Zhitong Financial APP learned that on December 14, affected by the news that Inner Mongolia was building the world's strongest rare earth raw material base, A-share rare earth permanent magnet plate continued to rise in the afternoon. As of press time, Hengdian East Magnetic (002056.SZ) rose nearly 9%, while shares such as Sanxiang New Materials (603663.SH), Galaxy Magnet (300127.SZ), Huayang New Materials (600281.SH), Yi'an Technology (300328.SZ) and Tiantong shares (600330.SH) rose.
Inner Mongolia is building the world's strongest base of rare earth raw materials. A few days ago, the people's Government of Baotou City held a press conference in Hohhot to introduce the preparations for this year's rare Earth Industry Forum. Wu Suhai, deputy director of the Science and Technology Department of Inner Mongolia Autonomous region, said that in terms of rare earth trading, Inner Mongolia Autonomous region will build the world's largest rare earth trading center, promote the upgrading of the "rare Earth Exchange (Baotou rare Earth products Exchange)" to a national exchange, and build a rare earth industry pricing center, information center and service center. There will be opportunities for revaluation of core asset prices that have global pricing power.
Recently, there have been a lot of major events in the rare earth industry. On December 6, according to media reports, China has approved the establishment of the world's largest rare earth company. The new company, to be named China rare Earth Group, will be set up in Jiangxi Province as soon as this month and is made up of the rare earth assets of a number of state-owned enterprises, including China Minmetals, Chinalco and Ganzhou rare Earth Group.