Baotou Steel Rare Earth accused of price volatility is not a rare injury enterprise

In 2011 when the price of rare earth experienced a roller-coaster volatility, rose and then fell, so that enterprises miserable.

Chengdu Galaxy Magnets AG General Manager Wu Zhijian told reporters: "Our company has worked with other companies to cooperate, NdFeB magnets with adhesive made of brushless DC motor instead of the original AC motor, more than 78% performance increase, but in 2011 In preparing a large number of promotional efforts, but suffered rare earth prices skyrocketing. "

Wu Zhijian introduction, when bonded NdFeB magnets if you continue to use, the cost of each motor to increase 30-40 yuan, downstream users and the market simply can not accept, so the whole project stalled.

Steel Research Institute deputy chief engineer Li Wei said that from August 2011 to adjust, China's rare earth prices have continued to adjust about 17 months, fell more than 80%, the current rare earth prices have been approaching or even lower than the cost of business lines. The soaring price of rare earth industry will affect the smooth development of the inverter motor, MRI and other high-end equipment manufacturing industry impact, and now the price slump would affect the sustainable development of rare earth industry.

China Rare Earth Industry Association Marong Zhang told reporters, rare earth industry is currently researching and compiling the long-term development plan, the Association will be completed before the end of 2013 planning.

Baotou Steel Rare Earth accused of not play a leading role

Northeast a rare earth enterprises responsible person told reporters: "As an industry leader in the Baotou Rare Earth only consider the recent interest, do not value the long-term interests. 2011 Rare earth prices soaring to downstream applications hurt the enemy, then the Baotou Rare Earth is able to control prices, but it did not go to control. "

It is understood that the Baotou Rare Earth Rare Earth has formed a complete industrial development pattern, has from rare earth mineral processing, smelting, separation, scientific research, processing to the application of a complete industrial chain, is China's largest and the world's rare earth industry base, is the Chinese rare earth industry leading enterprises. In China Rare Earth integration scheme, initially identified the five leading companies, the first one is the Baotou Rare Earth.

Currently, rare earth resources in Inner Mongolia Baotou Steel Rare Earth control is very strong, has been dominant. Rare earth resources in northern China more than 90% are from Baotou Bayan Obo mine. The group company has mastered 95% of the mineral resources of Baotou.

"In 2011 when the earth rose, Baotou Steel Rare Earth is earned, but we all ran downstream customers if the Baotou Rare Earth let the price growth rate has stabilized somewhat, and slowly rose up and downstream will gradually accepted." Above Northeast rare earth enterprises responsible person.

According to the person in charge is expected, if the original rare earth prices stable in NdFeB, for example, can be output to 300,000 tons. Now has been staying under 100,000 tons.

Insiders said rare earth, rare earth prices lower when the Baotou Rare Earth will immediately take measures, but prices are skyrocketing, the Baotou Rare Earth does have price stability should be the responsibility of living, so that the healthy development of the industry.

Last year, the rare earth industry in the doldrums, the Baotou Rare Earth discontinued insured had three published announcements in the entire industry shut down to protect the price a month later, some rare earth stock market appears broad and representative species of rare earth neodymium oxide, praseodymium prices rose 20%, to reach 45 per tonne million. But after a brief rise, prices will fall. Ultimately, the 2012 annual average price of rare earth fell by about 40%.

In pushing the Baotou Rare Earth Rare-Earth Exchange issue, the person in charge of rare earth enterprises Northeast said: "If all the rare earth are placed on the trading platform, so why not put their Baotou Steel Rare Earth products come out all transactions transactions carried out? Did you also have the OTC? then the price becomes opaque. "

Baotou Rare Earth Products Exchange Limited Gu Ming, general manager, told reporters that the hope for future business transactions have come here voluntarily, Baotou Steel Rare Earth or to take it easy, not a beginning were getting all the rare earth exchange to.

The person in charge of rare earth enterprises Northeast because of the skyrocketing price of rare earth in 2011, a large number of well-known downstream customers eventually disappear.

"We produce NdFeB products, household electrical appliance enterprises will use, I've been Gree, Gree air-conditioning are all original NdFeB, as NdFeB price instability, Gree, Midea and other companies have to use ferrite body, in fact, the energy saving effect with NdFeB be better. Ferrite a technical setback. "the official told reporters.

Statistics show that currently used by the inverter air conditioner compressor into ferrite magnets, NdFeB two kinds. Ferrite magnetic low, relatively inexpensive, and more for the production of low-end inverter air conditioner; NdFeB is mainly used in the production of high-end inverter air conditioner.

Wu Zhijian even more disastrous situation encountered in his company's customers, there are already a number of auto parts manufacturers to use as a raw material NdFeB, but the 2011 rare earth prices soaring, only to give NdFeB.

"One of our customers, is a world leading supplier of car seats motor, and because it is unstable rare-earth prices, the development of proposed future use ferrite motor products. For us, the customers stopped purchasing the product or use plan has been very terrible, but even more frightening is that the application of product development work stopped, this may lead to late applications market demand NdFeB severe contraction. "Wu Zhijian said.

For comparison between ferrite and NdFeB, the Northeast company official told reporters: "The key to see two prices, a rare earth prices, a copper price. Follow from 2010 to 2011 about the price, praseodymium Neodymium (rare earth) the price of 500,000 yuan per ton, the price of copper in the 6-70000 yuan when Talia was balanced; if praseodymium neodymium 300,000 yuan per ton, copper prices remained original bits, NdFeB is more favorable. "

Wu Zhijian said, praseodymium neodymium per ton at between 300,000 to 400,000 yuan, downstream customers are acceptable.

Had plummeted hurt downstream, lower prices now, there have been companies Baotou told reporters, now do one t lose a ton, has quit.

Jiangxi Ganzhou a rare earth separation companies also said that last year, after a slump of rare earth, we are unable to take orders, as long as orders should a loss. Finally, the company altogether discontinued two months, giving employees a holiday.

Ma Rongzhang that, by the supply and price stability, resulting in a general lack of confidence in the supply and demand sides. For the coordination of supply and demand, promote consumption, should be established on the downstream corporate strategic cooperative partnership.


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