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Rare earths stop production and insured into a consensus
The rare earth industry is not well managed. "Many people in the industry bluntly told reporters, "Now everyone can only stop production and save themselves. After last month, Baotou Steel Rare Earth and Minmetals Group's two largest rare earth enterprises announced the suspension of production in the smelting and separation process, Jiangsu Province also announced that it will enter the province-wide shutdown state, and the time limit is uncertain. Chinalco Group also announced its location. The four separation plants in Jiangsu will be phased out. Although Guangshao Nonferrous and Xiamen Tungsten said there is no clear plan to suspend production, some insiders said that it is expected that the following regions will cooperate in succession. Jiangsu Rare Earth Industry Association The notice was issued, indicating that in order to better implement the rare earth directive production plan issued by the Ministry of Industry and Information Technology and guide the stable operation of rare earth products, it is recommended that the rare earth smelting and separating enterprises above the scale in Jiangsu Province should gradually stop production in November according to their actual conditions. Rare Earth (Jiangsu) Co., Ltd. also decided that from November 1st, the four separation plants of Changzhou, Suining, Yixing and Changshu will be phased out. Zhao Pinghua, secretary general of Jiangsu Rare Earth Industry Association, said in an interview with Shanghai Securities Daily yesterday. In the week, 70%-80% of enterprises will be officially suspended. "The market is too bad, National Day After now has dropped by nearly 30 percent, we never had such a law down! Zhao Pinghua said that the harsh market environment has forced enterprises to stop production and save themselves. It is hoped that the gradual reduction of market supply will lead to a rebound in prices. At the same time, he also confirmed that enterprises in Jiangsu Province have basically used the production directives allocated this year. In 2012, Jiangsu obtained about 8,000 tons of rare earth oxide production indicators, accounting for less than 10% of the national total. In talking about the reasons for the deterioration of the market, Zhao Pinghua believes that an important factor lies in the existence of the “black industry chain.†A large number of non-commanded The smelting enterprises that plan and have no special invoices are still buying private mines. Therefore, even if the enterprises jointly implement the shutdown and insured prices, the supervisory departments still need to increase their efforts to ensure that the shut down capacity will not free the market for illegal production. The reporter also called Guangyu Nonferrous and Xiamen Tungsten Industry yesterday. The relevant companies of the two companies told reporters that they are very concerned about the suspension of production in other regions, but there is no clear plan for production suspension. Some industry commentators believe that the national coordinated production suspension should be a trend. Because if there is no regional union, some of the suspensions are not available. After the news of the suspension of production, the rare earth market has responded. According to Baichuan Information, the price of rare earth has risen slightly in recent days, the price of antimony oxide is 290-32 million yuan/ton, and some areas have been 320,000 yuan/ton. There are transactions, the price of metal bismuth is 400,000 yuan / ton, and the price of bismuth oxide is 2.5-2.6 million yuan / ton. Compared with the previous week, there is a 5%-10% increase, and the transaction volume has also increased.
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