November 8th, 2013 Price of rare earth products

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In response to the WTO may come against difficulties, China Rare Earth hands ready to do enterprise level , on the one hand to expand the scale of restructuring and integration to form BaoTuan force, on the other hand the development of diversification. At the national level, a number of New Deal response is brewing export change in the situation , including the crackdown private mines and so on.

WTO Disputes Settlement Subcommittee on the United States, Japan, Europe and the needle since early 2012 on the Chinese rare earth export controls have already made a preliminary ruling proceedings , basically agreed plaintiff 's argument that China has in the rare earth export restrictions , export taxes and other practices violated commitments. Although this news has not been the World Trade Organization (WTO) for official confirmation , but this insiders believe that China lost within expectations , the future China will expand or rare earth export quotas. So, this decision will be China's rare earth enterprises and what impact ? Chinese enterprises will be how to deal with ?

Perhaps the situation is not so bad

Learned that because the message without official confirmed that the current prevalence of academia but also all kinds of speculation and controversy, Foreign Trade University, China WTO Research Institute , said Tu Xinquan , the current WTO is only tentative judgment issued by the relevant national notice Distance final ruling is still some time, but almost no hope to win the future China will have to cease the levying of rare earth export taxes , but export quotas might be able to fight .

Insiders bluntly: " the unsuccessful outcome is Chinese rare earth quotas cancellation policy , open the supply of rare earths , the government can not constrain the export business behavior . " Past experience shows that companies competing prices is inevitable. Because of the quota system disappeared ( without limiting exports ) , the face of the huge benefits , China 's excessive and indiscriminate digging earth , illegal smuggling of exports and other issues, or to re- emerge in the market , while the rare return to the " cabbage price" also increasing the likelihood .

Xiamen University, China Energy Economic Research Center Lin Boqiang but somewhat disdain , he said: "I did not so exaggerated . "On one hand , has not been officially confirmed , including the Ministry of Commerce , Ministry of Industry and other ministries has not released information about the rare earth litigation , WTO also did not release information. Even if true , it would not cause much impact on China's rare earth industry , particularly strategic resources in their own hands , is not wrong ; the other hand, status quo, for their own environmental protection , quotas system should not be canceled short-term .

It is understood , WTO principle, requires the elimination of export restrictions, but provides for two exemptions : "To protect people , animal or plant life or health measures " and " with the protection of exhaustible natural resource-related measures if such measures with restrictions on domestic production or consumption with the implementation . " "Once the results are unfavorable to China , China will certainly be carried out within the framework of the WTO complaint . " litigator Hao Junbo International Business Times said that for China .

In fact, the Commerce Department has repeatedly said that on the rare earth issue, China policy objective is to protect resources and the environment and achieve sustainable development, has no intention of trade-distorting way to protect domestic industries . China has always respected the rules of the WTO , and actively fulfill WTO commitments. Commerce Department had also said, " China will carefully study the prosecution panel filed a request , and according to WTO dispute settlement procedures to be properly addressed. " Last year, the Ministry of the person concerned has publicly said that China will actively responding to, and stressed that" China 's rare earth policy measures taken entirely for the protection of resources, environment and sustainable development, in line with WTO rules . "

China is the world 's rare earth resources most rich countries, while 80 percent of China 's rare earth resources concentrated in the header.

Some large state-owned enterprises generally rare means "not so pessimistic ." Baotou Steel Rare Earth Wei Hua shares Xiamenwuye other 12 rare earth production and circulation enterprises invested 10 million yuan each common form of rare earth trading platform - Baotou Rare Earth Products Exchange Limited was established . The company was founded signified by the enterprises themselves, the sponsoring organization of rare earth rare earth products to complete the formation of spot trading platform , the platform will host China's first rare earth products electronic disk operations. Insiders expect the trading platform to be able to play a positive role in stabilizing prices of rare earth .

It is worth mentioning that, in the unity of national strategic planning development, many private enterprises have gradually been rare SOE merger integration , such as Baotou Rare Earth consists essentially of Baotou Rare Earth Group's control . Baotou largest private manufacturer Baotou Rare Earth Rare Earth Co., Ltd. China Magnesium has an equity price , no independent production and management of rare earth .

Another rare in Inner Mongolia eliminated upstream enterprise integration work, 35 were included in the consolidation phase in the enterprise, 13 included in the scope of cooperation restructuring Baotou Steel Rare Earth , 18 to implement compensation off , four were eliminated shut down . This marks the Baotou Steel ( Group ) Corporation mainly light rare earth resources in northern China unified mining, uniform dressing, smelting separation unified , unified operation and management of the franchise initially formed .

The southern provinces are also engaged in the integration of rare earth enterprises , such as explicit by the Guangdong Guangdong Group completed the rare earth industry in Guangdong Province, the existing rare earth mining, smelting separation of enterprise integration . February 27, 2012 , relying Guangdong Rising Assets Management Co., Ltd. of Guangdong Province as the main rare earth industry group was formally established , and strive to become the national focus on the development of the three rare earth enterprise groups.

In addition, the Commerce Department also issued in June invoices earth system as the "national franchise system " technology -based rare earth invoices in Inner Mongolia and Sichuan, the first pilot . This means that , following the salt industry and tobacco industry to adopt national franchise , the rare earth industry will also be included in the "national franchise " range. Industry sources said the franchise system will cover China rare earth rare earth mining , smelting , processing, sale of the entire industrial chain. More specific system designed by rare earth reserves , mining , smelting , consumption of four parts , mining , smelting and consumer enterprises system authentication and network signed a year into the reserves of rare earth mining and consumption of two areas , completely blocking illegal manufacturers to obtain rare earth way . It is foreseeable that the government is bound to accelerate the ongoing process of integration of domestic rare earth enterprises , as soon as the end of the rare earth industry, private mining overdraft excess production , as well as disorderly competition chaos . Currently hundreds of domestic rare earth enterprises will eventually be integrated into two or three . Clear pattern has not yet formed

Nevertheless , the aforementioned Baotou Rare Earth business people still believe that the integration of rare earth clear pattern has not been completed . "The government will make use of the time for appeal previously thought to achieve integration purposes to play on the international market picked up a fist fight out effect, but did not expect to be so hard to integrate , local, inter-enterprise , as well as upstream and downstream , etc. are all playing the abacus , each hold the interest . "

And there is no clear pattern of integration , it means that the market disorder and produce surplus situation will continue to exist, Deputy Secretary-General Chen Zhanheng Chinese Rare Earth Society said, now is oversupply, the annual quota of 30,000 tons , the actual sales 10,000 tons . One can not ignore the background , the current domestic rare earth separation smelting capacity has been severely surplus. Ganzhou Rare Earth Qiandong Bin Gong Group Chairman and Managing Director said that the current separation of the South ionic rare earth smelting capacity has exceeded 100,000 tons , and as the boss of Jiangxi Province, Southern Rare Earth 2013 production targets for the first batch of 3,950 tons .

According to the China Rare Earth Industry Association, introduced the Secretary-General Ma Rongzhang Southern separated ion ore smelting enterprises to obtain more than 70% of unknown origin . According to statistics, China 's rare earth more than 200,000 tons , the actual annual production capacity of 15-18 million tons, while the actual global annual demand of 13 million tons, China 's demand of about 100,000 tons .

Chinese Society of Rare Earths expert who requested anonymity said that although the pattern of rare earth supply diversification trends are becoming evident , " but if the abolition of quotas and tariffs , China rare earth prices will plummet , may again squeeze rare in other countries production line. "


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In late October , the World Trade Organization (WTO) dispute settlement panel to submit a preliminary ruling to the Chinese that support for Japan , the United States and the European Union on Chinese control of rare earth export tariffs violate WTO rules opinions. At the same time , the world's supply of rare earth diversified pattern has been formed , and hundreds more have been put into new projects is seeking to compete for the global rare earths market share. Reporters recently interviewed national experts learned that by the above two factors, China's rare earth products market will exacerbate the polarization of light rare earth products, or will encounter strong impact .

Full liberalization of domestic exports or

Institute of the Ministry of industrial raw materials CCID Institute Yuankai Hong told reporters that China lanthanum , cerium and other light rare natural reserves are relatively large excess phenomenon, and dysprosium, terbium and other heavy rare earths are scarce . Terbium , dysprosium is an important part of the permanent magnets , and more used in high-tech fields , substitutability small . Global reserves of heavy rare earth less gap, is a veritable scarce commodity . While 70 % of the heavy rare earths are located in China , which is also the world compete for the main reason for China's rare earth resources .

Rare senior experts , Inner Mongolia Rare Earth Co., Ltd. Huayi Vice Huyao Bin believe , WTO rare earths in favor of litigation is unlikely. In accordance with the dead convention, Chinese export products should be abolished for all taxes and fees, except as expressly provided . Annex to the Agreement listed rare earth tax rate of approximately 10%, which is the highest tariff charged at the standard of rare earth , while China 's rare earth export tariffs currently at 25%. In addition , in accordance with WTO rules , rare earth quotas have to be canceled. Practicing rare earth export quota license system since 1998, has more than 15 years , October 28 , the Ministry of Commerce announced the 2014 re- rare earth export quota reporting conditions and reporting procedures .

"In the case of full liberalization of exports , China's light rare earth market will usher in a more brutal competition in the market of rare earth severity of the two products will exacerbate polarization. " Huyao Bin says. Huyao Bin pointed out that the heavy rare earths , the lowering of tariffs and quotas will undoubtedly stimulate and expand the resource exploration and development , increasing environmental degradation origin ; LREE , domestic existing and new production capacity will be competing LREE release , market conditions or back into a few years ago appeared "cabbage price ."

However, Huyao Bin also told reporters that the next step, China will be advanced to the WTO Arbitration Commission further complains that even losing our country adjust to the new policy of export tariffs and quotas , as well as six months to one year grace period , that is rare tariffs, quotas may fully liberalized by 2015 at the latest .

Overseas expansion propelled polarization

Inner Mongolia University of Technology Dean Zhang Yin earth in an interview with reporters said that foreign capacity expansion propelled the polarization.

Zhang Yin said, except for China , the world has more than 260 companies , more than 420 rare earth projects concentrated in the Americas , Europe and Africa , and the project mostly light rare earth -based, which will to some extent change the global pattern of light rare earth supply and demand . Statistical point of view , if the project has been put into all of overseas production , China's rare earth products will be 95% global market share dropped to 73% ; expansion of production again , this proportion dropped to 57%. If the completion of all construction projects in foreign countries of production, the proportion of China's rare earth supply Jiangzai dropped about 50%.

China Rare Earth Industry Association Secretary-General Ma Rongzhang said light rare earth products abroad, the cost advantage of China's light rare earths also weakened the international competitiveness . According to his analysis , the U.S. molybdenum company of rare earth products cost less than direct Baotou Steel Rare Earth , because the cut-off grade molybdenum mining company more than 9 percent , Baotou mine cut-off grade of only 5% , and molybdenum Our own gas-fired power plant , electricity cost is only 0.2 yuan / kWh. In addition, foreign light rare earth mine with scores better than the domestic . If you take into account the impact of export tariffs and quotas , domestic rare earth products are exported to the international market to increase by about 20% the cost . Global capacity expansion may lead to global light rare earth prices fell , while the heavy rare earth supply remains tight , which will exacerbate the severity of the situation of rare earth market rainbow night .

Experts suggest that promote balanced use

The severity of the polarization of the two major markets of rare earth products , adverse balanced development of the industry as a whole . In view of this , Ma Rongzhang proposal , government and corporate balance strongly promote the use of light and heavy rare earths . Lanthanum , cerium and other elements of an annual surplus surplus 30,000 ~ 50,000 tons , we should vigorously develop new markets, encourage lanthanum , cerium in the field of environmental protection , structural material in applications such as water purification , catalyst, UV protective glass, rare cast iron, steel, rare earth , rare earth magnesium , rare earth copper, rare earth and aluminum , combined with comprehensive development on the downstream industry chain . According to the current changes in domestic and foreign markets as well as rare earth

Reserves characteristics, there are other ways to take the severity of the focus control heavy rare earth exports .

General Manager Zhang said that Baotou Steel Rare Earth , Baotou Steel Rare Earth is the world's largest light rare earth suppliers , Chinese light rare earth export restrictions opens, will be fully integrated into the international market, facing fierce competition. He suggested that the current north-south several Rare Earth Group as soon as possible scientific management mode , allowing operators more in line with market rules . This is very beneficial not only for the industry regulator , also in line with market rules and WTO rules .

Reporters learned that, although WTO rules do not support the number of Member States to restrict exports of high tariffs and setting behavior , but allows member states to manage exports through export qualification . A total of 17 species of rare earth , if he loses , China can also negotiate with foreign countries , first release the export of some varieties , namely light and heavy rare earth export of differentiated management , try to weaken the polarization impact on the domestic rare earth industry .


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November 8 this earth prices will remain stable , because most suppliers Shouchu optimistic , but downstream inquiry is still light, needs calm down , it is difficult to increase prices of rare earth .

Praseodymium oxide mainstream manufacturers tax price 560,000-580,000 yuan / ton. Neodymium oxide 320,000-340,000 yuan / ton.

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

Lanthanum oxide manufacturers tax price 26,000-27,000 yuan / ton. Cerium oxide mainstream manufacturers tax price 25,000-27,000 yuan / ton.

Neodymium oxide, praseodymium mainstream manufacturers tax price 330,000-340,000 yuan / ton , praseodymium neodymium metal mainstream manufacturers tax price 425,000-435,000 yuan / ton.

Europium oxide phosphor grade mainstream manufacturers tax price 4,500-4,700 yuan / kg , terbium oxide phosphor grade mainstream manufacturers tax price 3,850-3,950 yuan / kg .


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Dysprosium Rare Earth Market this week, in addition to a larger class of product price adjustment , the majority of rare earth products remained stable . Despite the small number of product price increases , but the magnitude is not large , the market turnover is still not active. It is with some manufacturers and traders to understand , even though manufacturers listed price on the market caused some impact, but may be difficult to lasting positive effects . The listing price is so high only short-term support to facilitate market transactions under the price , but with the current situation , the long-term decline is hard earth .

Neodymium praseodymium prices slightly after the mainstream price range is relatively stable , the order is still not much, praseodymium neodymium currently on the market with ticket prices are still 42-43.5 yuan / ton or so, not much change, and it is understood , close to the weekend , there are also slightly less some suppliers to cut prices situation.

Dysprosium products market , with a ticket price of dysprosium oxide is currently 1.9 million yuan / ton , compared with the market price increases last weekend 10-20 yuan / ton. The higher the market price at 1.95 million yuan / ton, two days yet significant change. Dysprosium iron market with a ticket price of 193-195 yuan / ton or so , the higher the price of 200 yuan / ton or more. Dysprosium oxide prices due to fluctuations, there are traders in recent days there is indeed a small amount of orders reflects the transaction . Dysprosium price volatility , traders are also making love products.

Europium, terbium oxide market , despite the quoted prices are generally higher than the spot price , suppliers did not offer to do too much adjustment, the current europium oxide, terbium prices to maintain the level of the end of October , a relatively small amount of inquiries and orders . Europium oxide with ticket prices at 460-470 yuan / ton, terbium oxide with votes 370-380 yuan / ton.


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November 6 , Yizhang County held against rare earth mining , production, circulation special action illegal working sessions . The meeting conveyed the protection of rare earth resources in the work of state documents , listened to YiZhangXian against rare earth mining , production, circulation special action illegal behavior . Provincial Commission by letter of the Director CHEN requirements of industrial raw materials , Yizhang county government is necessary to protect existing resources , but also to attach great importance to crack down on illegal mining, production, circulation of illegal activities , illegal poaching trade enterprises can not acquire conduct of operations, enterprises should grasp the national policy, abide by state regulations . County Standing Committee, deputy governor Yuan chapter meeting.

According to Provincial Commission by letter , Public Security Bureau, Land and Resources Department , Environmental Protection Department , the IRS , Trade and Industry Bureau , Safety Supervision Bureau and the Changsha Customs " on the organization of the fight against rare earth mining , production, circulation of illegal acts of the special action letter" spirit of the document , the county actively organized a special action. To develop an implementation plan , clear responsibilities of various departments to develop a work measures to combat illegal activities to ensure that the special action to achieve tangible results . Accordance with the " work plan" requirement , focusing on the organization of specialized personnel within the county involved in the original illegal poaching , undocumented exploration and mining in points for cross-border exploitation , ultra indicators exploitation on the illegal recycling of rare earth resources, trade enterprise dealing illegal exploitation and can not explain the source of rare earth minerals , rare earth trade enterprises will acquire legal separation of mineral sales to unplanned smelting enterprise products and other illegal activities , as well as rare earth recycling of waste products business situation , eleven carried out thoroughly .

The meeting stressed that the relevant township, the county departments should fully understand the current illegal exploitation of rare earth facing the grim situation , strengthen understanding, strengthen leadership , expand awareness , responsibility, strengthen supervision measures and the fight against efforts to crack down on illegal county rare earth mining , production, circulation of illegal behavior .


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Recently, there is news that China is brewing including crackdown private mine , the introduction of "Rare Management Regulations", differentiated management of different rare species including a number of New Deal in response to export -changing. However, insiders pointed out that this combination of punches in order to look good , the government needs to do more to "warm up ."

Recently, Japanese media said the World Trade Organization (WTO) dispute settlement mechanism to complete panel ruled that the interim report , supports the United States , Japan and the EU against Chinese rare earth export restrictions policy violations aspirations. China will be forced to the existing policy of rare earth export quota of rare earth export tariffs to be adjusted.

Soon the news , while media reports, China is brewing a number of New Deal response to industry change in the situation , including the crackdown private mine , the introduction of "Rare Management Regulations" , the different varieties of rare earth differentiated management.

However, insiders pointed out that this combination of punches in order to look good , governments need to do more to "warm up" , while the industry also need a rational view .

Pressure from the WTO litigation

For a long time , disorderly exploitation , destruction of the ecological , low-cost exports is China 's rare earth industry ills . But the United States, Europe, Japan and other economies do not care environment , many times to launch an attack .

Since 2009 the EU requested the lifting of the rare Chinese export quota system products , countries began to fight for China's rare earth exports for various actions , intended to get cheap rare earths.

Investment Advisor in the metallurgical industry researcher Weiqi Ning believes that the future of China 's rare earth industry will show a " wolf inside and outside tiger " situation. He said: "The system of forced adjustment pressures rare earth export quota system , the export tariff will be open . This may not only lead to rectify the problem is being revived , smuggling trafficking phenomenon also on the rise, but will aggravate plight of the industry was forced open . "

China Nonferrous Metals Industry Association vice president, China Rare Earth Industry Association vice president Wang Qin had said in public : "WTO litigation involving nearing the end of rare earth , rare earth export quota management will be canceled in case after the end of the agenda , recommend that you first began to consider a lighter rare earths . " lighter rare earth exports gradually opening up , or to inhibit outflow of dangerous heavy rare earth .

In addition to China , light rare in the United States , Russia, Australia, India, South Africa and other countries also have distribution and reserves greater. But more than 70% of global heavy rare earth are concentrated in southern China , and in the high-tech field , heavy rare earth with light, enhancing the effect of electronic product quality , the role is irreplaceable. Of heavy rare earths are many rare and unique minerals, including heavy rare earth elements such as terbium and dysprosium can only be mined for 30 years.

Industry consolidation paid off

WTO ruling will make 2014 the news of rare earth export environment changed dramatically. Response time left to the Chinese government did not so long expected by the market , which also deepen governance policies Forced rare earth industry accelerated introduction . Brewing industry consolidation as well as a number of legendary New Deal are rare cases does the WTO "warm up" to prepare .

In an interview with analyst Zhang babe International Business Daily reporter interview that through consolidation , illegal production of illicit export of rare earth have converged , irregular transactions to reduce rare earth , some companies began to sell only with votes of rare earths. Rare orders also increased in July and August .

Baotou Steel Rare Earth recently released listing price and the purchasing and storage media, preaching the message , triggering market participants to better expectations. Zhang babe believes that the current part of the business has different magnitudes raised some prices oxides , such as neodymium oxide, praseodymium , neodymium , praseodymium , dysprosium oxide , etc. As expected for the better, rare earth prices likely to rise in November , but the rate of increase and the duration depends on the state purchasing and storage policy implementation and execution of real intensity , and whether there are other favorable policies .

Zhang Babe said : "The state macro-control through the exploitation of resources , production, management is more focused and effective . In any case change , the export prices are the bottom line. "

Chinese Society of Rare Earths authorities told International Business Daily reporter interview that the countries are not introduced special policies for large state-owned enterprises . " a number of policies to improve the access threshold for rare earth enterprises , but in reality to hitting , optimizing industrial structure, develop high-tech . "

Need a rational view

For the price rise, the authorities believe that the price rise is short-term phenomenon , affecting the price of rare earth by many factors, including supply and demand , domestic and international mining , etc. , need a rational view .

Zhang babe also believes that only by the demand for support and promotion of market prices is really good . "Over the last two years, the overall price of rare earth all the way down , in addition to previously high prices , down a large space , the most important reason is the demand is small. "

" part of the rare earth enterprises reflects the current rare few orders and lower profits . Rare upstream and downstream enterprises generally face how to price and enterprises in the production cost and risk management issues . "Zhang Babe pointed out that " the most important question is weak end consumer , which in turn is closely linked with the economic environment . "

The authorities said that since 2011 rare earth prices rose, many downstream firms collapse. Overall global demand is currently weak . Rectifying although some effect, but the black industry chain still exists. "The key is to protect the rare earth industry, upstream and downstream common development of enterprises , the state should be targeted to encourage the development of high-tech enterprises . Which in turn is a long-term process . "


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From 71.1% to 23 %, reflecting not only the domestic rare earth production industry chaos and disorder , it is rare rear chain lacking.

November 4 , Ganzhou Rare Earth Mining Co., Ltd. integrated rare earth mine ( a ) the project EIA report for the Ministry of Environmental Protection approved . This means discontinued two years Ganzhou Rare Earth Mining is expected to re- mined.

Ganzhou Rare Earth integration behind means that the state following the action before the special system , once again increased the remediation efforts for the rare earth industry .

China 's rare earth reserves have accounted for 71.1% of the world , but in 2012 the State Council Information Office published "China's rare earth conditions and policy," White Paper , China's rare earth reserves accounted for approximately 23% of the world's total reserves .

From 71.1% to 23 %, reflecting not only the domestic rare earth production industry chaos and disorder , also has a rare earth backend chain lacking. How to make rare earth separation and the healthy development of downstream industries , is still a thought-provoking questions .

Management control

In 1998, the Chinese government began to implement rare earth export quota license system, and the inclusion of rare earth materials processing trade ban catalog . In 2006, China implemented the total rare earth mining control and management . In 2008, the state promulgated the "National Mineral Resource Planning ", on the rare earth and other specified minerals of which protective mining implementation planning control to limit exploitation, strict access and utilization .

But a series of policies, still can not stop domestic rare earth production industry confusion. Data show that the annual export and smuggling of rare earth disguised about 20,000 ~ 30,000 tons . According to the Ministry of Industry and the relevant responsible person, foreign customs statistics, in 2011 the amount of rare earth imports from China over the Chinese customs statistics, exports up 1.2 times.

Baotou Rare Earth materials in a responsible person briefed reporters , a large number of undocumented , low-cost rare earth products flooding the market , disrupting normal trading order rare earth market , seriously affecting the survival of informal enterprises , even a threat to the safety of the rare earth industry .

Why is it so rare earth industry mess ? Chinese Rare Earth Industry Association, an unnamed expert to introduce the key lies in the lax management of rare earth mineral development , " for example, why the farmer can easily mined ? Why some officials are also involved in mining ? Ultimately , the relevant whether the law department management is the key producer of rare earth . "

China Rare Earth Industry Association Deputy Secretary-General Chen Zhanheng stressed to reporters , the illegal exploitation of rare earth industry for many years , production, exports there has been a chain of black interests .

Overcapacity

Due to loss of control caused by rare earth industry overcapacity , has a profound impact on the downstream industry .

Chenzhan Heng said that the current separation of rare earth enterprises nationwide capacity up to 30 million tons, while the market demand is only 120,000 to 15 million tons , of which about 30,000 international market demand to 5 tons, the domestic market demand in the 70000 ~ 8 tons.

In addition, as a result of state regulation of rare earth prices, but also to its downstream industries has caused tremendous stress. In magnetic materials , for example, rare earth permanent magnet generator costs have risen sharply , making the sharp decline in the competitiveness of enterprises . " This has led manufacturers on the one hand to reduce the use of permanent , only to meet the minimum requirements for basic performance , on the other hand to reduce production , or even stop the production of permanent magnet motor to avoid losses . " Chinese Academy of Engineering PROCEEDINGS of the" China Science News " reporter said.

" permanent magnet wind turbine development gives us the following topics : Upstream and downstream users how to promote mutual development of new technologies and products ? Who coordination , how to upgrade the industrial structure ? " PROCEEDINGS that " For this situation , the relevant departments should accelerate the establishment of coordination mechanism of rare earth prices , upstream and downstream collaborative innovation , to ensure orderly development of the industry , so that appropriate tone positive benefit of the public at home . "

The lack of high-end industrial chain

In a number of experts, to solve the problem of excess production capacity of rare earth , rare earth key is to accelerate the upgrading of downstream processing industries through technology research and development, build high- value-added chain backend .

Chen Zhanheng introduced in the field of rare earth new materials , domestic technology is not worse than abroad . Production of new materials , in addition to the catalytic material production accounts for only 20% to 30% outside the country of permanent magnetic , luminescent materials , hydrogen storage materials, polishing materials are the first production , "The current production of rare earth consumption accounts for 70 percent . "

"But where do we poor ? addition to the many technical subject to foreign intellectual property rights , we are good or rare earth functional materials production , which is the primary product, but these materials are ultimately made ​​products, parts , reprocessing technology urgent need to strengthen policy guidance . " Chen Zhanheng said.

Institute of the Ministry of industrial raw materials CCID Institute Yuan Kaihong also told reporters that at present China's rare earth industry, lack of high-end technology and equipment research and development should be focused on the next step in the development of solutions .

Chen Zhanheng that from resource development , mining, mineral processing , separation and production of new materials, production parts , and ultimately the formation of terminal products for civilian or industrial equipment industry chain is concerned, the domestic value-added in the rear with high chain link is very lacking. " Not just a technical problem , but also some fine processing equipment , product design , process control of the gap, we are from a real high-end manufacturing is still far away , these need to be resolved . "

"Only high-end industrial chain development up , China's rare earth industry will get better development, valuable rare earth resources in order to realize its value. " Chen Zhanheng finally said .


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Recently, the market of rare earth oxides offer a slight increase , but the price is still low , and the volume is still deserted. Recently, purchasing and storage is expected to further strengthen the earth , following the release of its official website Baotou Steel Rare earth oxide listing price after the Rising colored , aluminum rare earth have been published on its official website the listing price . However, the market still no Shouchu the exact message .

According quote form, listing the inclusion of rare earth oxides , including oxide, praseodymium oxide , neodymium oxide, dysprosium and other nine species, the number of varieties released more than Baotou rare earth, rare earth aluminum . November 1 , the aluminum rare earth oxide released a total of seven kinds of varieties ; Baotou Steel Rare Earth on October 31 released only four kinds of rare earth oxides .

However, in the rare earth oxides listed price for the company's price rather than the purchase price, purchasing and storage of relevant staff regarding secrecy ; Rising colored bulletin is issued to clarify the relevant purchasing and storage reports . One time purchasing and storage of rare earth market news lumpy .

Some analysts said that the recent stock market is chaotic earth , manufacturers, traders offer is not active , and some even offer stop turnover deserted. The analyst further said that every juncture purchasing and storage markets are very confusing , as the authorities of the State Reserve Bureau should have a say on the market , several phone calls to the State Reserve Bureau failed.

Some industry experts have said that the national reserve is supposed to be state secrets , the market should not be excessive speculation .


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According to foreign media recently reported that the WTO Disputes Settlement Subcommittee on the United States, Japan, Europe and the needle since early 2012 on the Chinese rare earth export controls have already made a preliminary ruling proceedings , basically agreed plaintiff 's argument that China has in the rare earth export restrictions imposed export taxes in violation of commitments. Although this news has not been the World Trade Organization (WTO) for official confirmation , but this insiders believe that China lost within expectations , the future China will expand or rare earth export quotas. So, this decision will be China's rare earth enterprises and what impact ? Chinese enterprises will be how to deal with ? To this end, China Business Times reporter interviewed some of the rare earth enterprises and experts.

Perhaps the situation is not so bad reporter in an interview that , because the message without official confirmed that the current prevalence of academia but also all kinds of speculation and controversy, Foreign Trade University, China WTO Research Institute , said Tu Xinquan , the current WTO only issued a provisional judgment on the relevant national notice , from the final ruling is still some time, but almost no hope to win the future China will have to cease the levying of rare earth export taxes , but export quotas might be able to fight .

Insiders bluntly: " the unsuccessful outcome is Chinese rare earth quotas cancellation policy , open the supply of rare earths , the government can not constrain the export business behavior . " Past experience shows that companies competing prices is inevitable. Because of the quota system disappeared ( without limiting exports ) , the face of the huge benefits , China 's excessive and indiscriminate digging earth , illegal smuggling of exports and other issues, or to re- emerge in the market , while the rare return to the " cabbage price" also increasing the likelihood .

Xiamen University, China Energy Economic Research Center Lin Boqiang but somewhat disdain , he said: "I did not so exaggerated . "On one hand , foreign media reports have not been officially confirmed , including the Ministry of Commerce , Ministry of Industry and other ministries has not released information about the rare earth litigation , WTO also did not release information. Even if true , it would not cause much impact on China's rare earth industry , particularly strategic resources in their own hands , is not wrong ; the other hand, status quo, for their own environmental protection , quotas system should not be canceled short-term .

It is understood , WTO principle, requires the elimination of export restrictions, but provides for two exemptions : "To protect people , animal or plant life or health measures " and " with the protection of exhaustible natural resource-related measures if such measures with restrictions on domestic production or consumption with the implementation . " "Once the results are unfavorable to China , China will certainly be carried out within the framework of the WTO complaint . " litigator Hao Junbo International Business Times said that for China .

In fact, the Commerce Department has repeatedly said that on the rare earth issue, China policy objective is to protect resources and the environment and achieve sustainable development, has no intention of trade-distorting way to protect domestic industries . China has always respected the rules of the WTO , and actively fulfill WTO commitments. Commerce Department had also said, " China will carefully study the prosecution panel filed a request , and according to WTO dispute settlement procedures to be properly addressed. " Last year, the Ministry of the person concerned has publicly said that China will actively responding to, and stressed that" China 's rare earth policy measures taken entirely for the protection of resources, environment and sustainable development, in line with WTO rules . "

China is the world 's rare earth resources most rich countries, while 80 percent of China 's rare earth resources concentrated in the header. In order to understand the current situation of domestic rare earth enterprises , China Business Times reporter interviewed a week a special trip to Baotou Rare Earth some state-owned and private enterprises.

Some large state-owned enterprises generally rare means "not so pessimistic ." Baotou Steel Rare Earth General Department Minister Yang China Business Times said: "The ruling is true even for large state-owned enterprises will not cause too rare serious impact , or no further wait and see . "and some private enterprises are already clearly felt earth pressure . General manager of the North Rare Cattle Shuo told China Business Times interview, said with deep feeling : "loser surprising ! Private SMEs must find ways to deal with ! "

Cattle Shuo that China 's rare earth resources has always been someone else have the final say in pricing, and other aspects of their exports can not grasp the initiative , the " industrial gold" by "cabbage price" to sell, this is the most distressing . Have taken place in the industry currently excess capacity , if the elimination of export quotas will inevitably lead to the next round of vicious price competition , true to time, small businesses like ours, there is no competitiveness will naturally be eliminated. But for the industry is concerned, such competition may be time-consuming , because when the bottom falls when the market sense , actually favors the formation of a benign rule . Within little more than foreign competition will make both inside and outside the same price. Benefit the bottom line , once formed, we are not easily to touch it.

If the long term, the government remediation industry stronger and as cure poison , formal enterprises were limited production, private open Luancai who was " Unforgiven ," the cost of crime is so high , I am afraid there will be no it was to defy the law of this benefit .

"Anyway, my business is already a red heart and prepare for the ! "cow Shuo said he has begun into rare earth waste recycling environmental projects supported by the state is always doing something wonderful . Measures are some reporters in an interview that , the domestic rare earth enterprises in order to cope with the dilemma may come , is quietly pushing into force restructuring to form . It is reported that six months after the suspension of Wei Hua shares

Recently announced the Ganzhou Rare Earth backdoor plan. Restructuring plan shows Ganzhou Rare Earth will listed as rare earth industry development and capital market financing platform to further integrate Ganzhou area of rare earth downstream smelting and separation operations , and gradually developed into a mining and dressing , smelting separation and processing as one of the major rare earth industry group company .

And at the national level by no means without countermeasures. SW researcher Ye Peipei also believes that China is brewing a number of New Deal response to export changing situation , including the crackdown private mine, intends to introduce regulations for rare metals , rare earth brewing different varieties of differentiated management policies . If the WTO ruled that China rare earth export restrictions violations, the policy is also expected to launch .

May 10, 2011 , the State Council issued " on the promotion of the rare earth industry healthy development of a number of opinions ", the Chinese around the rare earth resource development, smelting separation and circulation market order expand regulation by the Ministry of Industry and the formation of large rare earth industry group programs , now the industry has formed a number of sets resource extraction, smelting separation processing and application technology research and development of rare earth industry in one large group .

August 2012 , by the Baotou Rare Earth , Xiamen Tungsten and other 12 rare earth production and circulation enterprises invested 10 million yuan each common form of rare earth trading platform - Baotou Rare Earth Products Exchange Limited was established . The company was founded signified by the enterprises themselves, the sponsoring organization of rare earth rare earth products to complete the formation of spot trading platform , the platform will host China's first rare earth products electronic disk operations. Insiders expect the trading platform to be able to play a positive role in stabilizing prices of rare earth .

It is worth mentioning that, in the unity of national strategic planning development, many private enterprises have gradually been rare SOE merger integration , such as Baotou Rare Earth consists essentially of Baotou Rare Earth Group's control . Baotou largest private manufacturer Baotou Rare Earth Rare Earth Co., Ltd. China Magnesium has an equity price , no independent production and management of rare earth .

Another rare in Inner Mongolia eliminated upstream enterprise integration work, 35 were included in the consolidation phase in the enterprise, 13 included in the scope of cooperation restructuring Baotou Steel Rare Earth , 18 to implement compensation off , four were eliminated shut down . This marks the Baotou Steel ( Group ) Corporation mainly light rare earth resources in northern China unified mining, uniform dressing, smelting separation unified , unified operation and management of the franchise initially formed .

The southern provinces are also engaged in the integration of rare earth enterprises , such as explicit by the Guangdong Guangdong Group completed the rare earth industry in Guangdong Province, the existing rare earth mining, smelting separation of enterprise integration . February 27, 2012 , relying Guangdong Rising Assets Management Co., Ltd. of Guangdong Province as the main rare earth industry group was formally established , and strive to become the national focus on the development of the three rare earth enterprise groups.

In addition, the Commerce Department also issued in June invoices earth system as the "national franchise system " technology -based rare earth invoices in Inner Mongolia and Sichuan, the first pilot . This means that , following the salt industry and tobacco industry to adopt national franchise , the rare earth industry will also be included in the "national franchise " range. Industry sources said the franchise system will cover China rare earth rare earth mining , smelting , processing, sale of the entire industrial chain. More specific system designed by rare earth reserves , mining , smelting , consumption of four parts , mining , smelting and consumer enterprises system authentication and network signed a year into the reserves of rare earth mining and consumption of two areas , completely blocking illegal manufacturers to obtain rare earth way . It is foreseeable that the government is bound to accelerate the ongoing domestic

RE enterprise integration process , as soon as the end of the rare earth industry, private mining overdraft excess production , as well as disorderly competition chaos . Currently hundreds of domestic rare earth enterprises will eventually be integrated into two or three . Clear pattern has not yet formed , however , the aforementioned Baotou Rare Earth business people still believe that the integration of rare earth clear pattern has not been completed . "The government will make use of the time for appeal previously thought to achieve integration purposes to play on the international market picked up a fist fight out effect, but did not expect to be so hard to integrate , local, inter-enterprise , as well as upstream and downstream , etc. are all playing the abacus , each hold the interest . "

And there is no clear pattern of integration , it means that the market disorder and produce surplus situation will continue to exist, Deputy Secretary-General Chen Zhanheng Chinese Rare Earth Society said, now is oversupply, the annual quota of 30,000 tons , the actual sales 10,000 tons . One can not ignore the background , the current domestic rare earth separation smelting capacity has been severely surplus. Ganzhou Rare Earth Group Qiandong Gong Bin, chairman and managing director , told reporters that the current separation of the South ionic rare earth smelting capacity has exceeded 100,000 tons , and as the boss of the Southern Rare Earth Jiangxi in 2013 the first batch of 3,950 tons production target .

According to the China Rare Earth Industry Association, introduced the Secretary-General Ma Rongzhang Southern separated ion ore smelting enterprises to obtain more than 70% of unknown origin . According to statistics, China 's rare earth more than 200,000 tons , the actual annual production capacity of 15-18 million tons, while the actual global annual demand of 13 million tons, China 's demand of about 100,000 tons .

Chinese Society of Rare Earths expert who requested anonymity said that although the pattern of rare earth supply diversification trends are becoming evident , " but if the abolition of quotas and tariffs , China rare earth prices will plummet , may again squeeze rare in other countries production line. "


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