Overseas rare earth supply about 40,000 tons / year is difficult to shake the status of China

Chinese Society of Rare Earths expert group, the National Development and Reform Commission experts have rare original Tianyuan Group on August 12 said that by 2015 China's rare earth companies outside of the total annual supply capacity of approximately 34,000 -4.0 million tons / year (total rare earth oxide , REO, the same below), China as the world's major supplier of rare earth and consumer countries will not fundamentally changed the status.

Tianyuan has said that incomplete statistics show that companies engaged in overseas 261 429 RE projects, from project implementation schedule, the construction scale of 3-5 years will have an important impact on the world market of rare earth rare earth projects are not many , the most important companies in the United States to resume production of molybdenum and Reiner in rare earth plant in Kuantan, Malaysia's full capacity; followed by South Africa Steenkampskraal mine development and construction, these three rare earth enterprises in 2015 is expected to total actual supply capacity of approximately 3.0 Wan -3.5 million tons, India, Kazakhstan, Vietnam, Brazil and other countries are expected effective annual production capacity of approximately 04,000 -0.5 million tons by 2015 China's rare earth companies outside of the total annual supply capacity of approximately 34,000 -4.0 tons / year .

Tianyuan has also said that Chinese rare earth production capacity outside of the emergence of a certain degree of diversification of the global supply of rare earth, rare earth industry to China has brought some challenges, but also for China alleviate some of the supply pressure, but still far from the rapid constitute China's rare earth industry huge impact, China's rare earth industry in the international market position will not change fundamentally in 5-8 years or even longer period of time, is still the world's main producer of rare earth and rare earth products supplier.

"Further rationalize the Chinese rare earth industry, is the key to stabilizing the global rare earths market if the 2015 China will over-exploitation of minerals, rare earth separation serious excess capacity, comprehensive regulation for the 105,000 -11.5 tons / year, respectively, account for 144,000 tons 72.9% of global demand, China's rare earth exports could also be gradually accounted for 70% of international trade. "Tianyuan has said," If a few years later, China's rare earth production and export volume rose from the previous share of global more than 90% to 70%, and the global, the Chinese are also very likely to be a good pattern. "

Tianyuan was once held August 12 in the "Seventh International Symposium on Rare Earth Development and Application of the second session of China Rare Earth Summit" conference made the above remarks.


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