Siege Tesla lithium battery against foreign discrimination

Three British War Lüb: Wang Chuanfu Cai Che

If nothing else, the co-founder and CEO of U.S. Tesla Co., Ltd. Elon Musk will visit Beijing in late April. Tesla has suffered from internal and external troubles this year. "Firefighters" Musk is struggling to cope. The trip that was originally scheduled to visit China in March has been delayed.

According to Tesla China, the main purpose of Musk’s visit to China was to attend Tesla’s first delivery ceremony in China. In fact, Musk’s trip hopes to improve the charging problems that have plagued Tesla’s development in China. The itinerary will schedule time for meeting with energy supply companies.

Although Tesla's fans were able to get a car quickly, there was no progress in the construction of charging facilities, and Tesla’s advocacy of the 15-minute fast-charge advantage became meaningless. On the contrary, its high-capacity battery has become the biggest obstacle to its marketing - if you use the home slow charge, it takes 40 hours to fully charge the battery.

There is not much time left for Musk. There are more and more pure electric vehicles in the market. In addition to BYD, ZINORO, SAIC Roewe, and other pure electric vehicles in the Chinese market, some more competitive products are also rapidly market-oriented. For example, BYD and Daimler jointly developed a four-year-old Teng pure electric vehicle, and will also announce the price at the Beijing auto show held on April 20.

Compared with the traditional auto giant's pure electric vehicle products, Tesla is considered to have only the advantages of IT and automotive integration, and this is not one of the determinants of the purchase of cars in the current consumer market.

Musk realized the seriousness of the problem and deliberately decided to visit the Beijing Auto Show in order to personally explore China’s world’s largest incremental market and what kind of chess the traditional auto giant’s next pure electric car will be.

Zechu bet on pure electric vehicles

Despite the fact that Mercedes-Benz's traditional fuel vehicles are declining in the Chinese market in recent years, Cai Che has been ahead of many opponents in electric vehicles. As early as four years ago, he had already laid out pure electric vehicles in China.

On April 19, Cai Che will meet with Wang Chuanfu in Beijing to negotiate the platform for the next day's listing activities. Pure electric vehicles have been identified as Mercedes-Benz in China to reverse the ambush war with Audi and BMW. Cai Che’s correct decision on new energy vehicles saved Daimler’s internal trust in him and his post would probably be extended to 2016.

Because of the relationship with BYD, Daimler’s pure electric vehicle promotion in China has been highly supported by the government. On April 14, Shenzhen Mayor Xu Qin met with Tang Shikai, Chairman and Chief Executive Officer of Daimler Greater China Investment Co., Ltd., and expressed his support for the development of Teng Shi. Shenzhen is the country's largest investment in the development of new energy vehicles. It plans to promote 35,000 new energy vehicles by 2015.

According to BYD Daimler insiders' information provided by the “21st Century Business Herald” reporter, the first product of Tengshi debuted during the Beijing Auto Show and announced the price. The listing will be in the middle of this year.

In the face of the Chinese market, Musk sat on the felt. Tesla entered the Chinese market for more than a year and its products were sold. However, the construction of charging facilities has been slow. In the second half of last year, Tesla China announced that it would build a super charging station from Beijing to Shanghai, but soon became empty talk.

In China, the construction of charging stations requires the cooperation of various government departments such as electric power supervision, land, planning, and energy. Many Chinese car companies have to rely on the strong support of the local government to build some charging stations locally. Tesla as a foreign-funded company, although it took a long time to conduct public relations, the effect was not obvious.

42-year-old Musk had boldly predicted that the Chinese market is expected to surpass the US market sales in early 2015 and become Tesla’s largest global market. According to sources, Tesla and the State Grid have been blocked to negotiate the construction of charging facilities. They are switching to Sinopec, trying to use the resources of giant state-owned enterprises to open up the situation.

What makes Musk "Jealous" is that Teng pure electric vehicles can get government subsidies. According to the mileage of the first product of Tengshi, it is predicted that it will receive subsidies of 57,000 yuan from the central and local governments in many cities. In March, Teng Shi has entered the "Beijing Municipal Demonstration and Application of New Energy Minibus Manufacturers and Product Catalogue" and will receive subsidies from Beijing.

Electric vehicle version of "Three British War Riboud"

Cai Che chose to join Wang Chuanfu to set up a Chinese domestic brand. In addition to receiving government support, Wang Chuanfu’s iron battery technology is also a decisive consideration.

According to the agreement signed by the two parties in 2010, Daimler BYD will jointly establish an R&D center in Shenzhen. In the future, BYD will open battery technology to Daimler, and Daimler will give BYD support for technologies other than batteries.

Wang Chuanfu was a battery engineer. Before he was determined to be a pure electric car, he carefully selected the route of the power battery, and finally determined that the core standard was to ensure the stability of the battery. “In order to protect the bottom line of battery thermal runaway, I would rather sacrifice the battery capacity.”

This is also the biggest factor that has been recognized by Daimler. However, Musk chose 18650 small battery line, consisting of 7000 lithium nickel-cobalt-aluminate batteries (lithium cobaltate batteries). Lithium-nickel-cobalt-aluminate batteries (lithium cobaltate batteries) are recognized by the battery industry as batteries with large capacity and poor stability. Tesla's five fire incidents in one year have also resulted from this.

Vehicles based on Wang Chuanfu's battery core competitiveness, including BYD e6 and Tengshi pure electric vehicles, will be promoted to the market. Judging from the current market and consumer positioning, Teng potential is higher than BYD's pure electric vehicle positioning. Teng potential for public consumption, and Tesla's niche luxury does not constitute a theoretical competition.

However, Daimler's luxury brand power may have a substantial impact on Tesla. The reason is very simple. At present, most of the consumers who purchase pure electric vehicles are mainly buying brands and labeling themselves with environmental protection labels. Under these two conditions, if there are better products and cheaper prices, consumers Who will choose?

Many car industry insiders who have watched Tesla Model s have commented that the manufacturing process is too rough. The Teng potential product uses a Mercedes-Benz manufacturing process outside the electric system. “In the initial stage of Tengsi product development, we compared the chassis of Mercedes-Benz pure electric vehicle class B Electric Drive.” Insiders of BYD Daimler said.

According to BYD Daimler's plan, the first car of Tengshi was listed in Beijing, Shanghai and Shenzhen after being listed in the middle of the year, and the determined dealers were Mercedes-Benz's large distributors in China and Li Xingxing. Next year, the city will be further expanded. The problems plaguing Tesla's charging facilities have little impact on Teng potential. Tengsi's mileage is much shorter than that of Bitsila, which means that the use of home recharging is even shorter.

However, Teng is advancing rapidly in the private consumer market and has spent more energy on BYD than its parent company in charging solutions. Not too long ago, BYD Daimler and ABB, the power and automation technology group, started strategic cooperation and will be developed by ABB in the next six years. Home DC fast charging piles will be provided for Tengse's first electric vehicle. The first products will be delivered in mid-2014.

The combination of Cai Che and Wang Chuanfu objectively formed a real impact on the illusion that Tesla is the standard for electric vehicles. Mercedes-Benz pure electric car B-class Electric Drive recently put into production, is its first production of pure electric vehicles; BYD launched e6, "Qin", will be introduced in Beijing Exhibition "Tang", followed by "Han." Coupled with the joint venture brand Teng Shi, the Mercedes-Benz-BYD alliance has a three-into-fight battle with Riboud, and the bandwagon has Tesla's posture.

China's Lithium battery industry Jedi fight back Europe and the United States to limit the United States and Europe misinterpretation rules

The China-US trade litigation war surrounding the "rare earth export policy" has entered a white-hot spot. The reporter learned from the authoritative sources that in order to expand the fruits of victory and let the Chinese fall into a passive state, the US has recently submitted an appeal to the WTO. At the same time, the Chinese side is actively preparing for war, or will submit an appeal application in the near future.

On March 26, Geneva time, the World Trade Organization announced the report of the United States, the European Union, Japan v. China's rare earth, tungsten, molybdenum-related products export management measures report expert group, ruled that China's export product management measures involved in the product violations. In accordance with the W TO rules, both parties may file an appeal within 60 days of the release of the report of the expert group.

Recently, the Ministry of Commerce has convened several lawyers and industry experts to hold internal meetings to discuss the possibility of appeals and specific strategies. The industry generally believes that expert panel reports have discriminatory rulings and support the majority of appeals. "An industry source told reporters that the U.S. appeal will undoubtedly make us somewhat passive. "We must cross-appeal immediately. The U.S. is obviously reluctant to give us too much time to prepare. The above person told reporters.

According to an insider of the China Rare Earths Association, after the rare earth lost the case, the association also organized companies and experts to evaluate the impact this might have on the industry, and also conducted several discussions with the Ministry of Commerce to prepare for countermeasures. A high-level rare earth group at home told reporters on the phone, from the perspective of enterprises, the most worrying is that after the rare earth bubble burst, the performance of the entire industry of the rare earth industry is relatively sluggish, and the export situation is also very weak. Once the lawsuit fails, the rare earth export control will be triggered. After the cancellation of the policy, this signal may trigger the continued fall in the price of rare earths, which will make the industry worse.

However, a contradictory reality is that Europe and the United States and other Western countries counterclaim China's export restrictions, but they overwhelmingly use their own strategic resources. According to statistics from some scholars, more than 20 countries have adopted various measures to limit exports in the field of resources and energy. For example, the "domestic demand test" adopted by a Canadian state on timber exports means that only domestic timber is sold within the country and the state will meet the internal demand before considering export. Another example is the “export license approval” adopted by the United States for natural gas exports.

The intention behind the Chinese rare earth encirclement, the United States, Europe and other Western countries is very obvious. It is to attack the Chinese system of resource protection. Experts pointed out that western countries such as the United States and Europe often use sophisticated techniques to play around with rules. Even those rules that are fair in themselves can often be successfully distorted. Instead, they impose “violations” on developing countries and regions that protect their legal rights based on the original intention of WTO rules. "hat of. In his view, in the face of foreign "proactive attacks" on China's resources and products, China should also actively reserve "countermeasures."

This time, whether the Chinese rare earth can regain one bureau? Liu Jingdong, director of the International Economic Law Office of the Institute of International Law of the Chinese Academy of Social Sciences, told reporters that there are two points in the expert group report that are worth discussing. First, regarding the export tax, whether the Chinese government can use Article 20 of the GATT (General Agreement on Tariffs and Trade) (general exception clause for environmental protection) to defend it. Although China’s WTO accession agreement does not directly invoke 20 articles, it simply dismisses China’s basic “self-evident” right as a member state and is unfair. In the rare earth case, one of the three members of the expert group recognized this right of the Chinese side, and the developing members such as Brazil and Russia also expressed their recognition. Regrettably, the other two members of the expert group inherited the views of the previous nine kinds of raw material cases and believed that China does not have the right to use 20 articles.

The second is about the Chinese government’s export restrictions. Although the expert group supports the recognition of China’s original intention of protecting the environment, it believes that the specific measures such as export quotas are inconsistent with the W TO regulations. "Some specific views have been exhausted and have not accepted the defense of the Chinese side. We must not negate the measures themselves because the Chinese have not achieved the desired results in the implementation of the measures. This is also unfair," Liu Jingdong said.

“China still has room for appeal on the above issues,” said Gong Bohua, a professor at Fudan Law School, who also told reporters. He said that the W TO dispute settlement mechanism has a set of "reasonable" mechanisms, and parties need to provide evidence and interpret the treaty according to this set of rules. Of course, we can think that the expert group is biased in applying this set of rules and objectively causes “unfairness.” In this regard, it is necessary for the Appellate Body to check the possible “unfairness”. On another level, no matter whether the appeal wins or loses, China’s completion of the process can result in a one to two-year time window for policy adjustment.

“I personally think that the rights should be further protected through appeals.” Liu Jingdong said that although the appellate body is “only reviewing the law without judging the facts”, we are unlikely to be overturned, but we still have to use actions to fight for basic rights and show our attitude. He said that the WTO is different from the domestic case. Its significance lies not only in the outcome itself, but the report of the expert group is only preliminary. If it does not appeal, it means that it is obedient. This is a different point of view and there is a difference.

An industry source pointed out that China should continue to fight. No one can guarantee the loss or win of a lawsuit. Compared with the results, China’s participation as a responsible trading power and member states is significant in itself. It is both an attitude of safeguarding one’s own rights and a clarification of the rules of the multilateral dispute settlement mechanism. The responsibility of the key issues in the.

The first trial lost the suit and was later pursued by the United States. In addition to the litigation procedure of the case itself, Liu Jingdong stated that the reason why China’s rare earth case lost was because the domestic management measures did not achieve its intended purpose and it “passed people to handle”. The domestic management system should be reconsidered. Legislation must be harmonized and united. The formulation of central and local policies must also be refined. Gong Bohua also stated that how China handles the relationship between economic development and environmental protection; the local interests of economic development and the overall interests of national development; and the issues of encouraging export and export management are worth rethinking.

The rare earth industry again favored the current round of reserves or higher than expected

Industry Online Rare Earth Analyst told reporters that this round of rare earth collection and storage of twists and turns, and finally settled. This week, we determined the price of storage and storage, and newly added self-retention of enterprises resulted in a change in the overall volume of storage.

According to industry sources, under the background of the unsuccessful first-stage WTO WTO ruling, it is more urgent to adopt market-based measures to replace the original administrative measures such as export quotas and tariffs to control rare earth resources. It is expected that the government may accelerate the integration process of the rare earth industry.

Reserves or higher than expected
Minmetals (Beijing) Rare Earth Research Institute Co., Ltd. listed three rare earth oxides for three consecutive times on April 2, April 3 and April 4. The price of antimony oxide rose from RMB 360,000 to RMB 385,000/ton.

According to the reporter's understanding, at present, the State Reserve Bureau has signed rare earth storage and storage agreements with Chinalco, Minmetals, Baotou Steel, Ganshao, Xiamen Tungsten Industry, and Guangshou Nonferrous Metals. Industry sources said that the signing of the agreement means that rare earth storage has been formally finalized, but the official documents have not been down, companies dare not disclose specific details. From the average price of the previous six months, the price of rare earth storage should be at least 10% higher than the market price.

Regarding the amount of storage, the industry online rare earth analyst told the reporter that, in addition to maintaining the amount previously agreed upon, all storage and storage units should store 30% of their reserves, so the number of rare earth storage and storage may exceed 13,000. Ton. He also revealed that the purchase price will be determined this week, but no specific date has been stated.

According to statistics from the Ministry of Industry and Information Technology, in 2013, the national total control index for rare earth extraction was 93,800 tons. Industry sources said that if the rare earth storage and storage is really at 13,000 tons, it will have a positive impact on the price of rare earths.

Rare earth prices began to rise

In the rare earth storage and storage, companies are constantly raising the price of rare earth oxides.

On April 3, the price of rare earth oxides listed by Minmetals Rare Earth was higher than the market price by more than 20%. Among them, lanthanum oxide 630,000 yuan/ton, antimony oxide 380,000 yuan/ton, and antimony oxide 380,000 yuan/year. Tons, thorium oxide bismale 4.75 million yuan/ton, antimony oxide 3.7 million yuan/ton, antimony oxide 9.4 million yuan/ton, antimony oxide 1.9 million yuan/ton, antimony oxide 365,000 yuan/ton, and antimony oxide 68,000 yuan/ton.

On April 4, Chinalco Rare Earth (Jiangsu) Co., Ltd. listed the price of rare earth oxides, among them, antimony oxide 630,000/ton, antimony oxide 350,000 yuan/ton, oxidation spectrum é’•365,000 yuan/ton, and antimony oxide 1.9 million yuan. / Ton, yttria 3850000 yuan/ton, antimony oxide 370 yuan/ton, antimony oxide 9300000 yuan/ton, antimony oxide 4.75 yuan/ton, antimony oxide 68,000 yuan/ton, most of the varieties are also higher than the market The price is more than 20%.

The rare earth oxide price announced by the China Rare Earth Industry Association has been on an upward trend since April 3. As of April 8, the antimony oxide was 57.6-59.4 million yuan/ton, the antimony oxide was 31.9–329,000 yuan/ton, the oxidation spectrum was 322-334 yuan/ton, the antimony oxide was 166.6-175.4 yuan/ton, and the antimony oxide 315.3 -325 million yuan / ton, antimony trioxide 33.73-447 yuan / ton, antimony oxide 840-866 yuan / ton, antimony oxide 404.2-430 yuan / ton, antimony oxide 5.3-5.5 yuan / ton.

Analysts said that according to conventional practice, rare earth storage is based on the average price of rare earth prices in the past six months as the storage price. At present, rare earth companies raise the price of rare earths is also a consistent practice, and related companies reluctant to sell a relatively strong mentality, trading is relatively light.

Industry insiders anticipate that in the context of the rare-earth WTO ruling in the first instance, the adjustments that China’s rare earth management policies may make in the near future include: cracking down on illegal and irregular activities of rare earths; further promoting the formation of large-scale enterprise groups, controlling the main body of excavation, and the number of export entities from the source Scattered chaos; classification and management of light and heavy rare earths; play a market role in the production of mandatory plans; establishment of rare earth storage and storage system; issued "Rare Metal Management Regulations" and so on.

Exchange trial operation rare earth industry welcomes "China price"

After testing the water simulation transaction for five months, the Baotou Rare Earth Exchange recently announced through the official website that the official opening of the 28th. Some experts said that the purpose of forming the Baotou Rare Earth Exchange is mainly to stabilize the price of rare earth products and standardize the trading behavior, establish the global pricing power of China's rare earth, and form a Chinese rare earth pricing mechanism.

Baotou Rare Earth Exchange also announced transactions management measures, trading rules and other matters. According to the rules, Baotou Rare Earth Exchange will set up three spot trading modes, including spot bidding, spot listing, and online shopping malls. Trading varieties include: cerium oxide, cerium oxide, and yttrium oxide.

In November last year, Baotou Rare Earth Exchange tried “on the go” to conduct online transactions after completing a simulation transaction, and its online shopping mall platform completed three transactions. After the formal opening of the Baotou Rare Earth Exchange, how the trading conditions have attracted attention.

The registered capital of the Baotou Rare Earth Exchange exceeded RMB 100 million, and there are more than 10 shareholders, each of which has basically equal registered capital. Its shareholders are Baotou Steel Rare Earth, Nonferrous Metals, Xiamen Tungsten and Minmetals Rare Earth. The industry generally believes that the rare earth exchange led by Baotou Steel Rare Earth has attracted the participation of rare earth enterprises from the south and the north. It is currently the most influential and most widely traded exchange in the domestic rare earth exchanges.

When the Baotou Rare Earth Exchange was put into trial operation, it was the time when the outcome of the World Trade Organization (WTO) rare earth litigation decision was about to be announced. Analysts believe that if the Chinese lawsuit fails, it will force the government and the company to accelerate the industry consolidation. According to reports, according to regulations, adjustments to new export tariffs and quotas policies may have a grace period of six months to one year, that is, the possibility of the full release of rare earth tariffs and quotas by the beginning of 2015.

Prior to this, the Chinese government needed to make a series of policy adjustments to avoid returning to the past era of cabbage prices after the rare earth industry was liberalized. These adjustments may include: cracking down on rare earth violations; further promoting the formation of large enterprise groups, from the source To control the confusing situation of the main body and the export subject; to classify and manage light and heavy rare earths; to play a market role in the production of mandatory plans; to establish a rare earth storage and storage system; to issue the “Rare Metal Management Regulations” and so on.

Seasonal effect or birth of rare earth price increases

It is understood that the current round of rare earth storage is undergoing the second round of negotiations, and it is expected to finalize the details of the purchase price and other issues. In the context of strong anticipation of purchase and storage, the price of rare earth has risen recently. Last week, light and heavy rare earths all rebounded, while antimony oxide and antimony oxide rose by 2.7% and 2.1% respectively. In addition, the Department of Raw Materials of the Ministry of Industry and Information Technology recently released the 2013 “Rare-Earth Industry Economic Operation” and this year's work plan to regulate the comprehensive utilization and management of rare earth resources, and comprehensively utilize rare earth resources (recovery of wastes, recovery of pressure-covered mines, etc.). ) Include production total control plan management and focus on the newly established six large rare earth enterprise groups. Analysts said that rare earth storage and storage are expected to promote the Ministry of Letters and then promote rare earth groups, the future of rare earth prices is expected to steadily rise, especially in the traditional sales season in March and April, the rare earth price will show stronger; plus Tesla It is planned to invest 10 billion US dollars to build a super battery plant. The continuous development of new energy vehicles will also continue to push up the market's demand for rare earths. As a result, the price of rare earth stocks can be expected to increase.

Rare Earth Group + Storage Closer
According to media reports, in early January 2014, the Ministry of Industry and Information Technology and related departments held a special meeting in Beijing to form a large rare earth enterprise group. According to the conference, according to the law of survival and inferior elimination of the market, the industry development pattern dominated by six companies including Baotou Steel Group, China Minmetals, Chinalco Corporation, Guangdong Rare Earth, Quzhou Rare Earth and Xiamen Tungsten Industry (600549) has basically formed. The next step is to follow the trend and focus on supporting these six companies, further promote mergers and acquisitions, and establish large-scale rare earth enterprise groups.

The Ministry of Industry and Information Technology emphasizes that we must give full play to the decisive role of the market in allocating resources, take enterprises as the main body, diversify investment, operate in a market, and promote mergers and reorganizations to change from "let me reorganize" to "I want to reorganize".

In the announcement of the Ministry of Industry and Information Technology on February 21st, accelerating the establishment of a large-scale rare earth enterprise group has been placed in a prominent position. The announcement said that it will consolidate and expand the formation of mergers and reorganizations based on the six major rare earth companies, including China Minmetals, China Aluminum, Baotou Steel Rare Earth, Quzhou Rare Earth, Guangdong Rare Earth, and Xiamen Tungsten, integrating domestic rare earth mines and smelting separation. In this process, the enterprise must close down a batch of illegal enterprises, transfer a batch of enterprises, and reorganize a group of enterprises, significantly reduce the number of rare earth smelting and separation enterprises and resolve excess production capacity. Adhere to the principles of government guidance, enterprise leadership, diversified investment, and marketization, and give play to the decisive role of the market in allocating resources, comprehensively use economic, technical, legal, and necessary administrative means to eliminate institutional barriers, and promote mergers and reorganizations as soon as possible. Formation of a large rare earth enterprise group dominates the pattern of development of the rare earth industry.

At present, after several years of integration, the southern rare earth industry has basically formed the pattern of coexistence of local enterprises and central enterprises. Local enterprises such as Baogang Rare Earth, Guangyu Nonferrous Metals (600259), Quzhou Rare Earth, Xiamen Tungsten Industry, etc., have centralized integration of resources as a link, while Minmetals and Chinalco have gradually upgraded through the merger and reorganization of downstream smelting separation and deep processing industries. Infiltration, using the "infiltration line" to gain the upper right to speak.

In addition, according to media reports, the second round of rare earth storage and negotiations is currently in progress, this round of negotiations is expected to be able to finalize the details of rare earth storage and other details. Currently, authoritative metal spot website analysts have confirmed the above news, and said that if the agreement is negotiated, it may be opened in May.

Huachuang Securities Research reported that in December 2013, the State Reserve Bureau and the six storage and storage agent manufacturers conducted the first round of storage and negotiation. According to the three options, the rare earth storage and storage benchmark price is slightly higher than the current rare earth price 5%-6%. Due to the smaller margins, negotiations failed. Some analysts said that this round of rare earth storage will have a huge impact on prices. If storage fails in the first half of this year, the cash flow of traders and even big manufacturers will accelerate into the market, and the business mentality will change with it. In the short term, it is difficult to stop falling; on the other hand, when storage is opened, spot stocks will flow to the State Reserve Bureau to reduce inventory pressure on prices, thereby helping the market to clear. With the peak season of rare earth demand after March, rare earth prices are expected to stabilize. Go higher.

Rare earth prices bullish on the short term

In addition to the rare earth reorganization, the high-pressure situation of cracking down on illegal and irregular behaviors has always been maintained. This work was also placed on the key position of the rare earth work in 2014 by the Ministry of Industry and Information Technology.

According to the above-mentioned announcement, the supervision will be strengthened this year. The Ministry of Industry and Information Technology, together with the departments of public security, land, environmental protection, customs, taxation, and safety supervision, will intensify the verification of areas where the problem is prominent, and supervise and supervise key cases; Heavy rare earths will crack down on the linkage mechanism of illegal production areas, communicate information in a timely manner, make overall plans and coordination, and act in a unified manner. Through timely sharing of rare earth special invoices and improving the reporting system, they will promptly identify problems and investigate and deal with them; implement local supervisory responsibilities, and urge local authorities to resolutely investigate violations of laws and regulations; Increase accountability and accountability for the inadequacy of individual local government supervisory responsibilities, collusion between officials and businessmen, and illegal approval projects; strengthen public opinion supervision, invite news media to promote good practices, and expose typical cases and other six tasks as priorities. .

In fact, the hard-hit industry has always raised the price of rare earth in the short term. A nationwide rare earth rectification in mid-2013 caused the thorium oxide to soar 77% in less than a month. The current data shows that in the first week after the Spring Festival, the price of yttrium oxide mainstream was adjusted from RMB 300,000 to RMB 300,500/tonne before the Spring Festival to RMB 315,000 to RMB 32,000/ton. The mainstream prices in the base metals market have been adjusted from 380,000 to 385,000 yuan/ton to 390,500 yuan to 400,000 yuan per ton, and even some businesses have already quoted prices to 420,000 yuan/ton, but no record of transactions has been reached.

At the same time, there has been a slight rebound in the prices of antimony oxide and antimony iron. At present, the mainstream prices of antimony oxide and antimony iron are respectively 155,000 yuan - 16 million yuan/ton and 160,000 - 165,000 yuan/ton. Each year, there was a recovery of about 1 million yuan per ton.

According to Gao Yuxin, an analyst at Ruidao Metals, the reason for this rare earth price change is that there are fewer stockpiles in the downstream NdFeB plant. After all, each company's start-up production will purchase some raw materials; in addition, based on previous years' experience, After the start of the Spring Festival, there will be a wave of rebound in the market, so the holding companies are reluctant to sell goods, resulting in tight spot supply situation, the price rebounded.

According to industry sources, combined with the case in which multiple ministries and commissions jointly rectified rare earth violations and irregularities in August last year to promote the increase in rare earth prices, if the crackdown on violations of law and regulations were to increase again this year, then the probability of rare earth prices will steadily rise.

Electric car boom drives rare earth permanent magnet demand

In the past year, Tesla has set off a frenzy of electric cars around the world. According to statistics, Tesla's electric vehicle sales in 2013 amounted to 22,300 units worldwide, and its sales target for this year is set at 35,000 units, which is expected to increase by 55%. According to relevant information, the batteries of Tesla lithium-ion vehicles are currently supplied by Panasonic. To further reduce costs, Tesla will build a lithium-ion battery plant in the future.

At present, people in the industry expect that electric vehicles will be rapidly promoted in China's passenger car, micro-vehicle, and specialty car market segments. With the current domestic battery and motor industry chain level, there are currently three areas in which electric vehicles can be rapidly promoted: First, passenger cars. The market, especially the bus market; Second, miniature cars, mainly concentrated in the A0 level (such as Benben, QQ, etc.); Third, special vehicles, mainly logistics vehicles, such as environmental protection, express delivery, postal and other special vehicles.

According to industry experts, the motor demand for new energy vehicles in the future is relatively certain, and China has a comparative advantage in this regard. Although the path of battery technology development remains uncertain, the demand for new energy vehicle motors in the future is relatively certain. Specifically, China has the following advantages in the field of new energy automotive motors: First, the advantages of rare earth resources, the current cost of rare earth motor accounts for 10% -30%; Second, human resources, high degree of customization of the motor determines the cost of labor High, China has obvious advantages in labor costs; Third, it is a stage advantage in the development of the automobile market, China's automobile penetration rate is relatively low, and the acceptance of electric vehicles is relatively higher.

GF Securities: Rare Earth Quietly Welcomes Season

The non-ferrous material sub-sector “buy” rating has a “hold” rating for the non-ferrous industry, and recommended new materials sub-sectors are lithium carbonate, sapphire, rare earth and permanent magnets.

The long-term demand for lithium carbonate and neodymium-iron-boron is optimistic because the development of electric vehicles continues to be good (Masco's visit to China helps electric vehicles sell well). Optimistic about the rare earth due to rising prices in the second quarter of the consumer season; Sapphire due to Iphone6 ​​demand growth. Recommended match: Tian Qi Lithium, Yahua Group, Zhongke Sanhuan, Louxiao Technology.

Basic metals: Nickel prices at home and abroad continue to rise Indonesia's ban on nickel ore exports and spot demand, this week, domestic and foreign nickel prices rose: LME nickel rose 6.18%, domestic nickel rose 9.64%. Other industrial metals rose slightly. LME copper, aluminum, lead, zinc and tin rose by 0.77%, 3.40%, 1.94%, 1.17% and 0.97% respectively. Since the beginning of the year, LME nickel has gained about 25%, domestic prices have risen by more than 20%, and prices are still expected to remain strong in the follow-up period. Concerned about the trading opportunities related to individual stocks. Global demand growth slowed down and production capacity gradually released. The underlying metal trend was sluggish, and Mengdong Mining shares were relatively optimistic: Intime Resources and Shengtun Mining.

Precious metals: The price of precious metals rose slightly The US dollar index weakened, falling 1.21% to 79.45 on week, and the price of precious metals rose. International gold price rose 1.13% to 1,318 US dollars/ounce, domestic gold price rose 2.08% to 262.7 yuan/g, foreign silver price rose 0.18%, domestic silver price rose 0.97%. Gold ETFSPDR's open interest decreased by 4.76 tons to 804.42 tons. The golden bullish bull market is over, and there is only a rebound opportunity in the short term. Suggested attention: Chifeng gold, Shandong gold, gold and gold.

Small Metals: Lithium is pleased to face the auto show, and rare earths are quietly facing the quarterly lithium: China's Beijing auto show is expected to have a number of electric cars debut and launch its official price, Tesla official Musk will also visit China on the 20th of this month, attended The opening ceremony of the car and the ceremony for the delivery of the first Tesla ModelS vehicle owners in China. Electric vehicles are the most potential application areas in the lithium industry. It is recommended to continue to pay attention to lithium resource stocks: Tianqi Lithium, Yahua Group, Luxiang, Zhonghe, and Jiangte Motor. Rare earth: Heavy rare earth oxide prices rose 0.59% this week, and light rare earth prices remained unchanged. Affected by the progress of WTO litigation, the market expects that the verdict will force relevant policies to accelerate (recovery, consolidation, legislation). We believe that the current price of rare earth is at the bottom of the region. With the arrival of the traditional peak season in the second quarter, prices are expected to increase. The focus is on: Minmetals Rare Earth, Shenghe Resources, and Guangshou Nonferrous Metals.

New materials: The boom of electric vehicles will resurrect. NdFeB will come to this week and the price of NdFeB H35 will remain unchanged. Raw materials will increase by 0.78%. Taking into account the appearance of various electric vehicles at the Beijing Auto Show and the use of rare earth permanent magnet motors for the main motors, NdFeB is expected to receive market attention again. Recommended with:

Zhongke Sanhuan, Zhenghai Magnetic Materials, Ningbo Yunsheng. In terms of sapphire, the demand is still affected by the news that Apple's new model screens are using. The focus is on: Laughing Technology, Dongjing Electronics, and Jingsheng Electromechanical.

Risk Warning: Changes in the loose policy of the Federal Reserve, changes in China’s economic policies, and changes in the European economy.