Rare earth of baotou steel rare earth is undoubtedly the country's most profitable enterprises. On March 27, baotou steel rare earth disclosure report, revenues of $ 11.5 billion yuan, an increase of 119%, net income of $ 3.48 billion, an increase of 363%, earnings per share of $ 2.87, rose also reached 3.63 times. Baotou steel rare earth while the profits full bowl full, current prices and environmental issues subject to certain constraints, next faces pressure on certain rare earth enterprises with foreign competition.
Rare earths are 17 elements collectively, known as "industry of monosodium glutamate", because of trace rare earth can greatly alter the properties of metal and non-metallic materials, also known as strategic resources, and national defense construction has an important role in the field of science and technology.
Baotou steel rare earth is near the world's largest rare earth ore in baiyunebo rare earth ore, 40% per cent of total world reserves, baotou steel rare earth has larger resources. In recent years, baotou steel rare earth through a series of integrated, in the markets of the North "has dominated the party". At present, baotou steel rare earth occupy a market share of about 90% in the North, only re does not include landscape in Gansu province in the North, but also the integration of baotou steel rare earth to the next target.
In 2011, increase the intensity of support for industry and management, related ministries have been supporting the publication of rare earth mining, production, environmental, export and tax policy measures. Under the impact of policies and economic boom of, downstream of the rare-earth needs more strong, promotion of rare earth product prices quickly rose in the first half, although with a sharp correction the overall economic situation in the second half, but the average price per cent is still large. So, in 2011, baotou steel rare earth revenues of $ 11.53 billion yuan, an increase of 119%, net income of $ 3.48 billion, an increase of 363%.
Shanghai nonferrous metals NET analyst Wei Chishan told reporters that rising prices from the low gradually by early 2011, 6 July reached peak prices, then began falling back down. Despite the decline in prices in the second half, but earn revenue in early profits have doubled. In addition, baotou steel rare earth 2011 acquisition of baotou, China 66.7% of the other shareholders ' equity of the company is "dress up" a lot of profits of baotou steel rare earth, reporters access to annual reports that, gorgeous in baotou operating income is $ 2.45 billion, net income of $ 460 million, accounted for 13.2% of the total net profit of baotou steel rare earth.
Baotou steel rare earth may also benefit from the integration in the future. Japanese securities Xie Aihong believed that Ministry of rare earth resources 2-3 large State-owned enterprises, from the point of view of baotou steel rare earth, country 80% of the light rare earths, and control the upstream mining and separation, it has almost total control of pricing power light rare earth. Baotou steel rare earth, re number of SMEs in China, different qualities of situation has not fundamentally changed, rare earth industry merger still has a lot of space.
"National ministries strongly into 2-3 large group of rare earth and rare earth franchise invoice system was introduced, and is beneficial to baotou steel rare earth. "Wei Chishan said.
Baotou steel rare earth profits full bowl full at the same time, also began to face certain challenges, because at this stage the lower market prices were not signs of baotou steel rare earth stocks at a high level and, secondly, baotou steel rare earth environmental problem is blamed; also, domestic policy the price gradually rises and limit export, may face the competition of rare earth resources in foreign countries in the future.
Baotou steel rare earth, since the second half of 2011, rare earth products prices continued to drop, sold for light, yet showing signs of reversal. Baotou steel rare earth stocks have been as much as $ 6 billion, an increase of 234.6%, baotou steel rare earth interpretation, April 1, 2011, the rare earth resource tax hike, leading to end of rare earth product cost increase, rare earth products price slump in the second half, sales, stock a significant increase at the end.
"Inventories increase so fast, or because the cause of the collapse in prices last year, economic recession in the second half, falling demand for rare earth. "Rivers run information Du Shuaibing, an analyst said.
"Stir after the collapse, current prices are still low, no signs, to wait until the 3rd quarter is expected to improve. "Wei Chishan told reporters.
Under Shanghai colored network market prices, on March 23 announced of rare earth weekly price, oxidation for 77,500 Yuan/tons, oxidation CE 82,500 Yuan/tons, PR ND oxides 355,000 yuan/tons, oxidation EU 7,900 Yuan/kg, oxidation dy 3,900 Yuan/kg, La CE metal 115,000 yuan/tons, PR ND metal 465,000 yuan/tons, dy Ferroalloy 3.85 million Yuan/tons, currently price basic stability.
Shanghai nonferrous metals net said, ND-Fe-b Enterprise stock raw materials, procurement to stabilize costs, number of smaller and link enterprises are more cautious, in the case of future situation remains uncertain, amount of easily increasing production, storing, procurement of goods. Therefore, didymium prices rose modestly. Actual needs of buyers is not generally buoyant, market transactions are still scarce, demands on weak current efforts to support prices.
For the future development of baotou steel rare earth also said that, with the rapid expansion of the size of the company, lack of top talent, the company independent innovation capacity, behind gradual highlighting issues such as environmental protection, could be the restriction of further development of the company.
"Because of the national environmental protection more stringent, baotou steel rare earth environmental protection facing pressure. "Wei Chishan said.
Baotou steel rare earth environmental problem restricting the development of baotou steel rare earth, reporter learned that, on December 15, 2011, the Commerce Department said the 2012 list of rare earth, declare the coke export enterprises in the first batch, including in baotou steel rare earth appeared in 21 audit companies because environmental verification without the export quotas of the first batch of applications.
Rare earth is a strategic resource, widely used in electronic technology products such as flat-screen computers, iPhone, due to reduced export quotas for rare earths, order rectification of domestic rare earth mines, rare earth products price gradually rose, United States, and Australia, and Canada, repeatedly floated the idea of mining of the last century 80 's again affected by impact and low price of rare earth in China in rare earth mines shut down.
Baotou steel rare earth, Australia and the United States as a representative of other rare earth resources, development of rare earth resources continued to make progress, international market will have new competitors emerge.
"The present international market is gradually implementing the enterprise for production, are likely to have an impact, but in the short term, this effect does not occur. "Du Shuaibing told reporters.
Wei Chishan also believed that foreign production at baotou steel rare-earth will not have an impact in the short term, as the rare earth mining is one of the more complex systems engineering, United States Australia and other countries have attached great importance to issues such as environmental protection, rare-earth industry chain will not be completed overnight, while the prices of rare earth in China because there is no environmental cost to account for enough, prices are relatively low.
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