Rare earth integration in the north is the first to open the curtain

Baotou Steel Rare announced last night that according to the integration and elimination work plan of the rare earth upstream enterprises of the Inner Mongolia Autonomous Region Government, the company thoroughly investigated and negotiated one by one of the rare earth upstream enterprises in Inner Mongolia Autonomous Region. The company had 12 rare earth upstream enterprises and shareholders in Baotou and the autonomous region yesterday. Signed the “Rare Earth Upstream Enterprise Integration and Restructuring Framework Agreement”, stipulating that 12 enterprises and their shareholders agreed to transfer 51% of the equity of the company to Baotou Steel Rare Earth without charge.

Northern Rare Earth Group takes the first step

As early as before, the news about the framework agreement for the formation of the Northern Rare Earth Group at the end of the Baotou Steel Rare Earth will be circulated in the market. This program has been brewing for nearly three years, and it is also the first of the Northern Rare Earth Groups involved in multi-provincial rare earth enterprises. step. In August of this year, Zhang Zhong, general manager of Baotou Steel Rare Earth, revealed that the “North China Rare Earth Group Formation Plan (Draft for Comment)”, which was formulated by the Inner Mongolia Economic and Trade Commission and the enterprise, has been submitted to the Ministry of Industry and Information Technology, and the plan was also reported to the State Council. Will be approved.

Nowadays, the boots are grounded. According to the "Framework Agreement", Baotou Jinmeng Rare Earth Co., Ltd., Baotou City Junjun Rare Earth Co., Ltd., Baotou Xinyuan Rare Earth High-tech Materials Co., Ltd., Baotou Hongtianyu Rare Earth Magnetic Materials Co., Ltd., Baotou Xinye New Material Co., Ltd., Inner Mongolia Aerospace Jinxia Chemical Co., Ltd., Baotou Sanlong Rare Metal Materials Co., Ltd., Baotou Shengyou Rare Earth Co., Ltd., Baotou Damao Rare Earth Co., Ltd., Baotou Feida 12 companies and their shareholders, such as Rare Earth Co., Ltd., Wuyuan County Runze Rare Earth Co., Ltd. and Inner Mongolia Shengyilun Rare Earth Materials Co., Ltd., agreed to transfer 51% of the company's shares to Baotou Steel Rare Earth without charge. After the completion of the reorganization, Baotou Steel Rare Earth will uniformly plan the business strategy and business scope of 12 enterprises according to the development policies of the local governments of the corresponding autonomous regions and the development goals of Baotou Steel Rare Earth, and adjust the industry and product layout structure accordingly. . At the same time, Baotou Steel Rare Earth will support 12 companies in terms of talents, technology, capital, rare earth resources, mandatory production plan indicators and product export quotas.

The Framework Agreement is valid for one year. If the formal agreement cannot be signed within one year, the expiration of the Framework Agreement will automatically expire.

The industry upstream ushered in the tide of integration

This time, Baotou Steel's rare earth integration and reorganization of 12 rare earth upstream enterprises in Inner Mongolia seems to be the first step in the integration. According to Zhang Zhong’s previous statement, the North China Rare Earth Group’s formation plan is divided into three steps. The first step is to use Baotou Steel’s rare earth as the main body to realize the integration and reorganization of Inner Mongolia’s rare earth resources. The second step is to integrate key enterprises in Gansu, Sichuan and Shandong. Co-sponsored the establishment; the third step is to actively participate in the integration and reorganization of rare earths in the South.

Just in early December, a study titled “Promoting Good and Fast Development of Inner Mongolia Rare Earths”, led by Inner Mongolia Economic and Trade Commission, led by the heads of the Economic and Information Committee of Baotou City, Chifeng City and Bayannaoer City, to Jiangxi Province Intensive investigations were carried out with the rare earth industry in Fujian Province. According to the "Northern Weekend" report, the Inner Mongolia inspection team conducted a special investigation on rare earth enterprises such as Ganzhou Jidong Rare Earth Group and Fujian Changting Jinlong Rare Earth Company, and discussed issues related to the formation of rare earth groups, mergers and acquisitions in the industry. And reach a consensus: First, strengthen mutual communication and establish a contact mechanism; second, base on their respective resource bases to promote cooperation among enterprises; third, encourage enterprises to go out and make rational use of overseas resources; fourth, strengthen industrial chain extension and promote sustainable industry development of.

It is also during this period that all parts of the country began to accelerate the pace of local rare earth integration. Not only do leading companies compete for resources, but more and more rare earth companies also divide rare earth cakes by mergers and acquisitions. For example, on the 18th of December, Keliyuan issued a plan to purchase shares and raise funds for matching funds. It plans to purchase 4,796,700 shares of Cao Youmin to purchase 80% of its equity in Yiyang Hongyuan Rare Earth Co., Ltd., and will have rare earth production through the trading company. Processing capacity and export quotas. On November 27th, the Yinji Development Announcement announced that it will increase its capital by RMB 200 million to Ligang Rare Earth. Together with its original shareholders, it is committed to developing Ligang Rare Earth into one of the leading companies in the field of rare earth smelting separation, application and recycling. On September 26, the company has just signed a Letter of Intent for Cooperation with Lianyungang Ligang Rare Earth Industry Co., Ltd.

The battle between the North and the South will be more intense

According to the news of the official website of the Ministry of Land and Resources on December 13, in order to increase the protection of rare earth minerals, the national rare earth mining rights were reduced from 113 to 67. Prior to this, Jiangxi, Hunan, Inner Mongolia, Guangdong and other provinces and autonomous regions have successively established provincial-level rare earth industry groups, and gradually completed the integration of rare earths in the country. Whether it is the two old rare earth production bases in Jiangxi and Inner Mongolia, or the emerging rare earth producing areas in Guangdong, Guangxi, Fujian, Hunan, Sichuan, etc., the blueprint for the rare earth industry has been planned.

For example, the Guangdong Rare Earth Industry Group signed a framework agreement on development cooperation for rare earth industries with seven cities including Shaoguan in July this year, and then signed a strategic cooperation agreement with China Steel Research Technology Group Co., Ltd. in September. In the eyes of market participants, the "dark battle" of the North-South rare earth behind the integration will be more intense.

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