Hongpo Shen

About Hongpo Shen

Hongpo Shen is a Chinese freelance writer, professional blogger focusing on China's rare earth market, and previously held 15 years of experience in the local government of Shanghai, China. whose degrees include International Economics & Trade and Political Science. He has been an editor for InvestorIntel since May 2012.

Chinese authority launches new special campaign to fight illegal rare earths

Chinese top authority has vowed to severely punish malpractice in the mining, production and circulation of rare earths, amid fears of the country’s rare earth exports to lose control after implementation of World Trade Organization ruling in the next year. On October 11th, China’s Ministry of Industry and Information Technology (MIIT) released on its website a statement titled “Letter of the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Land and Resources, the Ministry of Environmental Protection, the General Administration of Customs, the State Administration of Taxation, the State Administration for Industry and Commerce…

The billion Yuan formation of the Guangdong Rare Earth Industry Group

RMB With a total investment of RMB 1 billion Yuan, the formation of the Guangdong Rare Earth Industry Group has been completed by Guangdong Rising Assets Management (GRAM), a major State-owned mining company in Guangdong province. In a September 30th posting on its site, GRAM said that the Guangdong Rare Earth Industry Group, as one of the Chinese six state-level and large-scale rare earths conglomerates, plans to lead the consolidation of the rare earth sector in Guangdong. “We have reached an agreement with the China Nonferrous Metal Industry's Foreign Engineering and Construction (NFC), to take a stake in NFC Southern Rare…

Chinese 2014 output of natural flake graphite expected to decline further

With the decline in China's steel consumption, demand for graphite has been restricted over H1 2014. A recent China Mining Association (CMA) report showed that the country’s output of natural flake graphite dropped 15% year on year to 180,000 tons in the first half of this year. This marks Chinese 2014 output of natural flake graphite expect to decline further due to a slower economic growth, especially as the refractories market is still accounting for nearly 40% of China’s overall domestic consumption. China produced 540,000 tons of natural flake graphite with an annual production capacity of 1,200,000 tons in 2013,…

Chinese imported rare earth metal ores prices show an upward trend

Hongpo-H1Data As a result of Chinese government tightening its restriction on the mining of rare earth metal ores, some of Chinese rare earth producers are expected to increase imports. The increase of imports of rare earth metal ores from the rest of the world is driven by the large smelting and separation capacity of the Chinese and an increased demand for the ores in the domestic market. China is the world's biggest producer of rare earth metals, which not only imported 3,678.168 tons of REO, but also bought 1,393.94 tons of rare-earth metal ores from the world in 2013. China’s customs…

China’s property slump to remain a drag on the price of zinc

The sharp deceleration in China's economic growth in August has resulted in a zinc price tumbling down. Value-added industrial output grew by 6.9% in August year-over-year, down from the 9.0% level in July and is the weakest growth seen since December 2008 according to the National Bureau of Statistics. It is clear that in the foreseeable future that China's property market slump is unfortunately deepening and home prices will definitely drop further, which is threatening the country's overall economic growth thus creating a drag on the price of zinc as a result. China produced 486,255 tons of refined zinc in August…

Considerable increase in Chinese rare earth exports to Japan and the U.S.A. this year

China's rare earth exports grew 30.79% month-over-month in August, while the export volume of rare earths increased 554 tons to 2,353 tons with export value of US$ 31.74 million, said the country's General Administration of Customs on Monday. From January to August this year, China’s rare earth exports totaled 18,252 tons, accounting for nearly 60% of its full-year export quota of 31,000 tons, while the export value of rare earth ore, metals and mixtures dropped 7.9% year on year to US$283.852 million in the eight-month period. Some of the Chinese rare earth producers fully used their the first batch of export quota…

Chinese money continues to pour into its graphene industry

Graphina Despite China's economy showing signs of weakness in the first eight months of the year, Chinese money continues to pour into its graphene industry -- with a high enthusiasm among investors and government in the country. Experts have concluded from the International Graphene Innovation Conference (GRAPCHINA 2014) that a large number of Chinese graphene technologies have reached a stage of market introduction since the second half of the year. The GRAPCHINA 2014, which was jointly organized by the China Innovation Alliance of the Graphene Industry (CGIA), the Phantoms Foundation (the European Photovoltaic Foundation) and the Ningbo Municipal Government, was held…

Baotou Steel Rare-earth (Group) Hi-tech’s net profits for the first half of this year plunged 73.52%

China’s largest rare earths producer Inner Mongolia Baotou Steel Rare-earth (Group) Hi-tech (SHSE: 600111) announced on August 25th that its net profit for the first half of this year plunged 73.52% year on year to RMB 278.3 million. The company said its operating revenue of about RMB 2.385 billion in the first six months, down 50.64% from a year ago. The company reported that a total of about RMB 2.287 billion of operating revenue was from rare earth business (includes RMB 1.457 billion of rare earth smelting separation products and RMB 830 million of rare earth functional materials), down 51.99%…

China to close a total of 103,710 tons of rare earth (oxide) capacities

China’s Ministry of Industry and Information Technology (MIIT) has ordered local governments to close a total of 103,710 tons of rare earth (oxide) capacities before the end of 2014, according to a public detailed list released by the MIIT on Aug 18th. For Chinese authorities have continued to show its determination to fight the rare earth overproduction crisis and is keen to complete its consolidation plan after it lost the WTO rare earth ruling, thereby to control the total amount of rare earth supply in the country. The Ministry said that all of the elimination of production lines on lists…

WTO’s ruling on the ‘rampant illegal rare earth production’ in China force rapid regulation changes

As a result of the WTO Appellate Body issued its report on August 7th, while it has upheld a ruling that China violated international trade rules with restrictions on the export of rare earths, China's Ministry of Commerce (MOFCOM) responded to this ruling with a statement saying that it regretted the WTO's reaffirmation of its earlier ruling, according to the Xinhua News Agency. The MOFCOM also reportedly vowed to study the decision and adopt measures which are in accordance with the WTO rules in the future. Despite the MOFCOM has not yet announced its countermeasures, however, I think that it’s…