Chinalco wants to reach the top of the rare earths area within 5-10 years

Chinalco plans to achieve its first and global lead in 3-5 varieties of rare earths in 5-10 years. To achieve this development strategy, the company has embarked on preparations.　　January 19, Chinalco said that the company has signed a memorandum with Guangxi Nonferrous Group, planning to jointly develop the rare earth resources in Guangxi. In addition to the integration and development of rare earths, Chinalco has announced another 7 major development strategies over the next 5-10 years, including optimizing the development of aluminum, giving priority to developing copper, leaping coal and iron ore development, actively developing engineering technology, selectively developing new industries, ensuring the defense industry and national major engineering materials supply,　　Accelerate overseas development and expand global trade.　　As you wish, Guangxi Nonferrous Aluminum Corporation spokesperson Sanli revealed that, according to the MOU signed with Guangxi, the two sides will jointly form a joint venture to jointly develop the rare earth resources in Guangxi and develop deep processing business, while Chinalco will occupy a holding position in the joint venture.　　October 21, 2010, Chinalco general manager Xiong met with the Guangxi Zhuang Autonomous Region Government chairman Ma Yi, the two sides at that time on the Sino-aluminum and Guangxi Nonferrous Metals Group jointly develop rare earth resources exchanged views. Data show that Guangxi Nonferrous Metals Holdings in Guangxi Jinyuan Rare earth Co., Ltd. 55% of the equity, Guangxi is the only rare earth mining rights of non-ferrous Metals Group. According to the development plan of Guangxi Nonferrous Metals, the group company will invest about 3 billion yuan in the technical Renovation fund, start 6 large-scale construction projects, and invest about 2.5 billion yuan for the integration of 7 non-ferrous metal resource projects inside and outside the region.　　The operation of this series of investments is likely to be completed in the future by a joint venture between Chinalco and Guangxi Nonferrous Metals Corporation. The Ministry of Land has just released the first batch of rare earth regulations, industry insiders said, in fact, in the resumption of mining rights for rare earths to prepare. And the rare earth mining area in Guangxi is likely to follow the lead of Ganzhou, is listed in the rare earth standard mining area.　　At this point, into Guangxi, Chinalco from its coveted rare earth resources seems to be a step closer. Overlooking the emerging industries of aluminum, said at present, we have initially established 8 development strategies for the next 5-10 years, including: optimize the development of aluminum, maintain the company's market leading position, increase structural adjustment and optimization, improve asset quality and profitability, build a globally competitive aluminum industry, prioritize the development of copper, the upstream development of the industrial chain, Accelerate resource acquisition and development, among the top 5 of global copper resources enterprises, to become a new pillar of corporate efficiency, integrated development of rare earths, focus on key products, to seek domestic resource integration, and strive to achieve the first in 3-5 varieties of the country, the development of coal and iron ore, and actively obtain high-quality power coal, coke and iron ore resources at home and abroad, To form a resource industry with a certain scale advantage, actively develop engineering technology, selectively develop new industries, focus on the development opportunities and develop new sources of energy, and ensure the supply of major engineering materials for the defence industry and the state, and increase the defense Forces, aerospace, rail transit and national major engineering alloy materials.Research and development production, accelerate overseas development and expand global trade. It is worth mentioning that in the 8 development strategy, Chinalco first put forward the "selective development of emerging industries" strategy, and focus on new energy and materials. Industry analysts, the aluminum in this layout is its rare rare earth plate business extension.　　At present, Chinalco has been participating in the research of rare earths, and the research of Rare earth is the new material in the field of the proposed listed companies. Chinalco also released the same day 2010 operating results, the company realized annual operating income of 200.3 billion yuan, an increase of 41% per cent, to achieve operating profit of 2.7 billion yuan. Compared with the same period in 2009, the annual growth of alumina production capacity of 29.6%, electrolytic aluminum production growth of 22.2% year-on-year, aluminum processing material growth of 31.9%, refining copper year-on-year growth of 11.9%, copper processing materials rose 17.7%.