Japanese media: the global development of rare earth brakes

According to reports, the new rare earth mine development is gradually stop. Since 2010 to 2011 the price surge, Japan and other countries to reduce demand . The prices has led to the development of business and government willingness to cool. In addition, the slow recovery in demand also have a negative impact .

According to the U.S. Geological Survey Bureau statistics, in 2012 the global production of rare earth ( calculated as oxide ) was 118,900 tons , and in 2011 was essentially flat. Compared to recent record highs of more than 10% reduction by 2010 , after the start of the year is still in a sluggish state. In addition to the implementation of China cut , the new mines outside of China plan was postponed.

Toyota Tsusho plans to join hands to promote local businesses in eastern India, rare earth co-production business. Originally planned since 2012, use of the service provided annually 3,000 ~ 4,000 tons of rare earth , but is not yet fully available . The company also admitted that " delayed delivery is a foregone conclusion ."

In addition, the U.S. molybdenum mining company (MolycorpInc.) has halted plans to increase production . The company had initially planned in 2013 within the annual production capacity to 40,000 tons , currently considered "rare earth demand will remain weak ." It is predicted that in the second half of 2013 the company 's production capacity is only about 10,009 tons.

Japan Oil, Gas and Metals Mineral Resources Agency will be funding development of the Japanese companies in overseas mines or funded resource companies to help. However, according to reports, the rare earths such as lanthanum and cerium new projects also reduced.

Development of rare earth thermal cooling , in large part because of reduced demand in Japan . Japan had accounted for over 10% of global demand . According to the Japan New Metals Association statistics, in 2012 Japan's domestic demand for rare earths is 14,470 tons , 31% less than in 2011 . Especially for the magnets and rare earth glass abrasive materials fell significantly .

For motor neodymium magnets made ​​in China export prices to Japan in July 2011 had risen to about $ 460 per kilogram , up in January 2010 to 12 times , but in June 2013 has dropped 8 percent. To the end of August , then dropped to $ 90 or so.

Even so , the demand has not yet shown signs of recovery . This is because the demand for those affected by the price rise , completely cut rare earth usage. Japan Central Glass took reuse within the plant used in the manufacture of glass, abrasive materials and other initiatives, thereby reducing the amount of rare earth new purchases from 2010 to 2011 to 6 percent. The company said , "Even if the price spikes stabilized, will continue to reduce the amount of rare earth ."

According to the Japanese trading company that has yet to digest the magnet manufacturers from 2010 to 2011 rare earth inventory purchases , so " new demand is decreasing ."


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