To be a world-class magnet supplier
"At present, the central enterprises involving rare earth business and local key provinces to accelerate the pace of mergers and reorganizations, such as Inner Mongolia, Jiangxi, Fujian, Guangdong and other places to set up a regional Rare Earth Industry Group, the relevant departments of the State will be timely approved the establishment of large-scale Rare Earth Enterprise Group. requirements for the integration of the rare earth industry in the just released guidance on corporate mergers and acquisitions to accelerate key industries, Zhu Hongren, chief engineer of the Ministry of Industry last week, made the remarks. Reporter learned that, at present, the northern rare earth industry due to the dominance of a foregone conclusion, the trends appear to compete with Southern bulls rivalry. Therefore, national large-scale enterprise group of rare earth appeared only a matter of time. It is understood that the reorganization and integration of China's rare earth industry for some time. Began in May 2011 in the north, the main producing areas of rare earth in Inner Mongolia has 35 rare earth enterprises expand the integration phase out the end of last year, the integration of leading enterprises in Inner Mongolia Baotou Steel Rare Earth (Group) Hi-Tech Co., Ltd., and left 12 The home local rare earth upstream Company signed the integration and restructuring of the Framework Agreement. By convention, the 12 companies will be free to the Baotou Steel Rare Earth to the transfer of a 51% stake in the enterprise. This means Baotou Steel Rare Earth reorganization work is nearing completion. Due to the dominance of Baotou Steel Rare Earth general manager Zhang has said publicly, to be set up in northern China Rare Earth Group to become China's first National Rare Earth Group. Baotou Steel Rare Earth Next completion of the region to integrate According to Zhang, the integration area outside of the light rare earth backbone enterprises, mainly to complete the reorganization of the northern light rare earth enterprises transregional joint, to further improve the control and the concentration of the light rare earth industry. At the same time, the rare earth industry consolidation in the South is also in progress. Currently, the hegemony of Chinalco, China Minmetals, China Nonferrous Ganzhou Rare Earth, Jiangxi Copper, Rising nonferrous metal enterprises in South owns more than 90% of the heavy rare earth production Ganzhou, while also compete will determine the trend. City SASAC Director, Ouyang Zhong said, Ganzhou rare earth mining companies on the basis of already established Ganzhou Rare Earth Group is currently pursuing the acquisition of some mining enterprises and separating enterprises mergers rare earth downstream industry chain. In addition, another rare earth of the Southern Province, Sichuan Province Development and Reform Commission of rare earth to do recently came news that the province is actively promoting the Commission by letter to the reorganization of the rare earth industry in Sichuan Province, preparations for the establishment of the rare earth industry group, the formation of 2 to 3 leading enterprises dominated of Sichuan rare earth upstream the pattern of industrial development. "Which may include Sheng rare earth and rare earth, JCC leading enterprises." Insiders frankly facing cross-regional mergers and reorganizations place to protect the interests of state-owned enterprises and private enterprises because of the emergence of different forms of ownership dispute, the rare earth industry mergers and acquisitions to achieve large group strategy is still facing some difficulties.