Chalco Guangxi Nonferrous joint development of rare earth

 According to First Financial Daily reported that Chalco (601,600, stock it) Corporation (hereinafter referred to as Jiangxi Rare Earth Industry in Guangxi reached the earth after the industry.

Yuan Li, spokesman of Al yesterday told the Guangxi colored aluminum and other programs and several companies jointly set up a joint venture, of which aluminum is the majority shareholder.

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Although the specific holdings yesterday did not reveal details, but the reporter obtained a copy of Guangxi Nonferrous issued last year Short-term financing bonds prospectus shows some of the content. Guangxi colored in the development cooperation agreement. Under the agreement, the Central Institute of aluminum and a rare earth rare earth on the development of Guangxi Nonferrous Metals Group Limited (aluminum holds 50% stake in Guangxi Nonferrous holds a 40% stake, there is research holds 10% stake in Rare.

Guangxi Guangxi colored colored subsidiary of rare earth to rare earth mineral rights-based investment and development of rare earth products industry. In 2009, the acquisition of Guangxi, Guangxi region colored earth only one rare earth production enterprises, the company is the only one in Guangxi legal separation of rare earth smelting enterprises, with 3,500 tons of mixed rare earth oxide separating the production line, annual output of 1,000 tons of rare earth neodymium iron boron rare earth magnet alloy material and 3,000 tons of production capacity, can produce 12 series of nearly 40 different specifications of high-purity single rare earth oxide, rare earth neodymium iron boron permanent magnetic materials, rare earth metals and rare earth alloys. The earth is a study in 2001 by the central enterprises Beijing Nonferrous Metal Research Institute as the main sponsor, the National Engineering Research Center for Rare Earth Materials for the overall restructuring of joint-stock companies established in the application of rare earth has a strong R & D capabilities.

rare earth resources in Guangxi ranks second, the development of low level prospects. Guangxi Nonferrous that the parties will be after the reorganization of Rare Earth as a platform to build industrial park south of rare earth, rare earth and gradually formed a complete industrial chain. The first half of 2009 and 2010, Guangxi colored plates of rare earth 0.6 billion and income of 052 million yuan, gross profit was 007 million yuan and 0.13 billion yuan, gross margins were 11.67% and 25%.

aluminum in accordance with the planning, development of the next few years will be integrated rare earth industry, seeking integration of domestic resources, in pursuit of 3 to 5 varieties to achieve the first, a global leader.