Rare Earth Prices Spike Adverse Development of the Industry

"Rare earth prices fall too low, and the development of the industry is extremely unfavorable. Member of the National Committee of the Chinese People's Political Consultative Conference, Central Iron and Steel Research Institute deputy chief engineer Li Wei in an interview with reporters, issued such a feeling. He hoped to be able to cause the relevant state departments to attach importance to prevent rare earth prices spike.
    
"The so-called rice farm prices are low, this sentence applies equally in the rare earth industry," Li Wei pointed out that the application of rare earth in the emerging industries of strategic and defense industry, is an important manifestation of its strategic value. I understand that, since adjust from August 2011, China's rare earth prices have continued to adjust about 17 months, a decrease of over 80%, the current price of rare earth has been close to or even below the cost line. This price level is not conducive to the development of the industry is not conducive to the rational development and utilization of valuable rare earth resources.
    
The rare earth industry chain is longer, to the device from the concentrates of rare earth, rare earth salts, rare earth oxides, rare earth new materials, devices, complex products. Moreover, the more downstream more dispersed, each grade the degree of dispersion is increased exponentially, a very broad area of influence and lead the industry.
    
At present, the mainstream of rare earth new materials including magnetic materials, hydrogen storage materials, luminescent materials, catalytic materials and polishing materials, and application areas are strategic and emerging industries of our country.
    
The development of rare earth resources and materials related to the restructuring and upgrading of the structure of China's overall industrial strategy, but also related to the enhancement of national competitiveness. Li Wei pointed out that the soaring rare earth prices will affect the smooth development of the industry, the impact of frequency conversion motor, magnetic resonance imaging and other high-end equipment manufacturing industry, and now the price collapse would affect the sustainable development of the rare earth industry. For this reason, it is recommended that the relevant state departments of this attention, and take effective measures to improve industrial concentration, and other means to strengthen guidance and governance.

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