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.

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…

China plans to complete consolidation of the rare earth upstream industry in 2014

On August 5, Inner Mongolia Baotou Steel Rare-earth (Group) Hi-tech (600111.SH), Aluminum Corporation of China and Xiamen Tungsten Co Ltd (600549.SH) announced respectively that their implementation plans for rare earth consolidation have been approved by the Ministry of Industry and Information Technology (MIIT), while the MIIT required them to complete consolidation of the rare earth upstream in this year. “A China North Rare Earth (Group) Hi-tech Company establishment and implementation plan, which was put forward by Baotou Iron and Steel (Group) Corporation, has been approved by the Inner Mongolia autonomous region government and has been filed with the MIIT. The…

China’s rare earth exports below quota in first half of year

2014-7-30-Hongpo-2 China exported 14,061 tons of rare-earth ore, metals and compounds in the first six months of 2014, the exports volume rose 49.47% year-on-year, but which still below the first batch of rare earth export quota of 15,500 tons, according to official data. During the first half of this year, the total value of China's exports of the rare earths declined 4.5% to US$203.7 million compared to the same period in 2013, according to data released by the China Customs Statistics Information Center. In the first six months in 2014, Japan imported 5,579 tons of rare earth from China, surged 91.42%…

China’s graphite exports continue to rise

China is the largest graphite producer and exporter in the world, but Chinese officials have not established a quota system to control graphite mining and exports over the past decades. However, the rapid depletion of resources and the environmental pollution have created problems and Chinese people have started to consider the cost of economic growth against the environmental problems it causes. This concern has also reached the graphite industry and there are calls to issue tighter export regulations for graphite. "If China's graphite industry is not reformed, the country will deplete its graphite resources within 20 years" due to rising…

Japan and the U.S. remain China’s main rare earth importers

hong po stats Driven by the growing demand in high tech applications and lower rare earth prices, China’s rare earth shipments have steadily grown since the start of 2014. China exported a total of 12,505 tons of rare earth ore, metals and compounds in the first five months this year, representing a 60.4% increase from the 7,796 shipped in the same period of 2013 according to statistics released on June 23th by China Customs Statistics Information Center. The data accounts for approximately 80.7% of the country’s export quotas, therefore, it is expected that the actual export volume will be within the range of…

A Potential for China to Increase Imports of Rare Earth

Table After the United States, Europe, and Japan successfully challenged China's export restrictions on rare earths earlier this year the Chinese government is formulating contingency plans to accommodate a possible end to the current tariffs and quotas in the next year. It is expected that new measures will further tighten control over the country’s rare earths upstream sector. In order to conserve resources and protect the environment China has adopted a series of policies and measures to bring the rare earths minerals under state control in the past few years but the industry is beset by a slew of problems, such…

China Increases 2014 Light Rare Earth Mining Quotas

China’s Ministry of Land and Resources (MLR) has set its total mining output quotas of rare earth at 105,000 tons this year - up nearly 12% from 2013. “The mining quotas for rock-type light rare earths increased by 11,200 tons (REO) or approximately 15% higher than the previous year”, the MLR said on June 6th. In 2013, the MLR set an exploitation quota for rare-earth concentrate at 93,800 tons (REO), of which 75,900 tons consisted of rock-type light rare earths and the remaining 17,900 tons was of the ion-absorption-type medium and heavy rare earths. “The ministry will keep exercising total…

China increases efforts to promote graphene

"I never expected such a quick development of graphene’s commercialization, and I chose to further develop graphene research in Xiamen as I saw the advantages that Fujian Power Booster Tech has gained. The Xiamen research institute, I believe, will take the lead in developing graphene.” said the Nobel laureate Konstantin Novoselov upon joining the Xiamen Graphene Institute. The Institute has been jointly established by Xiamen University, BGT Materials Limited and Fujian Power Booster Tech Co., which will specialize in developing graphene for batteries, touch screens, cancer treatments, LED lamps and sea water desalination technology according to a statement from the…