China's rare earth industry association starts with the possibility of listing in October

The national-level industry association “Tsing Ding” will soon be in place, and the prototype of the China Rare Industry Association is now available.

The reporter learned from the Ministry of Industry and Information Technology on the 13th that at the preparatory work meeting for the China Rare Earth Industry Association held recently, the vice president and academician of the Chinese Academy of Engineering Gan Yong was clearly identified as the chief responsible person for the preparatory work.

It is reported that the China Rare Earth Industry Association will be established in accordance with the standards of the national first-level trade associations, and is affiliated with the Ministry of Industry and Information Technology. The association will provide rare earth companies with production guidance, market research, industry management, intermediary services, and trade friction warnings, and will play a "bridge" role in connecting companies with governments and domestic and foreign markets.

In addition, the association can also influence the key issues of the rare earth industry in the form of organizations, such as export prices and export quotas. Responsible officials from 16 key rare earth producers such as China Aluminum (601600), China Minmetals and Baotou Iron and Steel Group also attended the meeting on the same day.

In order to implement the "Several Opinions of the State Council on Accelerating the Sustainable and Sustainable Development of the Rare Earth Industry" and accelerate the establishment of the China Rare Earth Industry Association, the Ministry of Industry and Information Technology organized a preparatory work meeting for the China Rare Earth Industry Association.

At the meeting, Gan Yong put forward the next step to organize the work of the organization and recommendations, and said that it will actively promote the preparations for the association. According to the reporter’s understanding, another identity of Gan Yong is the chairman of China Steel Research Technology Group Co., Ltd. Antai Technology (000969), which is part of the group, is engaged in the research, development, design, and production of new materials and products as well as technology and production equipment. Sales of professional companies.

On July 13, the Ministry of Industry and Information Technology (Ministry of Industry and Information Technology) published a press release saying that on July 8, the Ministry of Industry and Information Technology held a preparatory work meeting for the China Rare Earth Industry Association and proposed to “promote the establishment of the China Rare Earth Industry Association as soon as possible”.

This meeting confirmed that “The Vice President and Academician of the Chinese Academy of Engineering Gan Yong is the chief person responsible for the preparation work of the China Rare Earth Industry Association”.

The China Rare Earth Industry Association has been preparing for four or five years but has not listed it yet.

On July 11, some media quoted officials from the Ministry of Industry and Information Technology as saying that the possibility of being listed in October is very high.

However, Wang Caifeng, deputy inspector of the Raw Materials Division of the former Ministry of Industry and Information Technology, who was previously responsible for the preparation of the China Rare Earth Industry Association, said that it is not expected to be so fast.

It is worth mentioning that at the time of the preparatory work meeting of the China Rare Earth Industry Association, on July 5 local time in the United States, the World Trade Organization (WTO) initially ruled that China's nine industrial raw materials restrictions on export practices were in violation. The significance of this ruling is extraordinary. The Wall Street Journal stated that the latest ruling of the WTO will pave the way for the United States and Europe to file a complaint against China on the issue of rare earths.

At the same time as the above ruling was issued, the national rare earth export work conference was held in Inner Mongolia on July 6th. Deputy Minister of Commerce of the People's Republic of China and Deputy Representative of International Trade Negotiations Zhong Shan said that the Ministry of Commerce will "continue to improve rare earth export management and supervision and inspection in accordance with relevant laws and regulations and WTO rules," and "rare earth environmental protection standards and the forthcoming industry access standards." Inclusion of qualifications for export companies."

At this time, the preparatory work conference for the China Rare Earth Industry Association was held only three days away from the national rare earth export work conference.

Those who are interested also noticed that the second batch of rare earth export quota notification in 2011 was still not issued on the 13th.

Sun Fan, an analyst at Jinyuan Securities, said yesterday that the quota should be actually issued at this time. Organizations are asking how they are still not announced.

Rare earth is a collective name for 17 elements and is considered as a key raw material for manufacturing high-tech and military products.

China's rare earth reserves account for about one-third of the world's total. It is the world's largest producer of rare earths. In the past 15 years, it has provided more than 90% of the world's rare earth output.

In recent years, China has reduced its export quota for rare earths. Since last year, Japan, the United States, and Europe have accused China of restricting rare earth exports.

Sun Fan predicts that the estimated quota will increase this year compared to last year. "But in heavy rare earth, it may not relax." According to published data, rare earth heavy rare earths are rare in other parts of the world.

Reuters reported on July 12 that the EU negotiators plan to go to China on the 14th to exert pressure on the Chinese government on rare earth exports. The meeting will be closely monitored by governments and companies in various countries that are concerned about the long-term restrictions on the export of rare metals and raw materials.