The future of light rare earth supply is likely to remain China's rare earth era

Baotou held the 5th China Baotou Rare Earth Industry Forum, Baotou Steel Rare Earth (Group) Hi-Tech Co., general manager Zhang describes the current situation of foreign rare earth resources, and the cost advantage of China's rare earth ore carried out a detailed analysis that , the future of light rare earth supply is likely to remain China's rare earth era.

China's rare earth mine production costs are much lower than foreign rare earth ore. With Bayan Obo iron mining, ore-situ leaching of heavy-ion technology is not comparable foreign rare earth mine. Almost all foreign rare earth project is rare for a single product project. Foreign mining methods in a project to re-open pit blasting style and ground-based exploitation.

　　
China's rare earth mine has an absolute cost advantage. China's rare earth export quotas, mandatory production plans as well as customs limit are designed to protect the precious rare elements. Diversified world's rare earth supply pattern is formed, worsened lanthanum, cerium and other light rare earth products overcapacity problem. Therefore, the future of our country is likely to take the rare earth element management approach, for lanthanum, cerium products, is likely to further liberalization of the restrictions. At present, foreign project to light rare earth-based, if our lanthanum, cerium product restriction policy adjustment, will give them the impact can be imagined. Therefore, the future of the light rare earth supply is likely to return to the era of China's rare earth, while the Chinese Rare Earth as a unique resource advantages, can still maintain a fairly long-term competitiveness and market discourse.

Finally, he put forward the development of China's rare earth industry, a few suggestions: First, strengthen sector management: illegal mining, illegal production, smuggling is restricting our products the normal development of a rare earth industry tumor. Eradication of black chain in order to ensure the healthy development of rare earth industry, improve China's rare earth industry's overall competitiveness. Second is to establish long-term price stability mechanism of rare earth products: Rare Exchange is a good platform. All businesses on the same platform for fair trade, in line with market rules, for the future long-term futures of rare earth to stabilize the international market for rare earths will play a key role. Three large groups is to play advantage. Fourth, the rare earth industry with a clear division of high-end applications.


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