Shenghe Resources: the monazite project in Lianyungang, which does not participate in the integration of rare earth groups, is expected to be completed in the first half of the year

On March 17, Shenghe Resources issued an announcement on investor research. As to whether the companies focused by institutions have plans to participate in the integration of large rare earth groups, the company responded that there are currently no plans to participate in the integration of large rare earth groups. The company's strategic positioning is to adhere to both domestic and foreign resources and two markets to promote the security and stability of the rare earth supply chain.

With regard to the market price of rare earth products, the company said that affected by the rapid development of downstream industries such as new energy vehicles, wind power, energy conservation and environmental protection, the market demand for major rare earth products is improving as a whole, and the concentration of the industry is also relatively high. it is conducive to promoting the healthy development of the rare earth industry. The Ministry of Industry and Information Technology interviewed key rare earth companies in early March. Shenghe Resources is one of the three companies interviewed. Judging from the contents of the interview, the Ministry of Industry and Information Technology hopes that the prices of major rare earth products can remain rational, avoid large fluctuations, ensure the safety and stability of the industrial chain supply chain, and promote the sound and healthy development of the rare earth industry.

In addition, the announcement also informed the company that the 1.5 million ton / year seaside sand dressing project in Lianyungang is in the process of construction and is expected to be completed in the first half of this year and formally put into operation in the second half of this year. Monazite is a very important rare earth resource. After Lianyungang mineral processing project is put into operation, the company's monazite output is expected to increase significantly.