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Recently, it was reported that SASAC’s subsidiary CIC-2 (ie, Guoxin Corporation) already holds a stake in Minmetals, and will then hold shares in China Aluminum, and will integrate the rare earth resources of these two central enterprises. An aircraft carrier of heavy rare earth.
In this regard, Chu Xuping, deputy director of the SASAC Research Bureau, told Sina Finance that the current SASAC has no action in this regard. However, the SASAC has a very clear attitude and supports central enterprises in the integration of rare earth industries. Through the joint-stock system, they can absorb local enterprises, including private enterprises, to participate in integration and increase the level of economies of scale. At the same time, Xie Weijun, deputy director of Minmetals General Office, told Sina Finance that he was unaware of the integration of China Minmetals' and Chinalco's rare earth business.
Analysts said that even though the SASAC is currently not promoting the integration of Chinalco and Minmetals' rare earth business, the SASAC's support for central enterprises to integrate and reorganize the rare earth industry indicates that the intensive development is a healthy future for the rare earth industry. The general trend of development. However, experts also emphasized that oligopoly is not necessarily a good thing for the healthy development of the rare earth industry and should introduce competition to a certain extent.
SASAC: No action to promote the integration of rare earth business in Chinalco and Minmetals
On the evening of January 9th, according to the rumors that Guoxin, a subsidiary of the SASAC, intends to reintegrate the rare earth businesses of China Aluminum and Minmetals, Chu Xuping, deputy director of the SASAC Research Bureau, told Sina Finance that the SASAC is currently There is no action in this regard, but the SASAC supports central enterprises in integrating the rare earth industry.