Overseas factors propelled August rare earth prices jumped

August 23, the core application market of rare earth magnetic materials market price of neodymium oxide, praseodymium mostly in the 370,000 yuan / ton, compared with the annual mid-June, the lowest price 250,000 yuan has gained 48%.

Rare earth prices plummeted after the show in a strong reversal, thanks to China to rectify illegal rare earth, rare earth mine also with overseas production related delays of production.

Loss overseas mines

Overseas rare earth mine production complex fastest and largest American company released the latest filing shows molybdenum, selling 3,039 tons of rare earth in the second quarter, the average price of 45.04 U.S. dollars / kg, gross loss of $ 18.5 million.

This is America, the company has repeatedly reported losses of molybdenum: 2012 its heavy losses to $ 460 million; 2013 first quarter sales of 3,274 tons, with an average price of $ 44.71, gross loss of $ 20.5 million.

American Mountain Pass rare earth mine molybdenum company is second only to the Bayan Obo mine in Inner Mongolia Baotou world's second largest rare earth mine. The mine ore reserves of 50 million tons to maintain rare earth an average grade of up to 8% to 9%, with a total resource of 4.3 million tons of rare earth oxides. Mine hill 1990s by the impact of cheap Chinese rare earth closed. 2011 rare earth prices soared 10-fold, the U.S. molybdenum company resumed production. According to plan, molybdenum production company a REO (rare earth oxides) 7000 tons / year; two completed in mid-2013 production of 40,000 tons REO.

Last year the company a project is completed, only this time rare earth prices again dropped back in 2010. Heavy losses the company slowed the pace of expansion. Molybdenum company said, will be based on market reflects a combination of factors such as whether two construction projects.

U.S. molybdenum pace of development is an overseas company Rare earth mine development in microcosm. According to the U.S. TMR company tracking study abroad in recent years, such as the U.S., Australia, India and other 37 countries, 261 companies engaged in 429 projects Rare items. If these projects on schedule production is expected in 2015, the Chinese share of global rare earth production will increase from 95% to 75% or so.

Chinese experts believe that the rare earth supply diversification is a positive trend.

However, the global economic downturn, rare earth prices continue to fall, corporate environmental and cost pressures continue to increase, resulting in full swing foreign rare earth project development encountered resistance, overall showing signs of a slowdown.

Chinese experts have Tianyuan Enfield engineering companies believe that the current rare earth prices, the Chinese rare earth enterprises competitiveness is more obvious. Conditions for the overseas development of rare earth enterprises are mainly three, in addition to the United States molybdenum companies, as well as Australia, Mount Weld rare earth mine developers Carolina company, with its rare earth plant in Malaysia, in 2012 production of about 6,000 tons of rare earth oxides ; South Africa Steenkampskraal mine developers. In mid-June 2013, the company has said it could not withstand the NC Rare cheap in capacity expansion will cut costs to wait until demand picks up.

The industry believes that overseas production of rare earth ore not according to plan, will further support the domestic rare earth prices.

Rare earth prices continue to rise in August

Since August of rare earth prices continue to rise. August 23, the core application market of rare earth magnetic materials market price of neodymium oxide, praseodymium mostly in the 370,000 yuan / ton, compared with the annual mid-June, the lowest price 250,000 yuan has gained more than 48%; dysprosium and terbium oxide prices respectively, 2350 yuan / kg and 4,300 yuan / kg, compared with before the start of 1150 yuan and 2300 yuan respectively, up 104% and 87%.

Combating illegal exploitation of rare earth rare earth prices started the round. Back in April and May, Jiangxi Ganzhou first in the region to combat illegal mining. "Intensity is very large, caught a lot of people." Insider. Then, in August, the Ministry of Industry and several other departments jointly issued a document in the country in the fight against illegal rare earth mining and smelting operations. The move led to a large number of illegal vendors of rare earth production. Rare is a highly mining and smelting separation products, and as such, the illegal vendors have been very rampant in rare earth production, supply and prices of the industry a tremendous impact.

Another reason for the price rise of rare earth is warming downstream demand. It is reported that magnetic operating margin continued to pick up three percent last year to the current level of Qi Cheng.

In addition, since July 2011, rare earth prices up to two years of rapid decline, the rare earth prices return to production costs. Thus rare earth prices rebound is a value return.


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