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China Northern Rare Earth (600111.SH): Smi Vantage's existing production line has the ability to recycle waste materials.
On July 18th, GeLong Hui reported that China Northern Rare Earth (600111.SH) recently stated during its reception of institutional investors that the company has been laying out the industry of comprehensive utilization of secondary resources. Its subsidiaries, Baotou Jinmeng Rare Earth Co., Ltd. (hereinafter referred to as Jinmeng Rare Earth) and Xinfeng Baogang Xinli Rare Earth Co., Ltd. (hereinafter referred to as Xinfeng Xinli), are engaged in waste recycling. Jinmeng Rare Earth is constructing a waste recycling production line, which is expected to be put into operation next year; Xinfeng Xinli's existing production line has the ability to recycle waste. The main recycling channels include oil sludge generated from magnet processing, scrap edges and corners cut off, and disassembled and recycled by the society.
China Northern Rare Earth (600111.SH): There is less possibility of significant fluctuations in rare earth prices in the short term.
China Northern Rare Earth (600111.SH) recently stated during a reception for institutional investors that the fluctuation of rare earth prices in the first and second quarters of this year was small. As the rare earth industry runs more and more regularly, the market is gradually becoming mature, and the possibility of significant price fluctuations in the short term is small. Although the downstream application field of the rare earth industry maintains a growth trend, the turning point of the market rebound still depends on the overall economic situation. The upstream supply of rare earths is relatively stable. If the economic situation is good and consumer demand increases, the price will change accordingly.
China Northern Rare Earth (600111.SH): The second batch of total control indicators is usually released in the third quarter.
In a recent reception for institutional investors, China Northern Rare Earth (600111.SH) stated that the total volume control indicators for the first batch of rare earth mining, smelting and separation will be issued on February 2, 2024. Judging from the notification times of the total volume control indicators for rare earths released by the Ministry of Industry and Information Technology and the Ministry of Natural Resources in recent years, the first batch of total volume control indicators are usually released in the first quarter, and the second batch of total volume control indicators are usually released in the third quarter.
China Northern Rare Earth (600111.SH): plans to cancel the maintenance service subsidiary.
On July 12th, GeLongHui reported that due to the fact that the company's affiliated maintenance service subsidiary does not have outstanding business advantages, low efficiency in asset operation, and its operating results are not as good as expected, in accordance with the deployment of state-owned enterprise reform, to promote the implementation of the company's requirements for reducing losses, accelerating the optimization and adjustment of state-owned economic layout, and further improving the quality and efficiency of the company's operations, the company intends to cancel the affiliated maintenance service subsidiary.
China Northern Rare Earth (600111.SH) plans to establish a new company to initiate the construction of the Northern Rare Earth Recycling Resource Landfill Project.
On July 12th, GLH announced that in order to accelerate the construction of the two rare earth bases, meet the needs of the company's smelting and separation enterprises for proper filling of water immersion slag in the Baotou region, and provide guarantee for the company's production and operation, after site selection, it plans to establish a wholly-owned subsidiary with self-owned capital of CNY 0.3 billion in Daerhan Maoming'an Union Banner in Baotou City, and use the subsidiary company as the main body to start construction of the Northern Rare Earth Recycling Resource Filling Project. The company's investment in this project is beneficial to better leveraging its advantages in rare earth raw material resources and providing assistance for the construction of the "two rare earth bases". After the completion of this project in its entirety,
Express News | China Northern Rare Earth Says It Plans to Invest 300 Mln Yuan to Set up Unit for Recycling Landfill Project
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