Xiamen Tungsten Industry and Rare Earth Blocks Soar, The Reasons Behind

rare earth permanent magnet picture

In early trading today, the Shanghai and Shenzhen stock markets opened higher and continued to rise in the areas of rare earth, building materials and liquor. The Shanghai index rose more than 1% to nearly 2600 points. The GEM index rose nearly 2%, and then fell back. In terms of industry, most of the sectors are red, and the sectors such as nonferrous metals, building materials and winemaking are among the top gainers. Only the insurance sector that led the gains yesterday fell. The concept section is full of red, rare earth permanent magnets, scarce resources and railway infrastructure are among the top gainers.

Read more: Xiamen Tungsten Industry and Rare Earth Blocks Soar, The Reasons Behind

Ministry of Natural Resources: China Continues to Maintain Stable Supply of Rare Earth

rare earth ore picture

According to the Notice of the Ministry of Natural Resources, Industry and Information Technology jointly issued in 2018 on the 2018 annual rare earth ore tungsten mining total control index (the first batch): the first batch of rare earth minerals in the country in 2018 (rare earth oxide REO) The total mining control index is released according to 70% of the 2017 annual indicator. The first batch of rare earth ore mining total control index was 73,500 tons, of which the ionic type (mainly medium and heavy rare earth) rare earth mineral index was 12,530 tons, and the rock type (light) rare earth mineral index was 60,970 tons. It is reported that the first batch of rare earth mining total control indicators planned by the state in 2017 is 52,500 tons. Compared with last year, the first batch of rare earth mining this year increased by 40%.

Read more: Ministry of Natural Resources: China Continues to Maintain Stable Supply of Rare Earth

The Global Rare Earth Industry Will be Changed by China’s Movement

China 094 submarine picture

The big thing that has happened or is likely to happen in the second half of the year is that China wants or will cut rare earth production. Some experts said that this move by China may incite the global rare earth industry. Things are like this. Recently, Adamas Business Company said that China will reduce its rare earth production in the second half of this year and will control it at 45,000 tons. According to data tracking in previous years, this will be the lowest point of China's rare earth production in more than five years. This is likely to reduce China's rare earth exports, which in turn leads to rising rare earth prices. As a result, manufacturers may be forced to look for alternatives to rare earth supplies on a global scale, as there is little research on rare earth substitutes. Therefore, analysts believe that this may be more likely to be US companies, especially the US military, because they have no other source of supply, and the consumption of rare earths is still very large.

Read more: The Global Rare Earth Industry Will be Changed by China’s Movement

The Yield of Rare Earths Will Be Reduced by China, Where Will the US Military's New Weapons Go

abrams tank picture

According to Reuters, a company in the Netherlands that closely tracks the rare earth industry said that China has limited the production of rare earths in the second half of this year to 45,000 tons, the lowest level in five years, and only enough to supply domestically. According to the report, this data means that China's rare earth production index in the second half of this year has been cut by 35 percent. Industry analysts said that in the current development of China's rare earth resources over-exploitation and rapid reduction of reserves, this measure is conducive to the implementation of rare earth resource reserve strategy. And foreign media said, where will the new US weapons that rely heavily on China's rare earths go?

Read more: The Yield of Rare Earths Will Be Reduced by China, Where Will the US Military's New Weapons Go

B-2 is Coming Again, Can China Counterattack by Prohibiting the Export of Rare Earths

B-2 at Hawaii picture

According to the US media report, the B-2 was first deployed to the Pearl Harbor-Hickam joint base in Hawaii, USA, to complete the normal deployment, or to test the Chinese radar. In response, netizens said that the B-2 is coming again, and China can pass Is it prohibited to export rare earth counterattacks?

Read more: B-2 is Coming Again, Can China Counterattack by Prohibiting the Export of Rare Earths

 

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