Baotou and other three regions to implement rare earth concentration franchise
2021-05-19 07:26:14
The Ministry of Homeland recently released a news that Baotou City, Inner Mongolia, Jining City, Shandong Province, and Sichuan Liangshan Yi Autonomous Prefecture have reached a consensus to implement regional rare earth concentration franchise to jointly promote the coordinated development of rare earth resource industry regions.
According to public information, Baotou, Jining, and Liangshan are important enrichment areas for light rare earth resources in China and important bases for mining, smelting, processing, and marketing. It is reported that the above-mentioned three places will also explore the establishment of rare earth mineral resources, ore type and raw material type, product type and other rare earth resources strategic reserve system as well as the establishment of national rare earth trading center for centralized trading.
In the second half of this year, Inner Mongolia has started a special rectification of rare earth resource development order. “Daily Economic News†reported earlier that Baotou Steel RE disclosed on August 10 that the company recently learned that the Inner Mongolia Autonomous Region Government has issued “on the development of rare earth resourcesâ€. The work plan for the special rectification of order." The plan is clear. By the end of 2010, the strategic resources for realizing rare earths within the autonomous region will be monopolized by Baotou Iron & Steel (Group) Co., Ltd.
It is reported that, driven by rare earth profits, the phenomenon of private excavation of rare earths has occurred from time to time, and the vicious competition among enterprises has existed for a long time. Business Society rare metal analyst Song Zhichao said that the rare earth franchise will be the future trend of the rare earth industry. "The state has previously decided that Baotou rare earth implementation of rare earth franchise is also a tentative act. If the test is successful, it will be gradually promoted in the future."
This reporter learned that at present, in the north rare earth market, Baotou Steel and its rare earths are the only ones. The Shandong rare earth franchise will be ultimately responsible for Baotou Steel Rare Earth, and Sichuan has become the site of Jiangxi Copper Industry. Implementation of the rare earth franchise in Liangshan will greatly benefit Jiangxi Copper. industry.
After the rare earth franchise, small and medium-sized rare earth companies will only be able to purchase raw materials from such large companies as Baotou Rare Earth, which will increase the cost of procurement. "If the enterprises do not have export quotas, the domestic market cannot be expanded well, and (small and medium-sized enterprises) must be eliminated." Song Zhichao said.
However, according to analysts, SMEs will benefit from the monopoly of rare earths. "At present, the quotations of rare earths are still relatively confusing. The rare earth franchise will greatly reduce the large fluctuations in domestic rare earth prices."
According to public information, Baotou, Jining, and Liangshan are important enrichment areas for light rare earth resources in China and important bases for mining, smelting, processing, and marketing. It is reported that the above-mentioned three places will also explore the establishment of rare earth mineral resources, ore type and raw material type, product type and other rare earth resources strategic reserve system as well as the establishment of national rare earth trading center for centralized trading.
In the second half of this year, Inner Mongolia has started a special rectification of rare earth resource development order. “Daily Economic News†reported earlier that Baotou Steel RE disclosed on August 10 that the company recently learned that the Inner Mongolia Autonomous Region Government has issued “on the development of rare earth resourcesâ€. The work plan for the special rectification of order." The plan is clear. By the end of 2010, the strategic resources for realizing rare earths within the autonomous region will be monopolized by Baotou Iron & Steel (Group) Co., Ltd.
It is reported that, driven by rare earth profits, the phenomenon of private excavation of rare earths has occurred from time to time, and the vicious competition among enterprises has existed for a long time. Business Society rare metal analyst Song Zhichao said that the rare earth franchise will be the future trend of the rare earth industry. "The state has previously decided that Baotou rare earth implementation of rare earth franchise is also a tentative act. If the test is successful, it will be gradually promoted in the future."
This reporter learned that at present, in the north rare earth market, Baotou Steel and its rare earths are the only ones. The Shandong rare earth franchise will be ultimately responsible for Baotou Steel Rare Earth, and Sichuan has become the site of Jiangxi Copper Industry. Implementation of the rare earth franchise in Liangshan will greatly benefit Jiangxi Copper. industry.
After the rare earth franchise, small and medium-sized rare earth companies will only be able to purchase raw materials from such large companies as Baotou Rare Earth, which will increase the cost of procurement. "If the enterprises do not have export quotas, the domestic market cannot be expanded well, and (small and medium-sized enterprises) must be eliminated." Song Zhichao said.
However, according to analysts, SMEs will benefit from the monopoly of rare earths. "At present, the quotations of rare earths are still relatively confusing. The rare earth franchise will greatly reduce the large fluctuations in domestic rare earth prices."
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