Director of Guangdong State-owned assets Supervision and Administration Commission: strengthen the rare earth industry and work out the development plan of Guangdong rare earth industry

Published: Nov 2, 2021 15:48

On October 27, Li Cheng, deputy secretary and director of the Party Committee of the Provincial State-owned assets Supervision and Administration Commission, led a team to Guangsheng Group Guangdong rare Earth Group and Guangsheng Group holding listed company Guangsheng Nonferrous to investigate the development of Guangdong rare earth industry. Liu Weidong, party committee secretary and chairman of Guangsheng Group, and Chen Shengguang, deputy secretary, director and general manager of the party committee, participated in the research.

At the forum, Liu Weidong made a report on the basic situation, development advantages, work effectiveness, and next development plan of Guangdong's rare earth industry.

After listening to the report, Li Cheng fully affirmed the achievements made by Guangsheng Group in resolutely implementing the decisions and arrangements of the provincial party committee and provincial government in recent years, promoting the reform and development of Guangdong rare Earth Group and Guangsheng Nonferrous Metals, and put forward three requirements for the next step of development: first, to improve the political position and unswervingly implement the new concept of development. It is necessary to run the new development concept through the whole process and all fields of reform, development, production and management, earnestly find the cut-in point, combination point, and focus point for implementing the new development concept, constantly solve development problems, strengthen the driving force for development, and plant development advantages, so as to make a good start and take a good step for the high-quality development of Guangdong's rare earth industry during the 14th five-year Plan period. The second is to strengthen, optimize and expand the rare earth industry in Guangdong, and constantly improve the ability of industry leadership. As one of the six major rare earth groups at the national level, Guangdong rare Earth Group shoulders the strategic task of implementing the development of the national rare earth industry, and should seize the opportunity of the current new round of scientific and technological revolution and industrial reform. We should give full play to Guangdong's resources, market and technological advantages, spare no effort to promote Guangdong's rare earth industry to the high end of the value chain, enhance the supply capacity of middle and high-end rare earth products, and constantly extend the rare earth industry chain. Steadily improve the value chain. The third is to persist in the development of industry and promote the implementation of Guangdong's rare earth industry plan. It is necessary to work out the development plan of Guangdong rare earth industry according to the high standards of relevant departments, focus on the main business, focus on the management of the whole industry chain of rare earth mining, separation and application, strengthen the guarantee of factors, and promote the project to achieve results as soon as possible. enhance the staying power of the development of Guangdong's rare earth industry, further strengthen the role of raw materials in supporting the development of our province's manufacturing industry, and make new and greater contributions to promoting Guangdong to speed up the transformation from a big manufacturing province to a strong manufacturing province.

Wang Ruhai, member of the party committee and deputy general manager of Guangsheng Group, and chairman of Guangdong rare Earth Group; and the main responsible persons of Guangdong rare Earth Group and Guangsheng Nonferrous Metals participated in the research discussion, including the office of Guangsheng Group, the Department of Investment and Development, and the main responsible persons of Guangdong rare Earth Group and Guangsheng Nonferrous.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Pr-Nd Oxide and Alloy Prices Surge Amid Multiple Factors
Apr 3, 2026 11:44
Pr-Nd Oxide and Alloy Prices Surge Amid Multiple Factors
Read More
Pr-Nd Oxide and Alloy Prices Surge Amid Multiple Factors
Pr-Nd Oxide and Alloy Prices Surge Amid Multiple Factors
[SMM Rare Earth Flash] Affected by multiple factors, Pr-Nd oxide prices and Pr-Nd alloy prices surged sharply today. Pr-Nd oxide closed at 750,000-755,000 yuan, up 27,500 yuan/mt from the previous day, while Pr-Nd alloy closed at 900,000-920,000 yuan/mt, up 22,500 yuan/mt from the previous day. As of now, SMM had not learned of any transactions concluded at these prices and would continue to follow up on frontline market conditions.
Apr 3, 2026 11:44
Rare Earth Prices Surge: Neodymium Praseodymium Oxide and Gadolinium Iron See Increased Transactions
Apr 2, 2026 18:08
Rare Earth Prices Surge: Neodymium Praseodymium Oxide and Gadolinium Iron See Increased Transactions
Read More
Rare Earth Prices Surge: Neodymium Praseodymium Oxide and Gadolinium Iron See Increased Transactions
Rare Earth Prices Surge: Neodymium Praseodymium Oxide and Gadolinium Iron See Increased Transactions
[SMM Rare Earth Price Flash] As of now, driven by the rise in futures prices, neodymium praseodymium oxide has seen small-volume transactions by some traders at 730,000-740,000 yuan/mt. Driven by rising raw material prices, coupled with tender procurement of Pr-Nd alloy by major magnetic material plants, metal quotations were also raised to 900,000 yuan/mt, with actual transactions following up. The latest market quotation for gadolinium oxide was 230,000 yuan/mt, and quotations for gadolinium iron were also raised to 215,000-220,000 yuan/mt, driven by downstream tender procurement.
Apr 2, 2026 18:08
Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases [SMM Rare Earth Weekly Review]
Apr 2, 2026 16:11
Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases [SMM Rare Earth Weekly Review]
Read More
Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases [SMM Rare Earth Weekly Review]
Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases [SMM Rare Earth Weekly Review]
[SMM Rare Earth Weekly Review: Rare Earth Prices Hold Up Well, and Market Inquiry Activity Increases] The Pr-Nd oxide market as a whole continued to hold up well. Under the impact of expectations of tighter supply and pronounced fluctuations in futures prices, upstream suppliers kept raising their offers, while low-priced cargoes tightened rapidly, pushing Pr-Nd oxide prices up to 722,000-728,000 yuan/mt.
Apr 2, 2026 16:11