Chinese control of rare earth ore producing countries in the world quickly

Reported that 90% of the Chinese monopoly on the global rare earths market in recent years with increasing environmental pressures and influence by the WTO Dispute rare earths, China started a strict control of the production and export of rare earth, rare earth supplies tight international market, prices rose after another, countries have paying attention to places outside China, appeared worldwide round of "rare earth mining boom", is expected around the world except for China's new rare earth mine launched a total investment could reach $ 12 billion. First, China's rare earth production from strict management control of the international market tight. In March, the World Trade Organization ruled that China's rare earth export restrictions violate WTO rules. China plans to introduce new taxes and management measures of rare earth in the second half. May 21 this year, has revealed that the new measures include taxation of rare earth producers, requiring exporters to issue green certificates, etc., but these messages have not been officially confirmed China. China to strengthen control of rare earths have environmental considerations. Kevin Schultz, vice president of Northern Mineral Company Northern Minerals said, "They (the Chinese) to crack down on illegal mining and protect the environment." Starting in 2010, China's rare earth export restrictions, the international reserves of rare earth market is about to run out, the current bullish international prices are expected to rise this round is likely to exceed 20%. Toronto-based analyst at "Europe - - Canadian Pacific" broker's Louisa Morello (Luisa Moreno) said, neodymium oxide prices for wind power equipment this year, up 26%.

Two countries to find new rare earth ore difficult but determined to remain unchanged. RE contains 17 kinds of rare metals are widely used in mobile phones Apple, Toyota hybrid vehicles and American cruise missiles and other sophisticated products, and its importance can be imagined. China to tighten control measures to force countries to pay close attention to find a new source of supply. There are currently 18 companies to invest in the exploitation of rare earth outside of China, the total amount of the project more than 12 billion U.S. dollars, these new rare earth mine is expected to be commissioned in 10 years. However, to carry out these projects have not gone smoothly. Lee Jonas companies LYNASCorp. Invest $ 930 million in Malaysia rare earth mining, American MOLYCORPINC. Mojave Desert in California to develop new rare earth mines, two projects have experienced exploitation do not increase, the price does not go up selling and other issues. Nevertheless, countries especially the U.S. Department of Defense users definitely the heart to develop new rare earth mine. Because the United States cruise missiles and unmanned aircraft are used in critical components of heavy rare earth components, and heavy rare earth production to use sulfuric acid, serious pollution of agricultural land, the Chinese government has decided to limit the heavy rare earth production, forcing the United States launched a new heavy rare earth mining project. UCOR rare company (UCU), Namibia Rare Earth (NRE), Hastings Rare Metals Company (HAS) outside of China have discovered heavy rare earth mine. In this regard, the general manager of Greenland Minerals and Energy John Mayer (JohnMair), said China's rare earth production costs rise, the international market is the trend of rare earth supply diversification.


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