On September 23, Minmetals rare Earth Co., Ltd. (hereinafter referred to as "Minmetals rare Earth") issued an indicative announcement (hereinafter referred to as "announcement") on the intention of the actual controller to participate in the strategic restructuring. Minmetals rare Earth has been notified by China Minmetals Group Co., Ltd. China Aluminum Group Co., Ltd., China Minmetals Group Co., Ltd., and the people's Government of Ganzhou City are planning the strategic restructuring of related rare earth assets. The relevant plan has not yet been finalized and needs to be approved by the relevant competent authorities. This indicates that under the pattern of six major rare earth groups, China's rare earth industry will give birth to a national medium and heavy rare earth group focusing on heavy rare earth resources and separation enterprises.
Rare earths are known as industrial vitamins. Because of their excellent optical and electromagnetic properties, rare earths play an extremely important role in military industry and other fields. In recent years, in order to effectively protect and rationally utilize rare earths and other related resources, standardize the market order of the industry, and promote the sustained and healthy development of the rare earth industry, the State Council and relevant departments have issued policies one after another to support large enterprises to use capital as a link. Through alliances, mergers, restructuring and other ways, we will vigorously promote the integration of resources, speed up the implementation of the strategy of large enterprises and large groups, and strictly control access standards and total production. Significantly reduce the number of rare earth mining and smelting separation enterprises, and increase the degree of industrial concentration. Finally, China has formed a "511" rare earth pattern.
Minmetals' main business includes: rare earth oxides, rare earth metals, rare earth deep processing products management and trade; rare earth technology research and development and consulting services; research and development, production and sales of new materials; mining investment; mineral products processing, comprehensive utilization and trade. Its leading products include high purity single rare earth oxides and rare earth concentrates. The company's semi-annual report data show. In the first half of the year, Minmetals and rare earths achieved revenue of 1.574 billion yuan, up 126.53% from the same period last year, while the net profit belonging to shareholders of listed companies was 169 million yuan, up 6.47% from the same period last year.
Relevant data show that Chinalco has been laying out the rare earth industry for a long time, and its holding company, China rare rare Earth Co., Ltd., mainly engages in the development, smelting separation, deep processing and trade of rare earth mineral resources in seven provinces, including Guangxi, Jiangsu, Sichuan, Shandong, Tianjin, Henan and Guizhou. The main products are rare earth mineral products, separation products, rare earth metals, catalytic products, magnetic products and metal gallium and other 6 categories and 131 varieties, among which high-purity and ultra-high-purity rare earth materials, high-purity semiconductor materials, new rare earth alloy materials are in the international or industry leading level. China rare Earth Co., Ltd. has 9 directly subordinate secondary entity enterprises, including 5 rare earth business enterprises. They are China rare Earth (Jiangsu) rare Earth Co., Ltd., Chinalco Guangxi Nonferrous rare Earth Development Co., Ltd., China rare Earth (Sichuan) rare Earth Co., Ltd., China rare Earth (Shandong) rare Earth Co., Ltd., and China rare Earth (Shandong) Magnetic Materials Co., Ltd. There are three branches of gallium industry, which are Guangxi gallium branch, Henan gallium branch, Zunyi gallium branch, and a trading enterprise, which is China thin International Trading Co., Ltd.
Rare rare earths in China is a comprehensive rare earth enterprise group with light, medium and heavy rare earth mineral resources, smelting separation and downstream deep processing operations across many provinces (regions), and is involved in the production of gallium and the development of tungsten resources in rare metals. Under the guidance of Chinalco's development strategy of "scientifically controlling the upstream, optimizing and adjusting the middle reaches, and leapfrogging the lower reaches of development", China's rare rare earths will accelerate the market-oriented and open reform, innovate the plate management system, change the enterprise management mechanism, and lead the development of scientific and technological research and development, realize the transformation to the front end of the industrial chain-- resource mines, the high end of the value chain-- the application of new materials, and become a leading enterprise in the field of rare rare earths. It has become a rare earth industry development platform with core competitiveness of Chinalco Group.
