ZGXT(SZ:000831)2022-12-05 02:01Group 1: Mining Rights and Competition - The company is currently working on obtaining mining rights for the Shengongzhai and Feitian rare earth mines, but the timeline for approval is uncertain due to multiple regulatory processes [2]. - If the company successfully acquires these mining rights, it may lead to new competition in the industry, and China Minmetals will adhere to existing commitments to avoid competition [2]. Group 2: Production and Inventory - The production companies under the firm, including Hongjin, Dahua, and Jianfeng, have resumed operations according to their production plans [3]. - Specific inventory details will be available in the company's periodic reports [3]. Group 3: Raw Material Procurement - The company sources raw materials based on market principles, with procurement locations including Ganzhou, Jiangxi, and other domestic and international regions [3]. - Pricing for the raw materials is determined by the composition of rare earth elements and market conditions [3]. Group 4: Regulatory Actions Against Illegal Activities - In December 2016, the Ministry of Industry and Information Technology, along with seven other ministries, initiated a special action to combat illegal activities in the rare earth sector, focusing on the smelting and separation processes [3]. - In June 2017, local governments continued to enforce these actions, with a focus on rectifying various illegal activities [3]. - The 2017 crackdown on illegal rare earth activities is more detailed compared to previous years, and a mechanism for regular enforcement is gradually being established [3].