"Shopping spree" aluminum targeting rare earths

Within a week, Chinalco (hereinafter "Chinalco") had two grand. September 21 Chinalco established Aluminum Mineral Resources Co., Ltd. was officially put into operation.　　5 days later, September 26, Chinalco and the Jiangxi Sasac initialled an agreement to increase the share capital to the Jiang Tungsten Holding group, as its controlling shareholder. "The two moves mean that Chinalco's strategic transition to international polymetallic mining companies has entered a new phase."　　"A long-term follow-up study of China Aluminum company industry insiders told reporters." The rare earth in Baotou Steel has almost monopolized the rare earth resources in the north, and the breakthrough choice of Chinalco in the field of rare earths is considered carefully in Jiangxi.　　"Some people close to Chinalco say the Rare-earth is a leading enterprise in China's rare-earth industry, supplying more than 40% of the world's rare-earth oxides and metals."　　At present, Baotou rare earth oxides and rare earth metals Unified acquisition, unified sales, control monopoly of the local 90% of oxides and rare earth gold, the North rare earths market has the absolute dominance, Chinalco involved in a few no chance of success. However, in the south of the rare earth area, Minmetals, China Nonferrous Group, Jiangxi Copper, Guangxi nonferrous, Guang Sheng Nonferrous and other enterprises of the current situation of the warlords have the opportunity to catch up.　　Access to the Southern Rare-earth area will allow Chinalco to master the more central Rare-earth resources in the future global Rare-earth market. Public data show that China's rare earth resources are mainly divided into light rare earths and medium-heavy rare earths.　　Light Rare earth resources are mainly concentrated in Baotou in the north and in Sichuan and Shandong areas, the heavy rare earth resources mainly concentrated in Jiangxi, Guangdong, Fujian, Hunan, Guangxi and other southern regions, especially Jiangxi Ganzhou.　　It is reported that the value of heavy rare earths is much higher than light rare earths, although foreign countries also have a large number of unexploited rare earth resources, but it is mainly light rare earth resources.　　Therefore, South China's central and heavy rare earth resources is undoubtedly the advantage of resources, Jiangxi is the central and heavy rare earth resources concentrated place, the Chinese aluminum industry in Jiangxi Tungsten intention is also self-evident. It is reported that Chinalco will fully support and help the Jiangxi rare earth Metal Tungsten Industry Group Co., Ltd. and other enterprises listed, and accelerate the development.　　In the next 3-5 years, in order to achieve the total revenue of the river Tungsten Holdings reached 50 billion yuan, Chinalco and its affiliated enterprises investment of not less than 10 billion yuan. "At present, the application of rare earth technology and foreign countries still have a big gap, including central enterprises, local governments to introduce central enterprises to the value of their financial strength." "A long-term tracking study of rare earth industry insiders told reporters, in order to protect local state-owned enterprises, local governments will not give up the right to rare earth mineral Resources, the central enterprise can only in the rare earth industry deep processing area, in recent years they have also been trying to PR, hope to be in the upstream of the　　They will not rule out the possibility of a certain rare earth resource in the future. Chinalco's financial immediate worries has more than once in the annual report of the development plan to emphasize the acquisition of resources, vigorously promote the company's resource strategy, multi-channel expansion of resource reserves. Even in the 20 of huge losses09, Chinalco's new chief Xiong also did not abandon resources strategy in disregard.　　September 21, Chinalco established the China Aluminum Mineral Resources Co., Ltd. officially put into operation, the company registered capital of 300 million yuan, in the next two years the group will further increase the investment in mineral resources companies to inject strength, so that its registered capital rose to 1 billion yuan. "The company's operation is more for the long-term transformation of Chinalco to do system preparation, but the recent focus of the aluminum is to ensure that this year's operating performance, improve the financial situation of the past few years, adjust the industrial structure, for the next step in a comprehensive transition to pave the way."　　"said one analyst.　　Despite a series of internal adjustments, the 2010.5 Annual report disclosed in the first half of the success of the aluminum, but the six-year profit is two quarterly results after the merger statistics, in fact, if the profit of the first quarter, two quarter in fact again appeared in the loss, seems to be a state of being. From the 2010 aluminum semi-annual report, the flow ratio of aluminum and the speed ratio of these two key data indicators are not optimistic.　　During the 2010, the ratio of the Chinalco flow rate and the rate of rapid movement continued to decline, by 0.76 and 0.39 respectively, compared with 0.15 and 0.01 respectively at the end of 2009. And for Chinalco's recent big moves in the resource sector, analysts said: "Such a resource-cluster-wide industrial chain layout is to learn from the foreign Vale, such as the practice of three major mining companies, in favor of enterprises to withstand the cyclical and external risks of the ability of the industry, The practice was vividly reflected in the bright annual reports of the three mining companies this year.　　"Rio Tinto has recently disclosed that its net profit has doubled to $6.91 billion trillion, and BHP's latest annual report shows a net gain of $12.72 billion over the full fiscal year from June 2009 to June 2010, up more than $5.88 billion a year earlier."　　However, compared with these multinational companies in the past hundred years, in a short period of time, Chinalco's multi-metal internationalization strategy to promote the effectiveness of the implementation does not appear to be obvious, short-term performance of the enterprise can not produce a positive and more practical significance.　　Catch the clarification of the Reporter River Tungsten Holding group website learned that Jiang Tungsten Holding group will strive to seize the commanding heights of rare metals resources, and strive to possess and control of tungsten and tin rare earth molybdenum and nickel cobalt and other non-ferrous resources reserves reached more than 15 million tons. This has a considerable degree of alignment with the multi metal Strategic transformation of Chinalco. But in a few days, Chinalco, the Chinese aluminium company, controlled by China Aluminum Corp. (hereinafter referred to as China aluminum 601600).　　SH) A clarification bulletin let this simple thing have another layer of imaginary space. September 26 after the signing of the Chinese aluminum industry in September 28, 29th two trading day cumulative rise of 18.3%.　　But on September 30, the Chinalco company issued a clarification announcement that it was not a trader who signed an agreement with Jiangxi Sasac on September 26 and that the actual trader was its controlling shareholder, Chinalco. "The 3-day time lag gives the market ample room for interpretation and reverie." "An industryPeople said that within 3 days, including enterprises, the media have not been very good to clear the subject of solid trading, so that the outside world to interpret as a shares listed in China's aluminum, and the company's stock price for two consecutive days, the final halt in the section before, and as some rumors outside, for the convertible bonds These people also explained that this is actually a very ambiguous statement, because, from the press release of Chinalco, it is not intended to confuse the concept of parent companies and holding companies, to a certain extent, is also misunderstood by the Chinalco increase in the Jiang Tungsten holding group of rare earth concept, and the acquisition of rare earth resources to confuse, In fact, the former refers to the deep processing field in the rare earth industry chain.