In recent years, the integration and adjustment of the rare earth industry can be described as drastic. Since May, the rare earth export quotas and export tariffs have been abolished, the total amount of rare earth mining has been controlled, and the rare earth resource tax has also ushered in reform. The mode of calculation has changed from the original “quantitative calculationâ€. For the "ad valorem". After the combination of the rare earth policy, what impact does it have on the rare earth industry? How far is the current rare earth industry away from marketization and internationalization?
Today, we are fortunate to have Wu Haiming, the general manager of the Rare Earth Trading Center of the South Exchange, let us listen to how Wu has always laid out the road to the rare earth.
Reporter: Hello! Mr. Wu, thank you for taking the time to accept our interview. In recent years, the hot agenda of rare earths has become more and more high. Especially after the loss of the WTO, China has issued a series of policies. How do you think about these policies?
Wu Haiming: Many people will have doubts after losing the WTO, fearing that most of China's rare earths will be lost. In the two years since the lawsuit was lost, China has been cleaning up the industry. On the one hand, it vigorously cracked down on the smuggling of black rare earths; After the doubles down, the market began to develop in an orderly manner. Therefore, the abolition of quotas and tariffs will not cause huge changes to China's large-scale rare earth exports.
However, the current method of calculating the levy has changed from the original “quantitative levy†to “ad valorem levyâ€, which makes it impossible for China’s rare earths to flow out as before. Rare earths were originally levied on resource taxes in tons. Because of the existence of a large number of black rare earths, the price is not high. The ad valorem is levied according to the asking price in the market, which essentially stimulates the benign development of the rare earth industry.
In addition, the country is actively organizing groups from the industry, and there are also rare earth groups such as 5+1. The purpose is to integrate, manage and manage the entire industry. Close, stop, turn, and turn the black rare earths and private excavation hotbeds of small or small scale. Actively paired with 5+1. Therefore, in the entire industrial policy, from doubles to group to actively adjust some export policies, this is some important changes in the state's policies.
Reporter: Then, through these policies, will the export volume and price of rare earths change drastically?
Wu Haiming: The rare earth from the mining to the production is unified by the National Rare Earth Office, and the doubles strike is almost the same, and the national mining has no heavy volume. This is to some extent, it is a policy bottom for the decline of rare earth prices in these two years. Together with the cost of production costs, it is a double bottom.
From the current point of view, the first quarter of 2015 is bottoming out, that is, to the double bottom, hitting the production cost price. A large number of rare earth sub-fields are shut down and shut down, while downstream applications are slowly recovering, and industrial upgrading is causing it to change.
Judging from this price this year, the first quarter is bottoming out, but it may fall back in the second quarter. Because the PMI growth rate of the real economy industry is negative, the PPI and PMI growth rates of purchases are also negative. The fall in the second quarter is actually a process of digesting the entire industry. Therefore, there may be a rebound from the third quarter to the fourth quarter. The strength of this rebound should not be very large, around 20-25.
Reporter: From the industrial trend of rare earths, it is still very good. What do you think is the most important place for the upgrading of the rare earth industry?
Wu Haiming: The right to speak of gold is in the United States, and the right to speak in silver is in Europe. Rare earth is the same as gold and silver, and it is more strategic. Once the right to speak of rare earth is also taken away, it is even more threatening. Therefore, we strongly appeal to practitioners and leading enterprises to appeal to the national regulatory authorities, the Rare Earth Office of the Ministry of Industry and Information Technology, and even the associations at the national level, to pay attention to the construction of such an investment platform and pricing platform for rare earth securitization. With an investment platform, there is a certain amount of trading, and there is a right to speak.
In this context, we started to focus on the development of rare earth securitization in 2014, and now we have also received the attention of leaders of the national ministries and associations. Many people think that this investment platform is a professional organization. It is for futures trade or related industry personnel to participate. In fact, this is not the case. After all the industries are mature, there will be a financial platform, such as Shanghai Gold. To do gold trade, it is in accordance with the offer of Shanghai Gold. The rare earth still stays in the telephone inquiry between the traders, and the inquiry is made. In the future, this situation will certainly be broken, because without an investment pricing platform, it is prone to skyrocketing and plunging. When you go up, you don't sell the goods, and the price is always up.
In 2013, the consumption of rare earth oxides was 20,000 tons, almost 30 billion yuan. According to the conventional 20-fold turnover rate of securitized products, the amount of securitization transactions of 600 billion yuan will be generated each year. Therefore, the establishment of a third-party investment platform and pricing platform is an inevitable trend of the internationalization and marketization of the rare earth industry.
Reporter: Is the Nanchang Exchange Rare Earth Trading Center such an investment pricing platform? What role does it play in the rare earth industry?
Wu Haiming: The Nanchang Exchange Rare Earth Products Trading Center is a platform open to anyone, and everyone can participate in rare earth investment transactions. What we do is actually to put 16 rare earth products such as antimony oxide, antimony oxide and antimony oxide on the IPO of the company. It is equivalent to the shares of 16 listed companies. Everyone can fry rare earth products like stocks and can also raise the spot.
And we combine the traditional rare earth industry with Internet finance, big data, and entertainment, so that everyone can participate in rare earth investment transactions like a circle of friends. Internet+ has given us a lot of space. The original securitization trading platform is the traditional B2B securities trading model. Now we are taking the C2C route. C2C combines B2B and O2O, emphasizing entertainment and participation. Feeling, let it form a trend, fashion, and even habit.
For example, we are now working with Netease Netease precious metals, Netease has 179 million VIP mailbox users. It does an activity of sending 10 yuan red envelopes. With red envelopes, you can directly fry silver and super rare earth. You can do more or short, and you can make money easily. Since its launch in February 2015, there are currently 90,000 online transactions. This number is amazing. In the era of big data in the Internet, it captures the preferences and habits of users and makes experiential transactions through various fun games.
Not only that, the Nanchang Exchange Rare Earth Trading Center and Big Data have another century of collision "客网络". The concept is that behind each seemingly simple product, there is a customer hidden, such as a bottle of drink, a bottle of wine, a packet of instant noodles, a QR code on it, a sweep of the customer can send a hand of silver , attracting a large number of customers to participate in investment and entertainment.
Rare earth itself is a traditional industry. It is not only professional but also partial. Once it is integrated with the Internet, it has become suitable for this era and has also sneaked into this era. We will also establish a nationwide service network based on provinces and cities, and do some salons to share investment experiences and experiences.
Reporter: So what is the difference between the Nanchang Exchange Rare Earth Trading Center and other platforms for rare earth trading?
Wu Haiming: There are four exchanges involved in rare earths, but the South China Exchange is currently the only one in the country to achieve securitization, the only full rare earth chain, the only 7+0. The only way to break through these three is to have a threshold. Therefore, we are leading in the industry for the time being.
First of all, our trading mechanism is different. We adopt a combination transaction. Both buyers and sellers are customers, which is safer and fairer for investors. In the rare metals industry, the central two only collected our rare metal prices and updated them daily. In addition, the volume of transactions is different, and the authority is different. In the future, we will mainly focus on becoming a professional securitization trading platform and investment platform for rare earth products in China, and also an industry platform for Internet+.
Reporter: Your new book, "Rare Earth in China," will be officially released soon. Can you disclose its general content?
Wu Haiming: When I wrote this book, I focused on three issues:
The first one is 5+1, which is the development context of the post-WTO rare earth era. Everyone's first reaction to rare earths is too professional, it is very difficult to invest, and environmental problems are particularly serious. These misunderstandings, I have analyzed it one by one to show the reader.
The second is that the Americans have mastered the gold for 80 years, the Europeans have controlled the silver for 30 years, and the future of the rare earth, the right to kill and the right to speak, should be spent? China is 95% of the supply, close to 95%. The market, such a big market is supplying you why not to build your right to speak. Who will build it? How to build it? That is the second question to think about.
The third question is whether the market for rare earths is official in the future? Is it market-oriented or policy-oriented? Or is it the leader's consciousness? This is also a reflection. But the future market must be free, without fences, without walls, such a market is a permanent market. The Americans have not said that they can't buy my gold until now, but welcome the whole world to buy, because the right to speak is in his hands. Then China’s current leadership team is also considering this issue.
Reporter: It seems that General Wu is very confident about the development of the internationalization of the rare earth industry. I would like to thank Mr. Wu for accepting our exclusive interview today and wishing Mr. Wu’s new book, "Rare Earth in China," can be sold.
Wu Haiming: Thank you, and thank you for your attention and support from your media friends.
Solar Street Light,Led Street Light,Led Street Garden Lamp,High Power Led Street Light
JIANGMEN MOSCOT OPTOELECTRONIC TECHNOLOGY CO.,LTD. , https://www.sensorsled.com