an increase in inventories of the Company 9 . Among them, Minmetals Development of inventories amounted to 12.254 billion yuan among the rare earth sector leader, Baotou Steel Rare Earth inventories to 7.474 billion yuan in second place, XCMG , Xiamen Tungsten and the color of shares in third , fourth, fifth position."
""Before , although there have been many times campaigns , however, have always been region-based , and not focus on action , but from this year, the government introduced the relevant planning point of view, rectification action has been expanded from a regional to a national level , which would also benefit from the source control RE ' black ' chain . " the industry source said.
Market participants believe that the special rectification actions to carry out in the short term the market will result in a significant decline in the supply of rare earth , rare earth prices will form some support. Along with that, nationwide fight against rare " black " chain action unfolds, rare earth prices also rebounded , relevant data show that some rare earth prices soared almost half past two months .
September 4 , the core of the application of rare earth magnetic materials market, neodymium oxide, praseodymium market price of 355,000 yuan insurance -36.5 yuan / ton , compared with the lowest price in mid-June for the year to 25 yuan / ton rose to 42% -46 % .
In addition to rare earth prices, some analysts said that with rare special rectification action unfolds, industry restructuring is also the climax of the current policy orientation is to build a large Rare Earth Group , which for the rare earth industry, the future market structure and laid a clear foundation , a large corporate mergers and acquisitions have also entered a new stage.
Stimulate the integration of large enterprises
With industry consolidation progresses, industry refining capacity is expected to scale down separation , not only that, resource recycling sectors are also expected to enter the track through the wind."
"Damulakai national remediation activities
Since the early earth resource prices did not reflect , after a surge , the rare-earth prices, the market is extremely unstable , intensive period of overheated investment policies , the market overreacted , which is not conducive to the sustainable development of the industry , which, 8 May 26 morning, Minister of Land , party secretary , the State Land Chief Inspector Jiang Daming chaired the 11th meeting of the Ministers office will be considered and approved in principle the " MLR issued in the year 2013 rare earth ore mining tungsten ore antimony total control targets , "which established the country this year will remain unchanged total ionic rare earth mining , while modest increases in rock and mineral type rare earth mining index .
As China's important strategic rare earth resources , in order to protect resources and the environment , China has been on the earth "black" crackdown chain are strong, but driven by profits , free outside the scope of the regulatory rare "black" industrial chain repeated, not only a waste of resources to form invisible , but also caused serious damage to the environment , but also to the integration of China's rare earth resources has brought many difficulties.
Baotou Rare Earth , held in August on the forum , China Rare Earth Association Secretary Ma Rongzhang had anxiously said that at present the country illegally rare earth production capacity is close to the sum of legitimate businesses . In 2012 , for example, the South of heavy rare earth minerals total of 13,400 tons of mandatory plans . But according to Rare Earth Industry Association statistics, in the South mine in 2012 to produce at least 3.7 million tons, which can launch the South smelting enterprises ionic mineral separation , 70% of unknown origin."
"It is reported that the rare-earth objects remediation , including not only Baotou , Ganzhou , Guangdong and other rare minerals separation of rare earth mining and smelting enterprises, some of Shanghai , Beijing and other rare-earth trading companies are also the scope of the examination , a total of 1594 . But it is worth noting that reporters , rare earth permanent magnet plate listed companies in the amount of inventories and receivables are still high.
SMM Network News: Recently, there is news that the Ministry is preparing a " special invoices " as a clue, the domestic involving rare earth mining, smelting and separation and trading enterprise for large-scale special investigation , registered one by one , and according to the spread situation created earth management " black list " and categorized for management, to establish long-term regulatory mechanism .
It is reported that the rare-earth objects remediation , including not only Baotou , Ganzhou , Guangdong and other rare minerals separation of rare earth mining and smelting enterprises, some of Shanghai , Beijing and other rare-earth trading companies are also the scope of the examination , a total of 1594 .
Affected by this news , Sept. 4 , A-share market in rare earth stocks collectively rose, which Yinrun investment limit ; Hengdian East magnetic , Tibet's development and Rising colored or surpassed 4% , and the remaining stocks, in addition to East China Science and Technology , Ruiling shares of five stocks fell over 0.1% , the remaining stocks rose in varying degrees .
In this regard, there are unnamed insiders to the "Securities Daily" reporters said: "This action is August 7th day laborers letter eight ministries jointly issued a decision on the rare earth mining , production, circulation of illegal activities for a period of three month special action to combat prelude to subsequent or greater action . "
Google translate following Chinese original:
2013-09-05 10:26:06 信息来源：证券日报