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

Rare earth revamp to be complete by June

By Fan Feifei (China Daily) Updated: 2016-01-30 08:19

Rare earth revamp to be complete by June

[Photo/IC]

The reorganization of China's six major rare earth groups is expected to be complete by the end of June, Vice-Minister of Industry and Information Technology Xin Guobin said on Friday.

The companies' core competence "will be enhanced", he said, "through closing down factories, weeding out and transferring outdated capacity.

"All the substantive restructuring will be finished by the end of June."

He said ministry officials will also continue to implement targeted policies to support the reshuffle, and the six groups themselves will continue to improve their coordinating mechanism to further help stabilize the rare earth market.

The six companies are: China Northern Rare Earth (Group) High-tech Co Ltd, China Minmetals Corp, Aluminum Corp of China, Guangdong Rare Earth Corp, China South Rare Earth Group and Xiamen Tungsten Co Ltd.

They are being reorganized as part of a national program to adjust and optimize the country's domestic rare earth industry.

China South Rare Earth Group, Xiamen Tungsten and China Northern Rare Earth have already finished their restructuring. Among them, South Rare Earth Group is being integrated into four of the other firms, Ganzhou Rare Earth Group, Jiangxi Copper Cooperation, Jiangxi Rare Earth and Rare Metals Tungsten.

As well as the restructuring, Xin said in future China will continue exercising tight controls on rare earth mining, smelting and production quotas, and investigate and prosecute illegal and unauthorized projects.

The price of rare earths have fallen sharply due to overcapacity and illegal mining. Major global rare earth miners have been asked by governments to cut output.

Last year, the ministry announced the first batch of rare earth production quotas, which included a 52,500-ton quota for mining, and a 50,050-ton quote for smelting.

The ministry has said the country's rare earth industry is still considered strategically important within the 13th Five Year Plan (2016-20), and middle- and high-end application products are still expected to see rapid growth.

"We will establish pilot testing, industrialization and application evaluation systems related to the real earth industry, relying on public technological service platforms," said Xin.

Ding Haiyan, assistant general manager of Aluminum Corp, which is yet to complete its integration process, said the company will accelerate its plans this year, while scaling down annual output target.

Ding said: "Our rare earth output was cut by 5 to 10 percent last year."

Hot Topics

Editor's Picks
...
讷河市| 西乌珠穆沁旗| 于田县| 霍州市| 鄯善县| 沙坪坝区| 房产| 思茅市| 常宁市| 依兰县| 新河县| 九龙坡区| 民县| 赞皇县| 那曲县| 金寨县| 江孜县| 舟山市| 昆明市| 桦南县| 桑日县| 正镶白旗| 罗平县| 克山县| 美姑县| 库伦旗| 湘潭县| 元朗区| 当涂县| 德昌县| 朝阳区| 德安县| 东方市| 岳普湖县| 莱阳市| 砚山县| 承德市| 休宁县| 保靖县| 安多县| 云林县|