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A threshold of 20 percent of rare earth production capacity will be eliminated
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A threshold of 20 percent of rare earth production capacity will be eliminated

Classification:
News
Author:
Source:
2010/05/29 14:18
[Abstract]:
Yesterday, the ministry of industry and information technology (miit) issued a new set of entry conditions for the rare earth industry, following a series of measures including the purchase and storage of rare earths and industrial consolidation.

Yesterday, the ministry of industry and information technology (miit) issued a new set of entry conditions for the rare earth industry, following a series of measures including the purchase and storage of rare earths and industrial consolidation. According to the ministry of industry and information technology, more than 20 percent of the country's rare earth mining capacity fails to meet the entry criteria, with half of jiangxi's capacity below the threshold and few in shandong.

 

Yesterday, Shanghai and shenzhen two strong rebound, rare earth, magnetic materials plate baotou steel rare earth, north mine magnetic materials, science in the third ring limit, hengdian dongci, ningbo rhyme or rise in the forefront.

 

In terms of production layout, production scale, technology and equipment, energy consumption, comprehensive utilization of resources and environmental protection, the entry conditions set a threshold for the mining and smelting of rare earth minerals. Ministry of industry and information technology personage says, this is our country from production dimensions respect sets rare earth admittance threshold for the first time.

 

According to the conditions, the production and construction scale of light rare earth mining enterprises should not be less than 300,000 tons of ore per year; The production capacity of ion-type rare earth mining enterprises shall not be less than 3000 tons/year. The scale of smelting and separating projects using mixed rare earth ores shall not be less than 8000 tons/year; The scale of smelting and separating projects using cerium fluorocarbons should be no less than 5000 tons/year; The scale of the smelting and separation project using the southern ion-type rare earth mine shall be no less than 3000 tons/year. The scale of rare earth metal smelting project should be no less than 1500 tons/year.

 

In addition, the above types of fixed asset investment projects for the minimum capital ratio of 40%.

 

The ministry of industry and information technology (miit) said the threshold was set to stop price gouging within the industry and revive China's rare earth industry.

 

China's main rare earth production areas are: baotou, Inner Mongolia, sichuan yuniuping light rare earth resources; Ionic rare earth (medium and heavy) from guangdong and jiangxi. China now has a production capacity of around 200,000 tons of rare earths, and about 160,000 tons of rare earths are produced by enterprises that meet the requirements for market access, according to relevant sources. That means about 20% of total capacity will be eliminated. However, this will not change the current oversupply of rare earths. The ministry of land and resources recently issued "2010 tungsten antimony ore and rare earth ore mining total control index notice", rare earth mining total control index of 89,200 tons.

 

It is reported that relevant departments will conduct investment management, land supply, environmental protection examination and approval and credit financing for relevant enterprises according to the access conditions. Enterprises that fail to meet the above entry requirements shall be granted a two-year transition period. "We cannot simply expand production, but only through joint reorganization." A person close to policy making said.

 

As the only rare earth listed company, baogang rare earth is the largest light rare earth mine in China, accounting for 83% of the total resources. As a leading enterprise, baotou steel rare earth will become the beneficiaries of the new threshold. Due to a series of measures such as the acquisition and storage, since the fourth quarter of last year, baotou steel rare earth gross margin increased faster.

 

Taiyuan gangyu, zhongke sanhuan and ningbo yunsheng are rare earth downstream magnetic materials industry. But the north mine magnetic material, hengdian east magnetic material is the traditional magnetic material. Xiangcai securities research institute believes that rare earth is still surplus before 2012, but the downstream magnetic material demand will explode with the explosion of wind power equipment, consumer electronics, LED, electric vehicles and other industries demand.