Short-term foreign companies in the field of rare earth production plays a role in the price followers

Some industry insiders here at the third " China Baotou Rare Earth Industry Forum", pointed out that although foreign firms are trying to advance the field of rare earth upstream production , but the next five years , foreign companies can not shake the Chinese enterprises in the upstream production of rare earth dominance , but will play the role of price followers .

Upstream product prices by the impact of rising in recent years, increased foreign rare earth resources exploration and development efforts . Currently in the United States, Australia, Vietnam , Philippines, Malaysia , Kazakhstan and other countries, a number of rare earth upstream production projects are being implemented or planned.

Zhang analysts say that in recent years , foreign companies in the rare earth upstream production projects are being made ​​progress , but from abroad since the late 1990s , there is 10 years of production of rare earth upstream blank period , due to the resolution of project construction, operation, environmental protection and other issues, so take some time to recover .

In addition, foreign companies or planned rare earth development projects, mainly stays in resource exploration and processing of primary products fields. In contrast, China has from rare earth mining, smelting and separation of rare earth functional materials such as a complete industrial chain. Some industry analysts say , the consolidated foreign rare earth production project progress , product variety, production scale and other factors , it is expected before 2013 , rare earth pricing will rests in the hands of Chinese enterprises , foreign companies in 2015, only played on rare earth market price the role of followers .

In recent years , rare earth product prices gradually return to its strategic value of the resources . For example , compared with the beginning of this year , in July this year, the domestic market of lanthanum , cerium, praseodymium , neodymium four kinds of rare earth elements related to product prices increased an average of more than 3 times , terbium , dysprosium, europium and other related products in the heavy rare earth prices increased 5 times.

Baotou ( Baotou ) Zhao Zengqi former president of Rare Earth Research Institute and other experts believe that with the development of rare earth resources abroad and processing projects to establish and run the next period of time, the global rare earths market will gradually form a diversified supply pattern , which is conducive to Chinese rare earth mine production life extended.


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