International Rare Earth project development process slowed

Two years ago, the rapid rise in the price of rare earth products, sparking a boom in the development of rare earth resources abroad, hundreds of rare earth projects have started. But for now, the global downturn in economic performance, rare earth prices continue to fall, corporate environmental and cost pressures continue to increase, resulting in full swing once encountered resistance abroad RE project development, showing signs of slowing down. This is a reporter last week to attend the Fifth China Baotou Rare Earth Industry Forum learned.
    
"The global economic growth is weak and rare earth prices fell sharply on the progress of construction projects abroad, the impact should not be underestimated, although the world's supply of rare earth diversified pattern being formed, but the process is slowing down." China Rare Earth Association Deputy Secretary-General Zhang Anwen told reporters.
    
He introduced a few years ago, by the rare-earth prices skyrocketing, the downstream surge in demand, tight supply and other multiple factors, the United States, Australia, Russia, India, Vietnam, Brazil and other countries have started before the resumption of rare earth ore has been discontinued, or start new project development of rare earth resources. Currently, foreign production of rare earth miners have three, including the United States, Mountain Pass mine, Weld mine in Australia, Russia's Kola Peninsula mines, these mines with an annual output of thousands of tons to 25,000 tons from range. In addition, Vietnam, India, Australia, Canada, Kazakhstan, South Africa and other countries are also building a number of rare earth resources development projects, but the progress of these projects may be slightly different schedule. The global economic downturn, cost and environmental pressures and large cases, these projects have not been put into operation of production, yet take time to put into operation.


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