SHRC(SH:600392)2022-03-17 08:38Group 1: Company Overview and Market Context - Shenghe Resources is actively following its 2021-2022 operational development plan, focusing on production and operations [3] - The demand for rare earth products is positively influenced by the rapid development of downstream industries such as new energy vehicles, wind power, and energy conservation [3] - The Ministry of Industry and Information Technology (MIIT) has urged major rare earth companies, including Shenghe Resources, to maintain rational pricing and avoid significant fluctuations [3] Group 2: Project Updates - The Peak project is progressing according to its strategic plan, including negotiations with the Tanzanian government and efforts to secure mining licenses [4] - Shenghe Resources' subsidiary has signed a new exclusive distribution agreement with MP Company for a duration of 2 years, extendable for another year, covering rare earth products [4] Group 3: Strategic Positioning - Shenghe Resources is not currently involved in the consolidation of large rare earth groups and aims to ensure the stability of the rare earth supply chain through a dual-resource and dual-market strategy [5] - The company is advancing its 1.5 million tons/year beach sand mining project in Lianyungang, expected to be operational in the second half of the year, which will significantly increase the production of monazite [5] - The pricing mechanism for monazite will continue to reference rare earth element prices, with no significant changes anticipated [5]