SHENG TANG KUANG WU CAI LIAO

盛唐矿物材料

WeChat

Mobile terminal

Copyright © Guangxi Fusui Tang Mineral Materials Co., Ltd.

powerd by 300.cn   桂ICP备07008168号

Guangxi Fusui Tang Mineral Materials Co., Ltd.

Address: Fuliang Village, Changping Town, Fusui County, Guangxi Province

Tel:0771-7500985    Administrative

Fax:0771-7500985   Sales

Mailbox:gxst198@163.com

>
>
>
Baotou steel rare earth began to carry out enterprise reserves state storage methods controversial
Company news
Staff Corner
Industry news

Baotou steel rare earth began to carry out enterprise reserves state storage methods controversial

Classification:
News
Author:
Source:
2010/05/29 14:20
[Abstract]:
China's ministry of land and resources recently organized a seminar for experts on the country's strategic reserves of mineral resources, saying that it will soon launch a study on the implementation of the strategic reserves of mineral resources, and that the first batch of pilot reserves of mineral resources will focus on coal and rare earth resources.

China's ministry of land and resources recently organized a seminar for experts on the country's strategic reserves of mineral resources, saying that it will soon launch a study on the implementation of the strategic reserves of mineral resources, and that the first batch of pilot reserves of mineral resources will focus on coal and rare earth resources. Experts say there is still a dispute over how to store the reserves, with the two sides arguing over whether to store concentrate or finished products. On the other hand, as China's leading rare earth enterprise, baotou steel rare earth (600111) has begun to carry out enterprise reserves.

 

Reserve 300,000 tons of concentrate, 80,000 tons of oxide

 

"As far as we know, the company has started stockpiling rare earths since April this year." According to a researcher who declined to be named, baotou steel's rare earth concentrator has a production capacity of 250,000 tons per year, or about 100,000 tons per year for rare earth oxides. The company's foreign sales of concentrate oxide is 55,000 to 60,000 tons, the surplus part into the concentrate reserve project.

 

Baotou rare earth plans to store 300,000 tons of concentrate over five years and spend 3 billion yuan to store 80,000 tons of oxide over 2-3 years. Baotou rare earth will apply for interest subsidy for the concentrate reserve, while the interest of the oxide reserve fund will be Shared by the Inner Mongolia autonomous region government, baotou city government and baotou steel group.

 

Analysts believe that the company's storage action is standing in the market Angle. In April it was reported that molycorp, America's only rare-earth miner, planned to raise $500m to restart its yamaguchi mine in California. The mine, once the world's largest producer of rare earths, has been abandoned for decades.

 

"The acquisition and storage of rare earth minerals at baotou iron & steel group co. Analysts said that, spurred by the rising price of rare earths this year, more and more capital at home and abroad began to pay attention to the development of rare earth mining industry, which is bound to affect the price of rare earths in the future. Baotou steel's rare earth reserve plan at this time can be regarded as a "reservoir" to control global rare earth prices. Once the price of rare earth rises too much, it will be sold and stored, and the price will always be controlled at the critical point of the benefits of foreign rare earth mining.

 

The mode of state reserve is controversial

 

As for state stockpiles, they don't appear to have been discussed at the government level until recently. According to the China securities journal reporter know, as early as last year, led by the ministry of the rare earth industry development policy (draft) "includes: in baotou baiyun obo should strengthen comprehensive utilization of resources, solution of tailings of rare earth resources protection and radioactive pollution protection problems, such as, limit the east mine and the main mineral resources exploration, do well in the reserve of rare earth resources.

 

However, after more than half a year, not only the policy on rare earth reserves has not been finalized, but also the policy on industrial development of the rare earth industry (draft) has not been finalized.

 

"There is still a lot of debate in the industry about how to do this, and it may be difficult to make any progress in the short term." A baotou expert involved in the policy discussions on rare earth reserves said that although it is recognized as a strategic resource, whether to reserve concentrate or reserve oxide is now a matter of debate in the industry.

 

According to the above experts, since the rare earth resources in baotou are associated with iron ore, it is inevitable to separate out the rare earth minerals while mining the iron ore resources. Therefore, it is necessary to reserve these byproducts. He does not agree with the idea that the state reserves rare earth oxides, which are extracted and refined into concentrate, for production. "Instead of stockpiling oxides, or even rare earth metals, it's better not to produce them at all." The expert believes that the acquisition and storage of rare earth oxides meet the needs of individual enterprises, rather than national strategic needs.

 

It is understood that due to the large variety of rare earths, there are still great disputes between the north and south rare earth enterprises and experts on all sides over the variety and quantity of rare earths stored by the state, as well as the storage methods described above. It will be difficult for the state to carry out the storage of rare earth products in the short term.