Expected results of the rare earth industry will be a sharp decline

Recently, the Ministry of raw materials at the fifth Secretary Chen Yanhai Baotou Rare Earth Industry Forum, said the first half of this year, smelting and separation of rare earth minerals and products production was 41,000 tons and 35,000 tons, 87% plan to complete in the first half and 78 %, to achieve industry profit of about 20 million.

Although the first half of the demand to pick up, but considering the first half of the indicators have been completed more than half of the earth, the overall industry performance is expected this year will be a sharp decline.

Reporters on the scene to get the data show that in 2011 to 2012, respectively, of rare earth industry realized profits of 15.9 billion yuan, 10.8 billion yuan, respectively, compared with 2010 growth of 288% and 163%.

Since the first quarter of this year, China's rare earth trade rebounded trajectory since February monthly export volume are gradually rise, according to customs statistics, in April Chinese rare earth export volume of 2196 tons, an increase of 6 times more than in March of export volume grew 28%.

Market analysis, in destocking slow development of alternative technologies that foreign rare earth project competition, the Chinese rare earth export enterprises, especially private enterprises willingness enhanced, resulting in a substantial increase in Chinese exports of rare earths.

It is noteworthy that, in 2011 and 2012 were exported 18,600 tons of rare earth products and 16,800 tons, respectively, compared to 2010 decreased by 53% and 58%, but the average export prices were up 1 and 5 times or so.


Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

• < Prev
• Next >