Positive at the same time consolidating the dominance of the Northern Rare Earth, Baotou Steel Rare Earth (41.51,0.00,0.00%) the integration of the eyes toward the south the heavy rare earth resources. The general manager of Inner Mongolia Baotou Steel Rare Earth (Group) Hi-Tech Company Limited, Zhang said in the Fourth China Rare Earth Forum on the 9th, the Baotou Steel Rare Earth Group is stepping up the formation of the Northern Rare Earth Corporation, while the province, 13 rare earth corporate mergers and acquisitions work is also advancing. More importantly, Baotou Steel Rare Earth are active layout to participate in the integration of the South Rare Earth, and its strategic objectives directed at the more precious value of the heavy rare earth resources.
"Last year we reported to the relevant state ministries and programs on the formation of the Northern Rare Earth Group, the program has been approved by the Inner Mongolia Autonomous Region People's Government, has been submitted to the State Council, the Inner Mongolia Autonomous Region also has been appointed by the letter of this program reported to the Ministry of Industry may soon approved, "Zhang said, soon to be established in northern China Rare Earth Group to become the first large group of rare earth. In accordance with the program, the Northern Rare Earth Group (northern China Rare Earth (Group) hi-tech Co., Ltd.) will be led by the Inner Mongolia Baotou Steel Group Company, the United Gansu Rare Earth Corporation and other northern large rare earth company jointly set up the extension to get involved in the Sichuan, Shandong and other places of rare earth enterprise integration, and unified management of the group, initially established the northern orderly rare earth resources development, smelting separation and order of market liquidity and promote the formation of the pattern of the rare earth industry dominated by large enterprises in China.
 
Zhang told reporters, Baotou Steel Rare Earth first step would be the first to integrate the Inner Mongolia Autonomous Region in the province of 13 rare earth enterprises, and guide to the lower reaches of the field of functional materials, new materials, applications to enter, under the framework of the existing management system, completion of the Inner Mongolia autonomous regions upstream business consolidation and restructuring. The second step is the integration backbone enterprises of light rare earth elements outside the province, including Sichuan, Gansu, Shandong enterprises to complete the consolidation and reorganization of northern light rare earth enterprises trans-regional, and further improve the control and the degree of concentration of light rare earth industry. "The three companies are very willing to integration with Baotou Steel Rare Earth to the light rare earth elements as the key words, this year there will be a lot of progress. Zhang said.



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