The main producing areas of rare earth export price increments before July

The main producing areas in northern light rare earth exports this year showed the abnormal situation of price increments. Yesterday, the Beijing Chinese Commercial News reporters Cong Zhongguo and Xi Tu Industry Association obtained a set of data show that 1-July, 2562.6 tons of rare earth exports Inner Mongolia Autonomous Region, 1.6 times more than last year, however, during the same period, the export price was only $ 12,000 / ton, or up to 61.3%.

Price increments for the rare earth industry status quo, the industry, the explanation given is that national quotas to increase the export volume increased, while global demand remains weak, which is restricting exports of rare earths price is the biggest factor. It is understood that, as a national important strategic resource, before due to lack of supervision, China's rare earth prices has been "cabbage price" sale, since 2008, China began to strengthen the management of rare earth industry, including export quota management system. "Faced with China's rare earth policy of harsh, foreign buyers began to seek other new alternative materials, or looking for new rare earth supply side, which to some extent have impacted on the domestic rare earth." Said industry analyst Tao Minmin.


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