U.S. Department of Defense: the market forces of supply and demand changes in the pattern of rare earth

According to the Pentagon scare recently released a report that in 2011 China 's rare earth export control cause has subsided , because market forces to promote the growth of rare earth production outside of China , and prompted users to switch to alternative rare earth resources.

China , Japan and the United States is the largest consumer of rare earths . RE can be used for the production of wind turbines , hybrid cars , headphones , computer hard drives and televisions and energy-saving lamps and other products.

In 2011, China accounted for 95 % of global rare earth. Rare earth prices rose year so the Pentagon worried for defense manufacturing of rare earth supply might dry up.

But in recent weeks, the Pentagon 's annual report to Congress , said : "The global market forces resulting rare earth supply chain for positive change , the majority of rare earth materials in the defense industrial base will need to get an adequate supply . "

This department period in October 2013 but did not publicly released the report , in 2011-2012 , the global rare earths supply situation has undergone great change , some experts predicted that global demand for rare earths will decline by 20%.

The report, the annual industrial capacity , said the decline in demand has led to the majority of the rare earth rare earth oxides and rare earth metals prices from peak levels in summer of 2011 fell by 60 %. Reduce the demand for rare earths materials attributed in part to increased use of alternative .

The report said: " The reaction of the private sector market forces has been on the increase the development of rare earth materials and the development of downstream processing capabilities. "

Reported that the Pentagon is still supply and production of high purity oxide and alloy processing ability of certain heavy rare earth elements expressed concern .

"Overall , the domestic supply chain, the basic shape of these materials , but also relatively thin. "


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