Baotou Steel Rare-earth Integration of Rare Earth Difficulties

According to industry insiders, the signing of the reorganization enterprise agreement may not be completed during the year, but Baosteel's rare earth reorganization has not stopped for a moment.

Since its establishment on August 8, 2012, Baotou Rare Earth Exchange has been widely concerned by the industry and investors. Regarding the issues that have been pending and other details, a few days ago, people from the industry said that the Baotou Rare Earth Forum to be held on August 8th this year may have new information announced on the forum. All preparations for the “opening” of the exchange are in progress. The sequence is in progress.

In addition, Baosteel Rare-earth announced last year that it has not yet made new progress in integrating 12 upstream rare earth companies. In this regard, there are familiar with the rare earth industry sources said: "Baoshan Rare Earth has been doing this matter, specifically when it can sign an agreement to reorganize these companies, may not be able to complete within the year, but the reorganization has been planning." From the staff of Baotou Rare Earth, we learned that at present, the company is still conducting due diligence on 12 companies, and the company is still working hard on the idea of ​​forming a rare earth group.