China indicates the current seek to cut exports of rare earths , which is the first in the country in the past two years, aims to cut rare earth exports.

Although rare earth mining rivals intensified , resulting in China 's proportion of global production continues to shrink , but the world's supply of 17 kinds of minerals have about eighty percent are still in the hands of China . Beijing has been controlled by the supply of export quotas , although China 's rare earth exports due to weaker demand in the past two years did not meet the quota level .

Chinese Ministry of Commerce said on the 13th , 2014 the first batch of rare earth export quota of 15,110 tons , a decrease of 2.5 % compared with the first batch of rare earth export quotas last year . Basically, the first half of the quota next year to determine the annual trend , since about half of the first full year quota general quota . The Chinese government announced the second batch of rare earth quotas usually around July .

Reported that , if China announced the second batch of quotas in 2014 is consistent with the trend of the past , then the country's rare earth export quota will be the first decline since 2012 . Since 2005 , China has gradually cut rare earth export quotas , this situation reversed to appear until 2012 .

According to reports, China 's rare earth export quota for 2010 will be reduced by 40% , this results in the consumption of rare earth metals and related industries in developed economies panic . Rare earth metals used in the manufacture including missile defense systems and smart phones , including a series of important scientific and technological products.

According to Chinese customs statistics, China's top ten months of this year exports accounted for only 57 percent of rare earth quota throughout the year . Last year, Chinese exporters have used only 52% of the Commerce Department quotas.


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Ministry of Commerce announced on the 13th , the first batch of rare earth export quota for 2014 total of 1.51 million tons. The 2013 full-year total rare earth export quota of about 30,000 tons . Industry analysts said the rare earth export quotas generally issued in two tranches , the first number from 2014 , the 2014 export volume of rare earths should be flat with last year . Meanwhile the Commerce Department disclosed tungsten export quota of 1.36 million tons, down conversion and export volume last year is quite .

Expected by the end of this year will be the outcome of litigation WTO rare baked "Boots " has yet to fall . Near the end , to the people , such as the Ministry of Commerce and Ministry of Finance in 2014 export quotas for 2014 tariff adjustment message, then release the rare metal export policy yet adjusted signal.

March 2012 , the United States , European Union and Japan litigation WTO, that China's implementation of export quotas of rare metals , high tariffs and other policies, contrary to the relevant provisions of the WTO .月初11, WTO litigation preliminary outcome , finds China lost. Industry expectations , the final results will be released in a lawsuit in November , China is facing rare metal export policy adjustments .

However , the final results showed that Chinese exports of rare metals policy yet adjusted . Treasury news also confirmed this point . 11, the Ministry of Finance issued the message " from January 1, 2014 will be part of the tariff adjustments" mentioned in the text of the items to adjust tariff rates is not rare .

Rare earth industry , a senior official said , WTO final results have not yet introduced , China can continue to use the previous export policy . On the other hand , even with the final results , Chinese export policy adjustments will remain rare transition period , this transition period may be a year to a year and a half . From the Ministry of Commerce and Ministry of Finance of the message , the 2014 China Rare export policy is not adjusted . He believes that , in line with China's interests . The analysts believe that , after the market had expected policy changes have a transition period , so in 2014 the export of rare metals policy is not adjusted in line with market expectations.

Chinese iron ore and other commodities lacking , but rich in rare earth, tungsten , molybdenum, antimony and other reserves. To conserve resources, protect the environment , in recent years , the Ministry of Commerce issued a rare reduction of export quotas , export duties and a series of additional policies . For example, the 2013 tariff embodiment is a rare earth , rare earth mining rate of 15% , the rest of the rare earth smelting and processing impose a 15% to 25 % of the tariff .

Industry sources, this was included in the WTO litigation rare species including rare earths , tungsten and antimony .

Rare greater impact on China 's export policy . First, this is a wide-ranging impact on international trade war against China in overseas countries to protect the collective consciousness of the advantages of resources to defend the war ; Secondly , rare earths, tungsten export market share is high, especially for the export of rare earth 90% , once the export policy adjustments will affect the development of the industry .

Authorities are very worried that once the WTO lawsuit against China rare earth industry is not export tariffs and quota restrictions , the manufacturer of rare earth prices will fall like before the melee , rare return to the " cabbage price" era. Since more abundant light rare earth resources , the export restrictions are liberalized, it will face stiff competition.


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Ministry of Finance published on the website 2014 Tariff Implementation Plan . The program clear , 2014 will be " rare earth mine ", " other rare earth oxide ( except lamp Pink ) " , "mixed rare earth chloride ," " not mixed rare earth chloride ", & ldquo ; the other rare earth fluoride , "" mixed rare earth carbonate , "" not mixed rare earth carbonate " tentative levy 15% export tax .

In addition, " not mixed with each other or fused rare earth metals, scandium and yttrium ," " have been mixed or fused with each other rare earth metals , scandium and yttrium, battery grade ", " Other mutual mixing or fusion rare-earth metals , scandium and yttrium , "" other compounds of rare earth metals , of yttrium , scandium ( except LED with phosphor ) "," containing by weight more than 10% of rare earth elements ferroalloy " provisional export tax rate 25%.

Rare as the " Industrial MSG " , " mother" of the new material , widely used in military and civilian high-tech field of optical , electronic information , new materials , aerospace , machinery manufacturing, new energy , nuclear industry , etc. is a valuable strategic resource.


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" China's rare earth after 50 years of development , has become the world's largest rare earth production , application and exporter, dominate the global rare earth industry. However, due to the extensive mode of development for a long time , there has been excessive and indiscriminate digging , waste of resources and environmental damage and other issues. " Wang Weimin , deputy director of the State Council Counsellors' Office has said the 2013 China Rare Earth Forum .

Deep-rooted problems to be solved

May 2011 , the State Council issued the " Opinions on Promoting the sustainable and healthy development of rare earth industry " ( hereinafter referred to as "Opinion" ) , after more than two years , China's rare earth industry management has made significant progress has been initially realized standardized and orderly development of rare earth resources , smelting separation and market order flow , and establish a unified, standardized and efficient trade management system.

Management system gradually improved. Currently, many provinces and cities , and autonomous regions in the department set up a rare public letter to the office , focusing on producing rare earths is also equipped with a full-time staff , the rare earth industry, regulatory agencies and gradually improve ; Meanwhile , relevant departments have been put forward and implemented the rare earth mining , production and export plans , environmental and industry access management systems , such as the rare earth industry management system basically sound .

Order to further regulate the industry . 2011 and 2012 , the Ministry of Industry and Information Technology jointly with relevant departments to carry twice the rare earth industry is continuing special rectification actions , to identify violations of more than 600 exploration and exploitation since dismantled 14 illegal mining sites , about 90 more than mine separation and smelting enterprises stop production for rectification, identified 14 cases of smuggling , in key areas of the business and also identified a number of illegal persons responsible . Since August this year , in conjunction with the Ministry of Public Security , Homeland seven departments launched a special campaign to combat illegal behavior of rare earth production, mining, circulation .

Industry to accelerate the pace of integration . According to the " Opinions" , the Ministry of Industry together with relevant departments on the basis of in-depth investigation and study, study proposed the formation of large enterprise groups RE proposals and actively promote the formation of large enterprise groups . Currently , the industry has a long-term situation of small scattered significant change has initially formed a number of sets of resource extraction , smelting and separation, processing applications , technology research and development as one of the major rare earth group .

Rapid application development industry . In recent years, relevant departments to increase the utilization of rare earth resources , environmental transformation , high-end application technology development and industrialization of support. September this year , the Ministry in conjunction with the implementation of the financial sector in 2013 to adjust the rare earth industry , a special review of the upgrade project , scheduled to be issued today . Meanwhile , the industry formed the focus of rare earth enterprises in close cooperation with research institutions , and actively develop new technologies, new processes , and accelerate the pace of industrial development in a good atmosphere , so that speed up industrial restructuring ; process equipment and technology level ; -end application of rare earth industry has been development , technical strength and scale of the industry significantly enhanced.

Inspector of the Ministry of raw materials , the State Office of Rare JiaYinSong at the meeting said: "Overall, the management of China's rare earth industry achieved positive results , but the industry has long accumulated deep-rooted problems have not been fundamentally resolved. "

At present, China's rare earth industry basically stable , the main production and export of rare earth products does not appear to shrink, but the influence of domestic rare earth market prices fall , the main business income and import and export trade volume decreased, business efficiency is not high.

Although rare earth prices are a major factor in the market downturn , but the extensive mode of development , resource utilization efficiency is not high, the separation of smelting serious excess capacity , high-end application development lag, serious ecological damage to the environment and other issues can not be ignored . For example , illegal, illegal mining production is still quite serious ; reselling illegal rare earth minerals , black markets, smuggling and other export phenomenon ; regulation in some areas are not implemented, some places from local interests, illegal mining, over plans to take unplanned production acquiesce , causing regulatory failure , the policy is not in place ; need to further optimize the industrial structure , the primary smelting separation of excess low-end applications , the lack of high-end industrial applications , the core technology of the kinds of situation has not fundamentally changed.

Industry management to be strengthened

At present, China's rare earth industry is facing structural adjustment to achieve the coordinated development of downstream industries task very difficult. Meanwhile , with the rapid development of strategic emerging industries , such as high-tech industry , the next period of time , the demand for rare earths will continue to increase , for the protection of a steady supply of resources, the need to properly handle resource development and environmental protection, primary processing relationships with high-end applications , the orderly development of resources , effective protection of the environment , sustainable development of the industry virtuous circle. In this regard, JiaYinSong think , need to further strengthen and improve industry management .

First, continue to increase the fighting rule of non- work efforts. From the beginning of the first phase of special rectification of August this year , the illegal trade in rare earth minerals unplanned , over plans to produce in order to carry out the comprehensive utilization of resources in the name of rare earth smelting separation phenomenon is still more prominent in some places also found significant lawlessness . In this regard, for alleged serious violations of local law and corporate supervise the handling , a catch in the end ; right around to supervise the handling of special rectification conduct a joint inspection of liability may not be implemented , remediation work places unfavorable criticism ; make fighting rule non-working normalization, will issue invoices rare 1594 enterprises archiving storage, dynamic monitoring , category management , focusing on supervision , thorough investigation of typical cases , smuggling crackdown ; further improve the reporting system , give full play to the media and public oversight effect.

The second is to implement territorial supervision responsibilities. Establishment of light rare earths and heavy rare earth , fighting rule of non- regional linkage mechanism , the implementation of the unified deployment , coordination, and unified action ; support key RE areas through industrial , fiscal and tax policy , and fully mobilize the local government initiative, effectively protect the development of good earth resources and environmental protection ; clear mission objectives, improve the supporting measures to implement the territorial regulatory responsibility ; increase publicity and accountability efforts, invited the news media and advocacy association of good practices , exposure typical cases , be invited to monitor the individual local authorities suspected illegal negligence , collusion and other illegal activities , severely punished.

The third is to accelerate the formation of large rare earth enterprise groups. Ministry in conjunction with relevant departments to fully mobilize under the enthusiasm of the premise, insisted the Government to promote , market-oriented operation , with enterprises as the main assets as a link to promote mergers and acquisitions, adhere to an integrated, coordinated development, adhere focused, relying on key rare earths enterprises , increase integration, integration focused separation of rare earth mining and smelting enterprises , resolve excess capacity , insisted national unity, maintaining stability , and actively promote the formation of large enterprise groups rare work .

Fourth, to promote industrial restructuring and upgrading of rare earth . Verification of environmental protection , industry access as the starting point, to promote the rare earth enterprises to increase investment in environmental protection , improve resource utilization and environmental protection levels ; formation process in large groups , in line with consolidation , cleaning, principles of promotion , closed batch conversions group , the transformation of a group to support the separation of enterprise transformation , resolve excess capacity ; take advantage of the rare earth industrial upgrading restructuring , technological innovation and other emerging industries of strategic policies to support the development of rare earth new materials and application technology , the development of high-end applications industries, promote industrial upgrading .

Fifth, strengthen environmental access and program management . Continue to strictly enforce the rare earth industrial pollution emission standards, the rare earth industry access conditions , rules and regulations and other measures mandatory program management , environmental inspection of rare earth enterprises and industry access conditions to get into the rare earth enterprises mandatory plan assessment criteria ; norms integrated rare earth resources the use of project management , including waste recycling, included in the program management approach ; linking rare earth mining production planning and invoices , production planning and sales unity.

Sixth, to further improve rare earth regulations. Rare as soon as possible and implement regulations, rare earth production and operations management approach , building industry-wide management system ; increase resource tax reform policy environment , reasonably reflect the cost of rare earth resources and the environment , the formation of rare earth prices reasonable mechanisms to increase local revenue, resources to promote the production and environmental restoration .


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Australian rare earths explorer Arafura Resources Limited 11 December Disclosure and China rare earth industry leader in enterprise resource Sheng and "marriage ", the two sides have begun to try to work at the technical level ; Arafura strategic partnership with China side , expand marketing network and processing systems in order to optimize the cost structure of the relocation route operators gradually clear .

Arafura and September this year, Sheng and MOU (MOU), the proposed joint development of the Northern Territory 's flagship asset Nolan Bray (Nolans Bore) RE projects. Lockyer told shareholders that , with the signing of Sheng and resources is an important milestone in the development of the company , will bring a large number of long- and short-term real interest ; including optimization of technical processes , shorten the project to achieve commercial use , the reduction in capital expenditures and operating costs. Signed a memorandum of understanding is the first step , the two sides will form a long-term strategic partnership to develop a specific framework.

General Manager Arafura director Lockyer (Gavin Lockyer) yesterday said that since the signing of MOU, Sheng and its many Chinese rare earth processing specialist referrals , especially for important guidance in the processing and extraction of rare earths ; recently executed two sides work contract , the same work program cost far less than Australia. In addition, Sheng and also to the Arafura referrals from existing customers , brings many opportunities to project financing , expected future underwriting arrangements for carrying out the role of debt financing will gradually prominent.

Sheng and Arafura Resources wording and strategic progress in relations have been more conservative . Sheng and announced that the Arafura are actively promoting the work to which they belong and the feasibility study of rare earth mining and processing of rare earth separation plant and other aspects . Given that the feasibility study , the two sides have not yet entered into any legally binding agreement. Tips and signed by the investors there are significant uncertainties of the matters MOU, drew the attention of investors to investment risks.

Arafura recently to reduce costs become operational focus. Due to the relatively weak external economic environment , the recent restructuring Arafura start by reviewing compensation programs , streamlining of redundant jobs , the implementation of short and long term incentive programs and other ways to cut costs , this year introduced a number of capital and operating cost savings plan. The large number of rare earth processing work transferred to China is an important measure to cut costs expenditures.

Lockyer disclose plans to build beneficiation field outside Australia, where instead of Nolan Bray Northern Territory , a move intended to take advantage of overseas chemical industrial zone in raw materials, chemical reagents and cost competitiveness of electricity supply , and conducive to the promotion of cooperation with potential underwriters , ultimately minimize downstream capex purposes .

In the global rare earths market outlook section , Lockyer said the recent discussion with a lot of potential customers and end users , the market for rare earth magnets can be felt (10% CARG) needs the most exuberant , this advantage is Nolan Bray project lies. Also widely used in automotive and refinery catalyst market lithium , cerium ore demand is also growing.

Notice that, as of the end of the third quarter, Arafura cash balances 29 million Australian dollars, at current levels of capital expenditure , it takes 3.5 million per quarter, the Australian dollar . Lockyer said the company has enough cash to advance the exploration and operational activities , the results of the feasibility study is expected to be released in the first half of next year . At the same time , will continue to maintain and enhance existing strategic partnerships in China and around the rest of the world in order to protect itself sufficient working capital.

Rare earth supply shortage situation in the corporate strategic layout to Australia

Arafura minority in 10 years, a world -class large reserves of rare earth projects pushed production stage companies . Nolan project in the Northern Territory of rare earth production is expected to meet 10% of global demand. In addition , due to the global supply is expected to remain scarce state Nolan include neodymium , europium, dysprosium, terbium , yttrium , including a variety of rare earth products will be considered " critical rare earth" , is expected to receive a huge shortage in global supply commercial interests.

Since 2009 , China 's major producer of rare earth industry consolidation and environmental governance, the world's rare earth supply diversification began to accelerate . However, the current foreign companies entering the production phase of molybdenum company only American and Australian rare earth mine crude saltpeter tyndareus tapas NC company (ASX: LYC) rare earth projects. From the size, composition , stage of development and mining life ( 22 years ) , the Nolan Bray project is to become the first three important goal of rare earth suppliers , production time has been tentatively scheduled for 2016 .

In fact, the attention of the Australian rare earth resources in China Enterprise unusual. Sino Finance Online database shows that in January of this year, Shandong Bureau of Geology and Mineral Exploration and Development (SDGM) and Australia TUC Resources (ASX: TUC) signed a memorandum of cooperation in the exploration and development joint venture intends TUC Northern Territory 8 heavy rare earth mineral rights lease , the two sides still in close negotiations stage ; Beijing cong Lin Group by Australian holding company Orion (ASX: ORM) and shareholding enterprises Northern Minerals (ASX: NTU) invested in a number of rare earth mining projects. In addition, the Arafura largest shareholder China East China Mineral Exploration and Development Bureau (ECE) and strategic investment in capital holdings are highlights concerns about Australia's rare earth resources .

Insiders pointed out that rare earth ore assets with outstanding long-term growth potential is a major reason to attract Chinese enterprises frequently shot . There are rare earth ore industry, " gold" , with excellent optical and electromagnetic physical properties can vary with other material properties, a wide variety of new materials , the most notable feature is the substantial increase in the quality and the performance of other products ; cutting-edge technology can be widely used in the field of military industry, metallurgy , petrochemical , electronics and aerospace industries , new materials manufacturing. As technology continues to progress and expand the field of clean energy , global demand for rare earth ore will remain strong ; rare category of demand as a key ingredient widely used in various industries magnets and phosphors are likely to be further strengthened.


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December 16, 2013 market price of rare earth products

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In recent years, the rising prices of rare earth trading , driven by profits , areas of Fujian and Jiangxi Rare side Daowa rare events become increasingly rampant , repeated. Recently, Citylink forest police in the county town of Lee Hyung estate Longtan Mountain Course a hidden cove , take away the success of an illegal mining of rare earth dens.

December 11 , police received reports Chuansen Lin Wen : Hyung Lee Uk Longtan Town Course is occupied forested areas , Wen Chuan Senlin police quickly organized police rushed to the scene and arrested two workers , but all the other suspects fled the scene , after the scene, this is illegal mining of rare earth dens scene . The next day, police Chuansen Lin Wen County Land Bureau rare joint remediation office , Hyung town government departments unified action , destroying rare four pools , a shed , seized an excavator . The action in the fight against illegal mining of rare earth resources, protection of forestry resources , prevent pollution , and achieved good results.

Ministry of Commerce announced the first batch of rare earth export quotas next year , a total of 15,110 tons of light and heavy rare earths , a slight decrease of 2.5% compared with 2013 . However , insiders believe that , due to the recent downturn in the rare earth downstream demand , the export volume has been far below the actual export quotas , export quotas reduced real meaning has little importance is gradually reduced.

According to industry practice, the Commerce Department released a year usually two batches of rare earth export quotas, the first batch of quotas typically accounts for about half of the annual quota.

It is understood that access to rare earth export quota total 27 companies , get the most light rare earth quotas Solvay Baotou Rare Earth Co. , reaching 1,099 tons . Surprising that, as the rare earth giant Baotou Rare Earth , or not get the quota because of environmental issues .


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Due to weak demand , continuing weakness in the rare earth market . Currently, the market is not good news , both supply and demand are more waiting to see the rare earth is expected to affect the market price will remain deserted by demand fell slightly , the market continues to light.

Dysprosium oxide mainstream manufacturers tax 175-185 yuan / ton, dysprosium iron mainstream manufacturers tax price 195-205 yuan / ton.

Praseodymium oxide mainstream manufacturers tax price 560,000-580,000 yuan / ton. Neodymium oxide 315,000-325,000 yuan / ton.

Neodymium oxide, praseodymium mainstream manufacturers tax price 310,000-320,000 yuan / ton , praseodymium , neodymium metal mainstream manufacturers tax price 390,000-400,000 yuan / ton.

Fluorescent europium oxide mainstream manufacturers tax price 4,500-4,700 yuan / kg. Terbium oxide phosphor grade tax price of mainstream manufacturers 3,400-3,500 yuan / kg.

Lanthanum oxide manufacturers tax price 22,000-23,000 yuan / ton. Cerium oxide mainstream manufacturers tax price 23,000-25,000 yuan / ton.


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It is understood that the "current production of rare earth industry in China can fully surplus on foreign exploration and development of rare earth mine and continue to achieve results under external attack , the situation of China's rare earth companies is very optimistic. "President Baotou Rare Earth Research Institute Yang Zhanfeng not without concern said.

China Rare Earth Measured Resource once accounted for nearly 90 % of the world 's rare earth industry has developed rapidly , fame . Today, on the middle reaches of China 's rare earth industry , such as the separation of rare earth smelting production areas , alloys , etc. can have serious excess capacity, while at the international level , the United Kingdom , Russia and other major developers have announced the news of rare earth projects , which will allow domestic rare earth companies feel the pressure.

China 's rare earth industry insiders , such as secretary-general of Ma Rongzhang said that at present China rare earth separation smelting enterprises have more than 110 , with an annual capacity of about 300,000 tons , but in 2012 China 's rare earth separation smelting legitimate product yield only 8.2 million tons, nearly years of annual global consumption of rare earth is only about 12 million tons. So accounting down , consolidated operating rate of separation of rare earth smelting enterprises in China is less than 30%.

" stimulated by economic interests , over the past few years, Chinese production of rare earth alloys rapidly expanding , has shown a general overcapacity situation. " Xiamen Tungsten Co., Ltd. President Zhuang Zhigang said.

Although rare on the middle reaches of the enterprise serious excess production capacity , currently China 's rare earth industry around new projects and industrial parks are still large numbers.

" In 2000, the annual output of China NdFeB rare earth permanent magnet materials can only 0.8 million tons, just ten years time , the production capacity will increase 30 times , however , expansion, new projects are still emerging. " Beijing Channel Consulting Co. analyst Chi Wu Chen -hui said.

Since 2010, many parts of China 's rare earth industry in the construction and planning of the park , the National has about 18 rare earth industrial parks, these parks and many more resources for the core extends downstream industries , involving rare earth smelting and separation of rare earth alloy materials production and processing , planning similar , low-level redundant construction of a serious problem .

Although the domestic rare earth industry capacity has been saturated , but affected by the international market factors such as rising prices of rare earth , the United States , Australia, Russia , India, Brazil , Thailand and other countries in recent years have started to recover or start the development of rare earth resources. As these projects come on stream , China 's rare earth industry is facing greater pressure on the operation .

For this internal and external pressures , some industry insiders believe that is not all bad . Zhang Anwen , deputy secretary general of China Society of Rare Earths , said: " Supply pattern changed in favor of Chinese rare earth mine life extension , conducive to the sustainable use of China's rare earth resources . Over the past 20 years, the world's rare earth supply is heavily dependent on China , leading to excessive consumption of China's rare earth resources , illegal exploitation , destruction of the ecological environment issues outstanding. "

Is aware of the crisis and challenges of China 's rare earth industry , has now increased merger and consolidation efforts, initially to build from the Baotou Steel Rare Earth Group , Aluminum Group , Minmetals Group, a group set of resource extraction, smelting and separation, processing applications , R & D as one of the rare earth enterprises.

In the formation of large rare earth group speed , while China will be through environmental review , environmental restoration , resource tax reform and improve industry access policies , mandatory plan to optimize production management , improve relevant laws and regulations and other measures to increase the production capacity of rare earth behind out of efforts to further promote the transformation and upgrading of industrial structure of rare earth .

"Developing the future direction of China 's rare earth industry , the production of high value-added products must be to improve the comprehensive utilization of resources , improve product competitiveness , so as to maintain the advantage. " Marong Zhang said.

The industry believes that the global supply of rare earth diversified pattern is taking shape , China 's share would decline, but the future of China's rare earth dominance in the international market is difficult to shake . Currently RE development projects implemented abroad, mainly the production of light rare earth products , and therefore the future of light rare earth product market competition will become increasingly intense, but China will remain dominant in the supply of heavy rare earth products .


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