Rare earth prices opened the prelude

Since the Ministry of Industry on August 7 release remediation rare earth industry to action plan, the rare-earth prices have opened the prelude to gradually bid farewell to the past "cabbage price." Action plan that starting from the 15th of this month, will be joint Ministry of Public Security, Ministry of Land Resources, Ministry of Environmental Protection and other eight ministries, to carry out a three-month fight against rare earth mining, production, circulation of illegal acts of the special action. The unprecedented action to combat efforts to rectify, since the implementation eliminate the market played a very good role. The rare earth stocks have soared along with the red, rare earth prices rose again. In addition, overseas rare earth mine production delays of production, but also caused some supply shortage of rare earth price of a certain support.

Rare earth prices opened the prelude

Analysts believe that by the domestic rare earth prices continued to rise due to the role of two factors, both government crack down on illegal production factors, but also overseas rare earth mine can not be put into production factor. Rare earth prices, is expected to help improve China's rare earth industry, the industry profit, out of the industry downturn.

Insiders said that the current downturn in the industry, the main industry is trapped in chaos and excess production capacity. As the rare earth industry with high profits and adequate supply, so many people take the risk, contrary to the relevant laws and regulations, secretly exported. Judging from the customs statistics, exports of rare earth is shrinking, but the foreign rare earth supply has not been affected, showing that private mining issues such as excessive digging and smuggling of rare earth industry in comparison flooding. But also for rare earth materials manufacturers, a lot of people in order to make the difference and avoid state taxes, preferring to risk the purchase of raw ore from private mines. These practices have weighed on the domestic rare earth prices, and caused a decline in performance rare earth enterprises. In addition to smuggling, but also contributed to overcapacity in the industry downturn one of the reasons. The current global production capacity of rare earth minerals, including private, including about 200,000 to 300,000 tons, while global demand for rare earth is only ten tons, the formation of oversupply, resulting in rare earth prices have been low. With the government to combat and rectify the rare earth industry, work, black mineral smuggling has decreased significantly in the short term supply shortage caused by some form of price support space.

Overseas lack of productivity is the price of rare earth minerals present upward trend for a reason. Reported that, according to the rare earth mine to resume production overseas fastest and largest U.S. molybdenum company released the latest financial report, total sales in the second quarter of 3039 tons of rare earth, the average price of 45.04 U.S. dollars / kg, gross loss of $ 18.5 million. This is not the first time that the United States molybdenum losses: in 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. Severe loss of molybdenum company makes the United States slowed the pace of expansion, the suspension of a number of projects to start building. Relative reduction in market supply of rare earth, rare earth prices have rebounded.

In the "2013-2017 China rare earth market analysis and investment value study report", the prices of rare earth elements at home and abroad by the role, but should see foreign manufacturers continue to march to the expansion of the rare earth industry, the future of rare earth supply will be diversified oriented, for the Chinese rare earth industry impact.


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