State-controlled mining the amount of rare earth tungsten antimony

State-controlled mining the amount of rare earth tungsten antimony

— Both as the impact on listed companies

March 15, Land and Resources issued a notice of decision to continue on the tungsten, antimony and rare earth mineral ore mining to implement total control and management. Meanwhile, the notice said the June 30, 2011 accepted in principle, to suspend the new tungsten, antimony, and rare earth mineral exploration and mining of registration.

To put in place controlling the real target, the notice required to achieve control of target provinces to the city, to the county, to the mining enterprises, graded responsibility, and levels, and in the end of April 2010 before the index analysis and the implementation of the report Land Department. Land Department will also parts of tungsten, antimony and rare earth mining in total control of the implementation of quarterly targets were strictly examined, will organize tungsten, antimony and rare earth mining quota of total control implementation inspection.

Le vote in private that the enhancement of the status of rare-earth strategy is a prerequisite to achieve an orderly supply. China’s rare earth production accounts for more than 90% of the world, they are not given the pricing of rare earth, rare earth metal price lags far behind the other. Over the past 10 years, China rare earth industry is not a complete policy system and the implementation of adequate intensity, resulting in great loss of resources. With the last two years the Government to re-examine the value of rare earth resources, earth resources, protection efforts are being strengthened, disorderly competition is being been contained. “Fund index futures triggered counter preparations,”

Meanwhile, the New Energy and Industrial Development and introduction of rare earth industry is expected to be opportunity for the revitalization plan, the rare earth industry will take on the one hand, the explosive growth in demand while the supply situation in order to tighten the positive. We believe that with economic restructuring and adjustment of industrial structure in depth, the rare earth industry will enter a long-term business cycle, and now, now collapsed before dawn. Estimates based on historical data, earnings, valuation, can not reflect the changes facing the industry about the future high-growth high probability of the existence of logic.

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