The market for rare earths by weakening the policy influence

Since WTO announced China violation in rare earth export policy, America and China have appeal, policy objectives will not Chinese declared Protect environment and resource changes. Through this case, Chinese government is expected to pay more attention to and speed up the processing of rare earth market existing.

In order to cope with the international case of rare earth, rare earth industry association established, rare earth exchange operation.

Baotou rare earth exchange in March 28th trial operation of spot transactions, three kinds of rare earth oxide first listed respectively europium oxide and cerium oxide, praseodymium neodymium oxide.

Listing a month, in addition to cerium oxide, praseodymium neodymium oxide, europium oxide prices upward obviously in a month. But after all, through the trading companies is still a minority, according to observation and tracking has been listed on the stock exchange, the high prices, trading volume is very few, many enterprises do not care about the price, the rare earth prices on the spot market has a clear impact. Since the rare earth case with the initial conclusion, rare earth spot market overall remains stable operation, the leading bullish business mentality looking up stockpile situation, some species such as PR nd, Dy products prices rose slightly short, but compared with the exchange price is still a far cry from the.

Both rare earth prices fluctuations, serious pollution of the environment, the market speculation, or rare earth dispute and so on, in the final analysis is due to rare earth as the scarcity of the resource itself, characteristics of high value as well as the market itself the characteristics of decision. Secondly, the main reason for government to give priority to economic development rather than the eco home construction is also a problem difficult to solve for a long time.

The influence of rare earth exchange after all, remains to be seen, in order to improve the domestic rare earth market environment, protection of rare earth resources, integration, consolidation, storage is nearly two years to influence the market movements of the main policy tool. The rare earth market problem is not solve the ingrained, but it is not a can achieve, need more policy multi-channel solution, also need to cooperate with market participants. National policy should cause market participants interest and participation to make effective influence on the market.

Market participants need to policy formulation should meet most business interests. At present, the integration of the rare earth industry is still the big trend, but at some big group released the enterprise profit situation, rare earth industry profits substantially reduced, blind conformity can not bring to the enterprise performance, but will increase the burden.

At the end of 3 until now, market participants have good storage, looking up the price of rare earths, the past few years purchasing and storage system is obviously to the rare earth market prices influence, and the recent RE market is very smooth, sharp changes did not. The author thinks, as macro-control and market supply means, the implementation should be more regular, i.e. Shouchu frequency increases, such as quarterly Shouchu, quarterly constant reserves, according to an annual ten thousand tons of reserves, which will cause the burden to the state finance, but also easily lead to market speculation.

Of course, storage is a regulation of the auxiliary means, if the market long-term supply excess, storage quantity and will not impact on the market, is also difficult to support prices. To solve the main problems of current rare earth market approach is to control ore mining and rectifying the market illegal ore source.


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