Recently, Baotou City, Inner Mongolia, the IRS has completed 143 of the city's rare earth enterprises security tax VAT invoicing subsystem upgrade within the jurisdiction of the rare earth enterprises include all the the VAT tax control system security kanji anti-counterfeiting project management, in order to achieve the rare earth industry operating conditions, and the VAT invoice comprehensive monitoring of the content of the name, heading, laid an important foundation for the strengthening of the tax administration of the rare earth industry.
    
These enterprises engaged in the smelting of rare earth minerals separation, engaged in the flow of commerce, its the VAT security tax billing subsystem upgrade, a lot of work. Does not affect the requirements as taxpayers engaged in Baotou City, the Internal Revenue Service in accordance with the State Administration of Taxation "on the invoice issued by the rare earth enterprises included in the VAT control system security kanji the forgery project management issues related to the Notice, actively contact technical services unit, unified conversion process, organization and grassroots Bureau of rare earth products directory requirements for completing the audit in a timely manner, the timely completion of the upgrade of the city's rare earth enterprises.
    
On this basis, the council include all the rare earth enterprises control system security monitoring platform, schedule plan targets monitoring platform prompted warning sales object abnormalities warning, VAT invoice content anomaly warning and the purchase and sale of rare earth products ratio anomaly warning data analysis and audit processing. These initiatives effectively regulate the city's rare earth industry VAT invoice management and other day-to-day tax administration.

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The rare-earth market today dysprosium price broke down, the large the holmium class market price differences difficult trading rare earth market weak trend continues.
   
There is no guarantee as early as a few days ago there Insiders sigh dysprosium price. Still suppliers oxides the tax offer 200 million / ton, but Ningbo rare earth who reflect market has 190 cargo, Ganzhou Rare Earth revealed today, dysprosium oxide a tax has 190 million / ton, but fewer still trading at this price.
   
Differentiated the holmium class market price quotations, price low turnover is still hard to demand market trouble, try to hit the price level - pressure on raw material supply side. There is a larger traders holmium oxide and holmium iron market tax offer of 450,000 yuan / ton. Much lower than the price the merchant business is also no good market hold stocks holmium oxide tax offer 370,000 yuan / ton, inquiries are still very few.

Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Email: sales@chinatungsten.com
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TOKYO, Japan, March 15, 2013 (ENS) – Honda has established the world’s first process to reuse rare earth metals extracted from nickel-metal hydride batteries to make new batteries for hybrid vehicles.

To make the most of these scarce resources, since April 2012 Honda has been extracting an oxide containing rare earth metals from used nickel-metal hydride batteries at a plant belonging to ferroalloy manufacturer Japan Metals and Chemicals Co.

Now, by applying molten salt electrolysis to this oxide, Honda has succeeded in extracting metallized rare earths that can be used directly as negative-electrode materials in new nickel-metal hydride batteries.

The rare earth metals extracted in this process have a purity of more than 99 percent which is as high as that of ordinary traded, newly mined rare earth metals.In addition, the new process enables the extraction of as much as 80 percent of rare earth metals contained in a nickel-metal hydride battery.

Under the newly established process, this month Japan Metals and Chemicals will supply the extracted rare earth metals to a battery manufacturer, which will reuse them as negative electrode materials for new nickel-metal hydride batteries.

This first batch of rare earth metals was extracted from nickel-metal hydride batteries collected from 386 Honda hybrid vehicles that were stored before shipment to dealers but were damaged in the Great East Japan Earthquake on March 11, 2011.

As soon as a sufficient volume is secured, Honda will begin recycling rare earth metals extracted from used nickel-metal hydride batteries collected by Honda dealers through battery replacement.

Honda dealerships will collect the batteries and the Japan Metals and Chemicals plant will dismantle them to extract rare earths. Honda will then use the extracted material in new hybrid vehicles.

Honda says it will extract rare earth metals not only from nickel-metal hydride batteries but also from other used parts such as hybrid motors and lithium-ion batteries. In addition to batteries, rare earth metals such as neodymium are used in magnets for a wide range of parts from audio speakers to electric starters.

Rare earths is a generic term for 17 elements that enhance heat resistance or increase magnetic forces when mixed with metals. They are indispensable in the production of vehicles, where they are used in motors and magnets.

China accounts for more than 90 percent of the global output of rare earth elements and is the main supplier for Japan. But China imposed sudden restrictions on exports in 2010 and 2011, cutting quantities sent to Japan and then the United States and other Western trading partners, claiming the cutbacks were due to environmental degradation around mining sites.

Japan and other governments are taking action to loosen China’s restrictive export rules. In June 2012, Japan, the United States, the European Union and other countries filed a complaint against China with the World Trade Organization over the rare earth export regulations.

Regardless of how that trade dispute is resolved, Honda said in a statement that the company “will remain committed to reducing the environmental footprint of the mobility society as a whole by developing fuel-efficient vehicles including hybrid vehicles, and also by strengthening networks which lead to the reuse and recycling of Honda products.”

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Email: sales@chinatungsten.com
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Yttria saw a 25.5 percent decline this week on our MetalMiner IndX℠, making it the week’s biggest mover on the weekly Rare Earths MMI®.

Samarium oxide weakened by 9.5 percent. Lanthanum oxide finished the week after falling 6.8 percent.

Molycorp Suffers

US rare earths producer Molycorp reported a net loss of $450 million last week, and the company does not expect prices to come back up this year, according to an FT article.

The author of the article put it succinctly: “Molycorp’s problems reflect the difficulty of building a business in the volatile markets for minerals such as cerium, lanthanum and neodymium.” The company’s interim CEO, Constantine Karayannopoulos, is quoted as saying, “I really don’t see any major catalysts in the near future for prices to go either way.” The piece continued, “Beijing was trying to tighten environmental regulations on rare earth producers, which would raise prices, he said, ‘but China is a big place.’”

More Rare Earth Price Drops on the IndX℠

Neodymium oxide dropped 5.8 percent over the past week. Europium oxide saw a 3.5 percent drop-off this week. The past week saw europium oxide close after a 3.5 percent decline. Cerium oxide remained essentially flat from the previous week.

Neodymium traded sideways last week, as did praseodymium neodymium oxide, praseodymium oxide and rare earth carbonate.

Following a steady week, prices for terbium metal closed flat. Terbium oxide prices held steady, and the week finished with no movement for yttrium.


Rare Earth Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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