At 10:08 am today (December 23), China Rare Earth Group Co., Ltd. (hereinafter referred to as China Rare Earth Group) was established in Ganzhou City, Jiangxi Province.
The “Daily Economic News” reporter saw at the scene that China Rare Earth Group’s plaques were hung at the gates of the government compound and the office building of Zhanggong District, Ganzhou City. The left side of the main building of the Zhanggong District Government Building is used for the office of China Rare Earth Group. On the left side of the building, there are also large characters “China Rare Earth Group”.
China Rare Earth Group has been established in Ganzhou.Picture source: every photo taken by reporter Yu Yaofeng
On the evening of December 22, Minmetals Rare Earth (000831, SZ) issued an announcement stating that after the State-owned Assets Supervision and Administration Commission of the State Council approved and approved by the State Council, China Aluminum Corporation (hereinafter referred to as “China Aluminum Group”), China Minmetals, Ganzhou City The People’s Government and others carried out a strategic reorganization of related rare earth assets and established a new company controlled by the State-owned Assets Supervision and Administration Commission of the State Council.
The medium and heavy rare earths represented by Ganzhou are one of the most important strategic resources of the country. Zhang Anwen, deputy secretary-general of the Chinese Rare Earth Society, told the “Daily Economic News” reporter that the establishment of the China Rare Earth Group is a top-level design of the country and an important strategic deployment. “It can be said that the industry has been looking forward to it for so many years.”
The largest shareholder is the State-owned Assets Supervision and Administration Commission of the State Council
The newly formed China Rare Earth Group was listed in Ganzhou, which was also the first central enterprise to settle in Jiangxi.
The office building of China Rare Earth Group is located in the government of Zhanggong District, Ganzhou City. This building is also the former government office building of Zhanggong District. In order to free up office space for China Rare Earth Group, the left half of the office building is specially used for the office of China Rare Earth Group. .
According to the announcement of Minmetals Rare Earths on the night of December 22, the State-owned Assets Supervision and Administration Commission of the State Council approved the strategic reorganization of related rare earth assets by Chinalco, China Minmetals and Ganzhou Municipal People’s Government. New holding company. The equity of China Rare Rare Earth Co., Ltd. held by Chinalco, the equity of China Minmetals Rare Earth Co., Ltd. and China Minmetals Rare Earth Group Co., Ltd. held by companies affiliated to China Minmetals, and Ganzhou Rare Earth Group Co., Ltd. and its affiliated companies The shares of China South Rare Earth Group Co., Ltd., Jiangxi Ganzhou Rare Metal Exchange Co., Ltd., and Ganzhou Zhonglan Rare Earth New Material Technology Co., Ltd. are transferred to the new company as a whole.
On December 23, the “Daily Business News” reporter saw at the scene that this new company was named China Rare Earth Group.
According to Qixinbao information, the largest shareholder of China Rare Earth Group is the State-owned Assets Supervision and Administration Commission of the State Council, holding 31.21%. Chinalco, China Minmetals Co., Ltd., and Ganzhou Rare Earth Group Co., Ltd. each hold 20.33%. Group Co., Ltd. and China Iron and Steel Research Institute Technology Group Co., Ltd. hold 3.90% of the shares.
Image source: Screenshot of Qixinbao
China Rare Earth Group has a registered capital of 100 million yuan, the chairman of the company is Ao Hong, and the director and general manager are Liu Leiyun. Public information shows that Ao Hong is the deputy secretary and director of the China Aluminum Group Party Group, and Liu Leiyun is the chairman of Minmetals Rare Earth.
China has always been the largest exporter in the global rare earth trade, and controls more than 90% of the global rare earth refining capacity.
Zhang Anwen, deputy secretary-general of the Chinese Rare Earth Society, told the reporter of “Daily Economic News” that China Rare Earth Group is mainly based on southern medium and heavy rare earth enterprises, and has many enterprises such as resource smelting and separation of rare earth materials and applications, which will benefit the upper, middle and lower reaches of southern rare earths. The healthy and sustainable development of the industrial chain.
Ganzhou Rare Earth Group Co., Ltd. (hereinafter referred to as Ganzhou Rare Earth Group) is also one of the shareholders of China Rare Earth Group in Ganzhou City, Jiangxi Province, where China Rare Earth Group is located. Ganzhou Rare Earth Group was established in November 2010 and is a large state-owned enterprise directly under the Ganzhou Municipal Government. One of the group, it owns many wholly-owned, holding and shareholding companies such as China South Rare Earth Group, Ganzhou Industrial Investment Group, Ganzhou Rare Earth Mining Co., Ltd. and so on.
Conducive to the development of the rare earth industry
Zhang Anwen said that the establishment of China Rare Earth Group is conducive to improving the utilization of my country’s medium and heavy rare earth resources, conducive to intensive management, environmental protection and ecological restoration, corporate technological progress and technological innovation, and conducive to the comprehensive integration and efficiency of rare earths in the South. Operation will gain more room for development under the dual-carbon strategy. It will also help avoid duplication of construction and investment, facilitate a more reasonable division of labor within the enterprise, and realize the complementary advantages of each participating unit, complement the shortcomings, and achieve The stated goal of a win-win situation.
Zhang Anwen, who has worked in the rare earth industry for many years, said that rare earths are an important strategic resource, especially medium and heavy rare earths, which are more in short supply and need to be protected and efficiently used. “In the future, we must pay more attention to the protection and utilization of medium and heavy rare earths so that they can play an increasingly important role in the development of high-tech industries and strategic emerging industries.” Zhang Anwen said.
The rare earth industry also has a positive and positive voice on the influence of the country’s establishment of the China Rare Earth Group on the industry, and it is generally believed that it is beneficial to the development of the entire rare earth industry.
“After the integration, industry management will become more and more standardized, which is good for the entire industry.” A veteran in the rare earth industry told reporters that the supply of rare earth resources will also become more stable.
From what he understands, the downstream demand for rare earths is currently strong, and the upstream supply is relatively rigid. “The country also hopes the healthy development of the industrial chain.”
Although this integration landed in Ganzhou, which is dominated by heavy rare earths, veterans of the rare earth industry also said that the good news behind it is not only for heavy rare earths, but also good for the entire rare earth industry.
