India is expected to account for 5% of rare earth supply worldwide

According to reports, India's state-owned enterprise executives recently said that the Indian government is entrusted to a factory of 5,000 tonnes per year of rare earth production tasks. Thus, India is expected to achieve total global rare earth production accounts for 5% of the share. Despite India's production is not high, but for Japan and other countries, but it is good news.

India's Department of Atomic Energy is part of state-owned enterprises & mdash; & mdash;?? Indian Rare Earth RE department head S Zulia Kumar (S.SuryaKumar), said the plant will be located in India Bangaoli Sabangfrom beach sand through processing monazite soil to produce rare earth oxides. Production of rare earth in about half will be used for processing into lanthanum and cerium. These two elements are mainly used in the manufacture camera lens and glass polishing agent.

Kumar also said that Indian Rare Earth Company and Toyota Tsusho Corporation's Indian subsidiary abundance of rare earths have agreed to pass the two sides will work together to share the production of 5,000 tons of rare earth.

Japanese Economic News recently reported that Indian Prime Minister Modi (NarendraModi) will soon visit Japan, India is expected rare earth companies will be jointly produced with Toyota Tsusho on the issue of mixed rare earth sign a further agreement.

RE known as & ldquo; industrial vitamins & rdquo; reputation, has become an extremely important strategic resource, which in the field of petroleum, chemical, metallurgy, textiles, ceramics, glass, permanent magnet materials play an important role. REE oxides refers to the periodic table with atomic numbers 15 kinds of lanthanide oxide 57-71, and lanthanide oxides with similar chemical properties of scandium and yttrium total of 17 kinds of elements. With the continuous advancement of technology and breakthroughs in the application of technology, the value of rare earth oxides will be increasing.

According to RE ownership (including ore and semi-processed products), China, Russia, the United States, Australia is the world's rare earth has four major countries, China ranked first, accounted for 90 percent of the global total.


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