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Your location：The rare earth industry in the cut craze wait and
Improve industry access threshold, control the regulation of production and export quotas, the government turned on the purchasing and storage, but this is a series of moves did not change the rare earth industry is serious excess capacity, demand continues to shrink the status quo.
Good performance last year when a number of rare earth companies seeking an IPO, however, with the rare earth prices down, reduced profits, even now, without a successful landing. Sheng and rare earth, Ganzhou Rare Earth fought a backdoor listing.
Listed companies is the performance to drop. July 27, the China Rare Earth released the Pre-losing announcement expected first-half results will be significantly reduced, there will be a loss. Rising Nonferrous Metals Co., Ltd. recently announced that the company's 2012 first half net profit dropped by more than 90 percent compared with last year.
This is the portrayal of the rare earth industry this year.
Rare earth enterprises are reflected in the 4th China Baotou Rare Earth Industry Forum gap, Jiangxi, Inner Mongolia, Guangdong discontinued tide.
Original early in the second quarter, pre-industry overhaul is declared ended, the enterprise gradually re-production, the influx of orders, NdFeB production companies operating status have generally improved. However, due to end demand does not pick up, the rare earth prices continue to decline, manufacturers began to worry about the buy back will continue to decline in value, plus product prices relative to production is still high, domestic and foreign orders began to decline NdFeB enterprises cut production again. Shanghai Metals Market research data show that, in the second quarter of this year, China's 10 major rare-earth magnetic materials enterprises operating rate of about 71%.
At present, the parties are waiting for prices stable, upstream manufacturers do not want to become cheaper to sell, upstream and downstream firms are waiting to see the needs of deep processing delay did not improve. Purchasing and storage policies or rare earth exchange, take longer to bear fruit. Shanghai Metals is expected that the rare earth industry in the second half of the situation is difficult to turn for the better.
"We hope that the countries can strengthen domestic demand to stimulate and support to domestic demand for rare earth downstream active." Rising colored a certain person in charge said.
