The Ministry of Industry and Information Technology is taking the lead in studying the establishment of a national rare earth storage and storage mechanism to suppress the fluctuation of rare earth prices, and plans to establish a rare earth trading platform on this basis for companies to conduct public transactions. This is after the establishment of the rare earth industry association, the Ministry of Industry and Information Technology took the lead once again to take measures, which means that the Ministry of Industry and Information Technology strengthen the management of the rare earth industry into a substantive stage.
According to sources, the national rare earth storage and storage mechanism is under research. After further communication and research with the company, a specific plan will be formed. When the rare earth price drops to a certain price, the company will purchase and store in the market according to the requirements of the purchase and storage mechanism. When the rare earth price rises to a certain price, the company will sell rare earth according to the requirements of the purchase and storage mechanism.
In May last year, the State Council issued the "Several Opinions on Promoting the Sustainable and Sound Development of the Rare Earth Industry" and called for the establishment of a rare earth strategic reserve system that will be established in a manner that combines national reserves with corporate (commercial) reserves, physical reserves, and resources (ground) reserves. Rare earth strategic reserve.
Galaxy Securities believes that the recent rare earth prices have remained stable. Last year, rare earth prices fluctuate drastically, which is not conducive to the stable and healthy development of the rare earth industry, but also to the country's integration and regulation of the rare earth industry has brought great difficulties. After the establishment of rare earth storage and storage mechanism, the substantial fluctuation of rare earth price is expected to be suppressed, leading to a stable market price from the perspective of controlling supply and demand.
An analyst in the non-ferrous industry believes that Baotou Rare Earth had established a similar storage and storage mechanism, but when the rare earth price is high, it is difficult for companies to have the incentive to sell rare earth to stabilize the price. When the rare earth price is at a low level, the company's purchase and storage behavior has a relatively limited impact on the market price. The management of rare earths should be managed from the source to combat illegal mining practices, which will also have a stable effect on market prices.
Galaxy Securities believes that the state can conduct more supervision on trading activities through rare earth trading platforms, which will help maintain the stability of rare earth prices and reduce the phenomenon of private mining and mining.
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