The integration of rare earth industry, which has long been concerned by the market, has finally made substantial progress.
On December 22 China Minmetals Rare Earth Co.Ltd(000831) (000831), it was announced that the company received a notice from China Minmetals Group Co., Ltd. (hereinafter referred to as “China Minmetals”) and agreed to Aluminum Corporation Of China Limited(601600) Group Co., Ltd. (hereinafter referred to as “Chinalco”), China Minmetals Ganzhou Municipal People’s government carried out the strategic reorganization of relevant rare earth assets.
According to the announcement, Chinalco holds the equity of China rare earth Co., Ltd., the equity of China Minmetals Rare Earth Co.Ltd(000831) and China Minmetals Rare Earth Co.Ltd(000831) Group Co., Ltd. held by Minmetals, and the equity of China Southern rare earth group Co., Ltd., Jiangxi Ganzhou rare metal Exchange Co., Ltd. held by Ganzhou rare earth group Co., Ltd. and its affiliated enterprises The overall equity of Ganzhou Zhonglan rare earth new material technology Co., Ltd. is transferred to the new company controlled by the SASAC of the State Council.
After this reorganization, China Minmetals Rare Earth Co.Ltd(000831) controlling shareholder is still China Minmetals Rare Earth Co.Ltd(000831) Group Co., Ltd., and the actual controller will be changed from China Minmetals to a new company.
Recently, the news about promoting the development of rare earth industry has come out frequently, making the rare earth industry a hot spot in the market again. On December 20, Innuovo Technology Co.Ltd(000795) , Shanghai Prosolar Resources Development Co.Ltd(600193) limit and Lizhong Sitong Light Alloys Group Co.Ltd(300428) rose nearly 10% in the rare earth permanent magnet plate of the A-share market.
On the news side, the 13th China Baotou · rare earth industry forum was held in Baotou on December 20. Chang Guowu, deputy director of the raw materials industry department of the Ministry of industry and information technology, said that he supported rare earth group and others to take the lead in establishing an innovative consortium, appropriately and orderly put in rare earth exploration rights and mining rights, and further improve the management of Rare Earth total amount control indicators.
Previously, on December 19, China Northern Rare Earth (Group) High-Tech Co.Ltd(600111) also announced that the company and China rare earth Holding Co., Ltd. (hereinafter referred to as “China rare earth”) signed the strategic cooperation framework agreement to strengthen exchanges between the two sides on the existing rare earth industry and business of China’s rare earth and carry out cooperation in Southern Mining and Northern mineral energy; The two sides cooperate on rare earth trade and deep processing, and extend the industrial chain of rare earth cooperation; The two sides maintain close communication and consultation, make full use of China rare earth overseas capital platform, revitalize their assets and improve their industrial concentration.
According to media reports, as early as October 20 this year, Peng Huagang, secretary general and spokesman of the state owned assets supervision and Administration Commission of the State Council, publicly said that he would vigorously promote the professional integration of rare earth, logistics and other fields through free transfer, paid acquisition and joint-stock cooperation, effectively enhance the competitiveness of enterprises through optimal allocation of resources, and build a world-class enterprise with global competitiveness.
In addition to the expectation of industry integration, the rare earth price has risen sharply due to the release of demand and tight supply in recent years, which has also attracted much attention in the industry.
According to the data of Shanghai Nonferrous Metals network, on December 20, among the mainstream light rare earth varieties, the average price of praseodymium and neodymium was reported at 1025000 yuan / ton; The average price of praseodymium neodymium oxide was reported at 847500 yuan / ton, an increase of more than 40% since October. Among the mainstream varieties of medium and heavy rare earths, the current average price of terbium oxide is 11050 yuan / kg, and the average price of dysprosium oxide is 2890 yuan / kg.
China Minmetals Rare Earth Co.Ltd(000831) also said on the interactive platform recently that the current rare earth commodity prices are rising steadily, and the overall situation is fluctuating upward. With the continuous change of global rare earth raw material supply pattern, the deepening of innovation driven green development requirements, the continuous strengthening of standardized governance of China’s rare earth industry and the further deepening of the understanding of resource scarcity, the rare earth industry is expected to usher in new development opportunities.
(Securities Times · e company)
