Japanese imports of rare earths from China accounted for 80% of total

Although in recent years, Japanese manufacturers trying to reduce dependence on Chinese rare earths, but "Japanese Economic News" reported that Japan's dependence on Chinese rare earth rise, not fall.

January 2013 to April 2013, Japan's rare earth imports increased by 19% compared with the same period last year, reaching 4,300 tons. Among them, the domestic rare earth 63% over the previous year increased 11 percent. In addition to China, imports a large amount of rare earth production in France and Vietnam, but these are rare in fact mostly from China's rare earth processing products, so in fact made ​​in China, Japan, rare earth accounted for 80% of total imports.

According to statistics, neodymium (used in magnets) of Chinese export price at the end of about $ 77 per kg. And dysprosium (used to keep magnetic) is about $ 575 per kilogram, compared with April fell by 4%, compared with July 2011's highs above 80%. Currently, neodymium prices have hit two years and eight month low, while the price of dysprosium also hit two years and three month low.


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