The rare earth industry group of Guangdong Province, which has received much attention from the industry, was formally established on February 27. As the first integrated rare earth industry group in the province, the establishment of this group marks the official opening of the consolidation and restructuring of China's rare earth industry, optimization of industrial structure, and transformation of development methods.

As early as May 2011, the State Council issued the "Several Opinions on Promoting the Sustainable and Healthy Development of Rare Earth Industry", proposing to speed up the implementation of the strategies for large rare earth enterprise groups, improve the management policies of rare earths, carry out special rectification of rare earths, and accelerate the advancement of industrial technology, vigorously Develop rare earth deep processing and application industries. Guangdong is the second largest province in the world for rare earth industry. In order to implement the State Council's strategic requirements for the implementation of large rare earth enterprise groups, Guangdong Province decided to set up a rare earth industry group to promote the transformation and upgrading of the rare earth industry in the province, enhance the competitiveness of the rare earth industry, strengthen the environment and Ecological protection to promote the sustainable and healthy development of the rare earth industry. After a round of governance integration, the Guangdong rare earth industry group, led by the leading company Guangsheng Company, was successfully established.

It is reported that Guangsheng Company is a state-owned large-scale mining group that is a key province under the jurisdiction of Guangdong Province and a leading enterprise in the domestic rare earth industry. It holds all the rare earth mining licenses in the province and has a rare earth smelting separation capability of over 20,000 tons. Among them, in the province has more than 10,000 tons of smelting separation capacity, accounting for more than two-thirds of the province; in Jiangxi, Inner Mongolia has nearly 10,000 tons of smelting separation capability. It has professional import and export companies and a number of technology research and development platforms, and is committed to building a rare earth deep processing industry base in South China Rare Earth Science and Technology City, and has the basis and conditions for undertaking the establishment of a rare earth industry group in Guangdong Province.

Experts in the industry pointed out that the integration and restructuring of the rare earth industry is a top priority for the Chinese rare earth industry. The establishment of the Guangdong rare earth industry group is a good news for the Chinese rare earth industry. China's rare earth production accounts for 97% of the world, but it has no pricing power, mainly because of the chaos of China's rare earth industry, and its low prices for export, resulting in the loss of pricing power. The integration of the industry makes the market supply and demand balance, not excessive confusion; industry integration is conducive to the protection of the environment, the current number of enterprises, small scale, it is difficult to control and control the pollution caused by rare earth production; industry consolidation is also conducive to the orderly development of rare earth resources.

According to statistics, due to the decades of chaos mining, China's share of rare earth reserves in the world's total reserves has dropped from around 80% to 36%.

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