This year, the first batch of rare earth mining and smelting indicators issued the most China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) indicators

The first batch of rare earth mining and smelting separation indicators this year were issued today. The newly established China rare earth group ranks second, second only to China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) (600111. SH).

On January 28, the website of the Ministry of industry and information technology showed that the Ministry of industry and information technology and the Ministry of natural resources issued the first batch of total control indicators for rare earth mining, smelting and separation this year to the four rare earth groups, which were 100800 tons and 97200 tons respectively.

This is 20% higher than the control indicators of the first batch of 84000 tons of mining and 81000 tons of smelting separation last year.

The Ministry of industry and information technology said that rare earths are products that the state strictly implements the total production control and management, and no unit or individual shall produce without and beyond the indicators.

This year, the receiving indicators are China rare earth group, China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) , Xiamen Tungsten Co.Ltd(600549) (600549. SH) and Guangdong rare earth group.

Among them, China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) has the largest mining volume of 60200 tons; Followed by China rare earth group, with 36900 tons. The third and fourth places are Xiamen Tungsten Co.Ltd(600549) and Guangdong rare earth group, with 2064 tons and 1620 tons respectively

source: Ministry of industry and information technology

The mineral products mined by rare earth are mainly divided into rock ore rare earth and ionic rare earth. Rock ore type rare earths are mainly light rare earths, while ionic rare earths are mainly medium and heavy rare earths.

Light rare earths mainly contain lanthanum, cerium, praseodymium, neodymium and other elements, which can be used to make automobile glass, ceramic pigments and so on; Medium heavy rare earths contain terbium, dysprosium and other elements, which can be mainly used in aerospace, national defense and so on.

In terms of classification, among the first rare earth mining indicators this year, the light rare earth mining index was 89300 tons, a year-on-year increase of 23.16%; Among them, China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) obtained about 67.41% quota, and China rare earth group obtained the remaining quota.

The mining index of medium heavy rare earth mine was 114900 tons, the same as that of the same period last year. Among them, China rare earth group obtained 67.94% quota, Xiamen Tungsten Co.Ltd(600549) and Guangdong rare earth group obtained 17.96% and 14.1% quota respectively.

In the smelting separation index, China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) has the largest amount, 53800 tons, accounting for 55.33% of the total index.

China rare earth group and Guangdong rare earth group ranked second and third, with rare earth smelting separation indexes of 34700 tons and 6400 tons respectively.

Previously, the six rare earth groups received the quota indicators. They are China rare earth group, China Minmetals Rare Earth Co.Ltd(000831) , China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) , Xiamen Tungsten Co.Ltd(600549) , China Southern rare earth group and Guangdong rare earth group.

Last December, China Rare Earth Group Co., Ltd. (hereinafter referred to as China rare earth group) was officially established.

The rare earth group consists of Chinalco group, Minmetals Group and Ganzhou rare earth group, and introduces two rare earth technology R & D enterprises such as China Steel Research Technology Group Co., Ltd. and Youyan Technology Group Co., Ltd. to be established in accordance with the principles of marketization and legalization.

The shares of China rare earth held by Chinalco, China Minmetals Rare Earth Co.Ltd(000831) , China Minmetals Rare Earth Co.Ltd(000831) Group Co., Ltd. held by Minmetals Group, and the shares of Nanfang rare earth group, Jiangxi Ganzhou rare metal Exchange Co., Ltd. and Ganzhou Zhonglan rare earth new material technology Co., Ltd. held by Ganzhou rare earth group and its affiliated enterprises will be included in the new company as a whole.

Thus, three rare earth groups, the former China rare earth group, China Minmetals Rare Earth Co.Ltd(000831) group and China Southern rare earth group, were officially merged into China rare earth group.

According to the financial report of China Central Television, the establishment of China rare earth group is an inevitable requirement to follow the historical development law of the rare earth industry, an urgent need for the green development and transformation of the rare earth industry, and an objective need for the high-quality development of the rare earth industry.

Yang Wenhua, rare earth analyst of Shanghai Nonferrous Metals network, also told the interface news reporter earlier that the reorganization of rare earth group is conducive to promoting China’s rare earth industry to accelerate the formation of a pattern of one south, one north, South heavy and North light, improve the market concentration of rare earth industry, and help realize the overall transformation and upgrading of rare earth industry.

- Advertisment -