Rare or higher than expected revenue reserves

Insiders told reporters that the current round of rare earth Shouchu twists and turns , finally settled. This week to determine the reserve price , the new self- storage business , resulting in changes in the overall number of purchasing and storage . Insiders said that in the first instance against the background of the rare earth WTO , adopt a market -based means to replace the original export quotas , tariffs and other means of administration of the color darker more urgent to control the rare earth resources , the government is likely to accelerate the integration process is expected to rare earth industry .

Higher than expected revenue reserves or

Minmetals ( Beijing ) Co., Ltd. Rare Earth Research Institute at April 2 , April 3 , April 4 consecutive times listed price of rare earth oxides , including neodymium oxide, praseodymium prices rose to 385,000 yuan from 360,000 yuan / ton.

According to the reporter , at present, the State Reserve Bureau has signed an agreement with the purchasing and storage of rare earth aluminum , Minmetals , Steel, Jiangxi thin, Xiamen Tungsten and Rising colored . Insiders said that the signing of the agreement means the purchasing and storage of rare earth has been officially finalized, but the official documents did not come down , companies can not disclose specific details. The average price from the previous six-month term, the price of purchasing and storage of rare earth market price should be at least 10% higher .

About Shouchu quantity above insiders told China Securities Journal reporter , in addition to maintaining pre- agreed amount of outside , each purchasing and storage unit according to 30% of reserves from the reservoir , so the number or the rare earths will be more than 13,000 purchasing and storage tons. He also revealed that reserve price will be determined this week , but did not explain the specific date .

According to the Ministry of Statistics , in 2013 , the country's total control of rare earth mining index was 9.38 million tons. Insiders said the purchasing and storage of rare earth if we really have a positive impact of 1.3 million tons of rare earth prices will be .


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