Global rare earth production structure has changed China is still obvious advantages

In the 8th opening of the Fifth "China Baotou Rare Earth Industry Forum", the participants in the industry generally believe that the earth diversified supply pattern is taking shape, Chinese independent support global demand for rare earths era will soon be over.

The world's largest single producer of rare earth enterprises - tech Co., Ltd. Baotou Steel Rare Earth Group General Manager Zhang said, a number of foreign countries have engaged in the production of rare earth projects in construction, the proposed project is also a lot the next few years, the global rare earth supply pattern will change significantly.

"This is China's rare earth industry will cause a certain shock", the Ministry of CCID Research Institute Yuan Kaihong said raw material industries, since 2010, the U.S. molybdenum mining company, Australia's Lynas rare earth companies in the implementation of development projects, some projects have been began to market supply products. It also includes hundreds of projects in the exploration and development of rare earths.

Chinese Society of Rare Earths Deputy Secretary-General Zhang Anwen said that last year, the world consumes just over 100,000 tons of rare earth products, the current foreign production and the construction of projects in hundreds of tons of annual production capacity to more than 20,000 tons range, is close to the total size 70,000 tons. Next few years, will form a larger foreign production capacity of rare earth, rare earth promotion of alternative technologies will also reduce the world's dependence on Chinese rare earth market.

"These projects have been put into operation, will increase competition in the international market for rare earths, Chinese enterprises will face challenges." Zhang Anwen said with concern. But he also believes that the international diversification of rare earth supply, there will be conducive to China's rare earth mine life extension, is conducive to the sustainable use of rare earth resources.

"China's international competitiveness light rare earth is weakening." China Rare Earth Industry Association Secretary-General Ma Rongzhang light rare earths in China is not without concern for the future: As the rare earth production projects abroad to produce light rare earth-based, with the expansion of production scale, China light rare earth producers will face a lot of pressure.

However, the Chinese part of the person in charge of a large rare earth enterprises are still optimistic. "The future of light rare earth supply is likely to return to China, China's rare earth still maintain a fairly long-term competitiveness and market discourse." Zhang said.

Although there are hundreds of rare earths project is the investigation, but has been put into production abroad and the construction of major projects, rare earth ore reserves and distribution of advantage is not obvious, for example, the United States Mountain Pass rare earth mine in Baotou Bayan Obo mine only total a few tenth, and both the partition fairly.

Zhang said that foreign project if all built up production, China rare earth products in the global market share may fall from 90 percent to about 50 percent, but the decline in the share of mainly concentrated in the light rare earth, the heavy rare earth China will account absolute dominance.

In addition, increased competition will drive down light rare earth market, given the current overall world light rare earth products in oversupply situation, Chinese enterprises LREE advantage of low production costs, will be able to protect the Chinese suppliers in the market will remain a superior position . China will remain long in the international market for rare earths remain very competitive and the right to speak, can not be other rare earth producers on par with China.

In recent years, significant fluctuations in the price of rare earth products a serious impact on the rare earth market, a blow to the confidence of downstream users, the rare earth industry had a negative impact. "China Rare Earth now is a temporary decline, but if calmly analyze the current situation is not due to a large number of projects put into production abroad caused due Driven by interests, leading to the development of confusion within the industry, the industry needs to purify the environment, integration of resources, can play Chinese Rare Earth industry in the world's influence and competitiveness. "Zhang said.


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