On February 25, the Ministry of natural resources issued the total amount control index of rare earth and tungsten mining in 2022 (the first batch) according to the region. Among them, the total control indicators of rare earth and tungsten mining were 100800 tons and 63000 tons respectively, an increase of 20% and the same as the same period of last year; In terms of subregions, the corresponding indicators of Hunan, Inner Mongolia and Sichuan have increased, the corresponding indicators of Zhejiang and Anhui have decreased, and there is no change in other provinces.
Rao Wenbo, tungsten analyst of Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) ferroalloy division, said in an interview with the reporter of Securities Daily that the total control index of tungsten ore was the same as last year, indicating the current situation of China's Tungsten Concentrate Industry - supply tends to be stable and market demand gradually slows down.
The data show that the total mining control index of the first batch of tungsten concentrate (tungsten trioxide content 65%, the same below) in the province (autonomous region) in 2022 is 63000 tons, including 46890 tons of main mining index and 16110 tons of comprehensive utilization index, which are the same as that in the same period of last year. However, from a regional perspective, Zhejiang Province decreased by 48.72%, Anhui Province decreased by 62.96%, Hunan Province increased by 3.5%, and the other three provinces remained unchanged.
In this regard, Rao Wenbo analyzed and said, "Firstly, the main reason is that in order to protect and reasonably develop advantageous mineral resources, China's new production capacity and investment intensity are concentrated in the field of deep processing, and the industrial structure is continuously optimized; secondly, increasing the indicators of main production areas is beneficial to reduce ecological damage, improve the safety index and reduce accidents; finally, there are many small mines with low technical level, and the mining process can be reduced after being closed Unnecessary waste of resources can also improve economic benefits. "
In addition, the data show that the total control index of the first batch of rare earth mines in China in 2022 was 100800 tons, a year-on-year increase of 20%. Among them, the ore index of ionic rare earth (mainly medium and heavy rare earth) is 11490 tons, which is the same as that of the same period of last year; The index of rock ore type (light) rare earth ore was 89310 tons, with a year-on-year increase of 23.17%. In terms of subregions, compared with the total control indicators of the first batch of rare earth mining in 2021, Inner Mongolia and Sichuan increased by 36.44% and 2.80% respectively, and there was no change in the other seven provinces.
For the change of regional rare earth ore indicators, Wu Longkun, an analyst of rare and expensive business unit, analyzed in an interview with the reporter of Securities Daily: "Despite the increase in the total amount of rare earth mining, with the increase in the consumption of terminal neodymium, iron and boron in 2022 and the decrease in the inventory of upstream processing enterprises, the market is still tight, and the annual rare earth price is easy to rise but difficult to fall. Bayan Obo mine in Inner Mongolia has the highest reserves of light rare earth, and China's rare earth deposits have the characteristics of wide and relatively concentrated geographical distribution, so its geographical advantage is original Because it is conducive to mining and construction. "
According to the notice on Issuing the first batch of total control indicators of rare earth mining and smelting separation in 2022, the total control indicators of the first batch of rare earth mining and smelting separation were 108000 tons and 97200 tons respectively, with a year-on-year increase of 20%. Among them, the mining index of medium and heavy rare earth mines remained unchanged, and the increment came from light rare earth mines. The mining index of light rare earth mines was 89310 tons, with a year-on-year increase of 23.17%. Most of the increment came from China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) , and the mining index of China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) was 60210 tons, with a year-on-year increase of 36.44%, accounting for 67.42% of the total light rare earth mining index. Industry insiders believe that there is a corresponding relationship between the mining indicators of each region and the local rare earth group.
China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) said on the interactive platform that rare earth, as a strategic resource, is related to the national development strategy. The company focuses on the long-term development of the industry, avoids the continuous rise of raw material prices, forces the downstream application fields to reduce rare earth and remove rare earth, thus damaging the upstream and downstream industrial chain of rare earth, and the rising price of rare earth will accelerate the expansion of overseas production capacity, Increase the pressure of competition in the international market. Therefore, the company takes multiple measures to ensure supply and price stability, strictly implement the national total amount control plan, and maintain the healthy and stable development of upstream and downstream industrial chains and supply chains.
Rare earth prices have remained high this year. As of February 25, China's rare earth price index was 429.3711, up 26.38% compared with December 31, 2021.
Wu Longkun said about how to map the total control index of rare earth mining to the secondary market, "Take China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) as an example in the upstream and Beijing Zhong Ke San Huan High-Tech Co.Ltd(000970) , Ningbo Yunsheng Co.Ltd(600366) in the downstream of the secondary market For example. With the impact of macro indicators, policies, performance and other factors, the favorable policies boosted market confidence. After the year, the rising momentum and optimism of the stock market were obvious. Rare earth stocks generally rose, rare earth prices hit a new high in recent ten years, and the rare earth permanent magnet sector in the secondary market performed well. In the follow-up, we still need to wait and observe the catalytic effect of positive news such as rare earth policy. "
