Rare earth prices fall 2013 world demand of about 107,000 tons

"Japanese Economic News" reported that on July 8, hybrid and digital home appliances production indispensable rare earth prices have fallen because of Chinese restrictions on exports to the soaring level of 2010-2011 years ago. Japanese enterprises have recently been working to reduce the use of rare earth as well as the development of alternative materials and new origin. The price decline can be said that the Japanese government and enterprises to develop technologies to reduce the use of resources results, these technologies may be used in place of origin is too restrictive, and other rare metal resources.

As of mid-June 2013, China's exports of rare earth prices have been the main category than in May decreased by about 1 percent. Neodymium magnets for high performance dropped about $ 70 per kilogram, while the dysprosium dropped about $ 500 per kilogram, the price was only in July 2011 when the high point of about 1/7.

Reported that in the field of rare earth, China accounted for about 90% of world production. Cut export quotas by China and Japan in 2010 collision impact of price spikes. Neodymium and dysprosium prices peak in 2011 when the original rose 10-20 times.

In Japan, the production of the core components of the hybrid magnet motor is typically used when dysprosium, but accompanied by rare earth prices soaring, do not use the product dysprosium has increased. Total use per car magnet than 2011 years ago, and then decreased by 4 percent. Honda in 2012 developed a hybrid of dysprosium can be 3 percent reduction in the use of technology. This technology will be used in the future listing of new hybrid vehicles to reduce procurement risk.

According to industry projections, in 2013 the total world demand for rare earths is about 100,007 tons. Than the 2012 growth of about 7%, but growth has been slowing.

Japan's Showa Denko from mid-June to improve its position in China's Jiangxi Province, rare earth alloy factory operating rate. However, the inquiry from the Chinese magnet manufacturers are not enthusiastic, with its factory in Inner Mongolia Autonomous Region in China's overall operating rate of less than 1 percent.

"Nikkei News" also reported that, to maintain a large inventory of Chinese manufacturers are constantly a sale. Chinese exports to Japan in 2013 from January to May increased 49% over the previous year. The Chinese government is also worried that rare earth prices collapse, as one of the measures of price stability, began to strengthen the campaign against illegal mining. Therefore, after entering in July, there are some rare earth prices began to rise.

Head of the Chinese Rare Earth Mining Ministry of Industry and Information Technology held in mid-May an emergency meeting and decided to introduce supervision during production trends in the enterprise systems and random mechanism. The ministry official said, on the issue of repeated indiscriminate local governments in the future to strictly pursue its oversight responsibilities, will also strengthen penalties.

Specific regulations not yet released, but the Ministry of Industry and Information Technology Ministry and the Ministry of Land and Environmental Protection has collaborated in various places on the illegal exploitation of the investigation. June, is considered to be rare in Luancai cause worsening water pollution Xunwu County in Jiangxi Province, the local public security department launched a massive illegal mining report campaign. Number of business-related persons have been arrested on suspicion of illegal operation, illegal enterprises were ordered to stop.


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