joh hykawy talk about China's illegal export quota of rare earth mine and (二)
- Details
- Category: Rare Earth News
- Published on Tuesday, 11 November 2014 14:08
Third, the price of supply and demand
Hykawy rare earth market for future growth positive attitude, but he felt for only $ 8.19 billion of the market, on the rare earth market forecast in 2018 may not be too optimistic, especially given the irreplaceable factor of rare earth. "People should not forget that some industries will not use more than a certain price-cost materials" Hykawy said. "Rare earth magnets in the application may be irreplaceable, but technology is not the technology is likely to be replaced."
Hykawy give a more acute example, in China, because it is easy to obtain rare earth materials, so rare earths are used in electrical appliances, such as a refrigerator, this motor is very small, with very little power, performance will be very good, while in other parts of the world, energy is more common, the use of the electromagnetic motor of the refrigerator, although this increases the motor power of the motor is greater than the rare earth, but also because of the lack of a solution of rare earth substitutability.
In some light industry, some companies in order to meet the price and reducing the use of rare earth rare earth, such as the lighting industry, the future, because of the rare earth supply Toyota Rav4 type even abandon the use of steam on the power of rare earth-containing transfusion systems. "The price is really limited, demand, supply is growing, it will maintain a balance, but if the price rose to a certain point, demand will drop.
Fourth, opportunities abroad RE projects
At present, in addition to molybdenum companies outside China and Rainer company, there are three rare items of concern, one is RER project, is a mining company Qwest rare items, one is Arab Faron project in Australia, of course, in order to ensure China's rare earth supply outside, these companies still have a long way to go!
Fifth, what's next?
Although rare earth prices, but China's production has not decreased, while the price of rare earth even picked up, it is difficult to return to 2010 and 2011 levels.
In addition, he hopes to have more transparency in the industry, a reasonable supply and stable prices to re-expand demand. In addition, he does not agree with the Chinese government on the "heavy rare earth applications around the world must rely on China" argument, because most of the rare earths are not rare, except in southern China, and now in other regions such as South America, America, and even North America has a containing heavy projects to promote rare earth mine. In particular, China's rare earth mine will not always be there, although I do not know China's rare earth mine will use long, which gives all non-rare earth project outside of China a lot of space, by the buyer to decide whether they pay a secure supply of materials .
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