国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Industries

Government approves rare earth conglomerates

By Wang Zhuoqiong (China Daily) Updated: 2014-08-06 07:18

Government approves rare earth conglomerates

A worker at the site of a rare earth metals mine in Nancheng county, Jiangxi province. Two major rare earth producers have been approved by the central government to become conglomerates by the end of this year in order to further consolidate the rare resources, combat smuggling and alleviate overcapacity in production. [Photo/Agencies]

The government has approved two major rare earth producers to become conglomerates by the end of this year in order to further consolidate the rare resources, combat smuggling and alleviate overcapacity in production.

Government approves rare earth conglomerates
'Status quo likely' for rare earth export quotas
Government approves rare earth conglomerates
Rare-earth firms urged to upgrade technology
Xiamen Tungsten Co Ltd and Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co have been approved by the Ministry of Industry and Information Technology to form the two rare earth groups.

Xiamen Tungsten will integrate rare earth mining, separating and manufacturing within Fujian province in the south, excluding what is owned by China Minmetals Corp by the end of 2014.

Baotou Steel will set up China North Rare Earth High Tech Co Ltd, consolidating rare earth mining, separating and processing within the Inner Mongolia autonomous region and Gansu Rare Earth Group Co Ltd in the north.

These two companies are among six groups encouraged to consolidate earlier this year. The other four groups are: China Minmetals Corp, Aluminum Corp of China, Ganzhou Rare Earth Group Co Ltd and China National Nonferrous Metals Industry Guangzhou Corp.

The founding of big groups is only the first step toward consolidation of the rare earth industry in China. Various companies face challenges in breaking regional protectionism and speeding up clearance of illegal practices and mining operations.

Rare earths are a group of minerals that have many uses in high-technology sectors such as defense and renewable energy. China supplies 90 percent of the global demand.

Du Shuaibing, an analyst at natural resources consultancy Baichuan Information, said "the move toward conglomerates signals a positive trend in the industry, as smaller enterprises have welcomed consolidation into major players to have more access to export quotas or production permits".

The result of China's appeal to the World Trade Organization over its March ruling that China had acted inconsistently with regard to export measures imposed on rare earths will be announced on Thursday.

Industry experts consider it likely that China will lose its appeal but also expect China to raise its export quota and lower tariffs by 2015.

The Baotou China Rare Earth Industry Forum is due to run from Thursday through Saturday, in Baotou, the Inner Mongolia autonomous region.

Hot Topics

Editor's Picks
...
...
肇源县| 克什克腾旗| 阿勒泰市| 集安市| 宁海县| 东台市| 吉安市| 安远县| 苏州市| 太原市| 黄陵县| 潼南县| 彭泽县| 新绛县| 姚安县| 大悟县| 岢岚县| 麟游县| 万安县| 嘉义市| 临澧县| 长海县| 绿春县| 长汀县| 吉木乃县| 神农架林区| 新化县| 辉南县| 红原县| 乌拉特后旗| 台北市| 建阳市| 德钦县| 德惠市| 三亚市| 垣曲县| 广宁县| 班玛县| 辽阳市| 汝州市| 西畴县|