Chinese Rare Earth "cabbage price" will not reproduce

According to the media , said the WTO panel report is expected in November announced preliminary results of WTO litigation earth , basically affirmed that China will in the first instance ruling lost. Rare original NDRC expert group , said, " basically confirmed already lost, but would not return to earth ' cabbage price ' ."

Up to now , WTO has been no official news came out , the reporter access to the Ministry of Commerce World Trade Organization 's website and found no information disclosure . It is understood that , since 2009, the European Union, the United States, Japan and other countries repeatedly appealed to the WTO , said Chinese rare earth export quotas in government for trade protection , contrary to the WTO " free trade " spiritual .

The unnamed expert further said that after the introduction of the first instance verdict , as well as part of the complaint . China to supply 23% of the reserves of more than 90 percent of global demand for our resource consumption and environmental impact is enormous , China can environmental costs for complaint . It is understood that only one place on the exploitation of Ganzhou rare earth minerals for ecological restoration of damaged land , the initial capital investment is expected to be as high as 38 billion yuan or more, not including the separation of rare earth smelting pollution remediation .

A broker researcher also told reporters that , WTO against the domestic is a big bearish, but the government will certainly put the appropriate policies to deal with, according to his personal analysis , purchasing and storage of rare earth policy has not yet been introduced probably has to wait for WTO ruling timely cushion the negative impact .

Another industry expert said , "loser " is also beneficial to the long term good side . Rare earth prices will be more market-oriented , resource scarcity will weaken the aura , the possibility of price volatility will be smaller . And the long term resources of rare earth in the open will help the development of high-end applications . China 's development is slow, but after a large number of exports of rare earth may promote foreign R & D speed.

Finally a little disappointed that the industry said, " Having said that may not patriotic , but objectively speaking , WTO export indeed pros and cons of litigation fails , it will urge us to accelerate the development , help to improve resource utilization. "

In recent years, China's rare earth export quota stable at 30,000 tons / year, however, due to the global market demand for Chinese rare earth dropped significantly , resulting in nearly two years, China's rare earth export quota utilization trend lower . According to public information , 2012 rare earth export quota of 30,996 tons , a utilization rate of 48.75% ; 2011 was 30,184 tons , a utilization rate of 52.01% ; 2013 quota of 29,322 tons of rare earth .


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