United States and Japan Forced domestic enterprises to accelerate technological upgrading of rare earth production

Recently, some media reports, the Pentagon and the Japanese Toyota is trying to break the Chinese monopoly of the world's rare earth mining. US Department of Defense and Asia's largest automobile manufacturer is working with Canadian companies and Mata Meck You Keer rare metals exploration companies to cooperate, the two companies are developing the North American rare earth mine, which will increase the so-called heavy rare earth supplies.

In the past two years, rare earth prices and stock trend is very unstable, but that did not prevent exploration companies outside of China highly publicized its rare earth production potential. Australia, the United States and other countries have expressed rare earth mining will increase their efforts to resume production of its domestic rare earth ore. China Rare Earth would do and what impact?

Domestic production of rare earth complex foreign pressure

In recent years, as China continues to strengthen the management of the rare earth industry, the continued tightening of rare earth production and export scale, rare earth products prices increase compared to the previous 2010. The influence of the United States, Japan and other importer of rare earth rare earth mining companies and companies began to restart rare earth resources projects; at the same time, some of the rare-earth reserves rich countries such as India, Malaysia, attracted by the high price of rare earth products, have also launched and accelerate the local rare earth project.

November 10, the reporter contacted a number of domestic rare earth production enterprises, a number of industry sources have said, "Other countries capacity release, it will certainly impact rare earth prices. However, even the resumption of production to increase production abroad, nearly two RE-year period will not reach peak production, although the impact on the domestic rare earth enterprises, but not too much. "

Statistics show that at present, foreign rare earth in the construction and planning construction projects mainly in the Americas, Southeast Asia and Australia and other regions, rapid progress of rare earth resources in the project are the Mountain Pass, California rare earth mine, smelter rare Malaysia, India Orissa rare earth ore and rare earth mine in Vietnam East Fort. Among them, the Malaysian rare earth smelting company invested by Australian Carolina, Mount Weld in Australia for separating the refining of rare earth ore containing radioactive substances, will start trial production this year. Also plans to put into operation later this year as well as rare earth mine in Orissa.

"The production capacity of rare earth companies, if released, will certainly affect China's rare earth industry." Anonymity of the industry study said that the impact is mainly reflected in three aspects, further driving down the price of rare earth products, and promote China's rare earth smelting enterprises restructuring integration, promoting technological upgrading of China's rare earth industry.

Low price is probably a negative impact on the industry, but the remaining two can from the side of China's rare earth industry, stimulating the formation of good.

Weak domestic rare earth prices rebound

Production capacity overseas release of the new projects diverted original share of China's rare earth products, increased supply will lead to rare earth products prices continue to fall, especially in the United States and Australia, Reiner molybdenum company could bring the company's production of light rare earth prices come down significantly. Of course, this will help reduce China's rare earth exports, reduce excessive exploitation of rare earth resources.

"At present, as many as hundred of rare earth smelting enterprises, most small business capacity, backward technology, low-end products, with the decline in export volume of rare earth products and the market price decrease, the lack of competitiveness of smelting enterprises is bound to be eliminated , the reorganization and integration of the advantages of rare earths central and local state-owned enterprises. "The researchers believe.

For a long time, China's rare earth products formed a proliferation of low-end products, high-end product characteristics scarce, rare earth products prices continue to fall is bound to Forced enterprise more effort in the innovation and introduction of advanced technology, improve product value, etc., which will benefit promote technical upgrading of China's rare earth industry, to break down foreign rare earth companies to end the monopoly of rare earth products.

However, these researchers raised concerns, "the problem facing China's rare earth industry needs to do a lot, in addition to technology and production capacity, product issues mentioned rare earth products prices will rise remained under pressure."

Some analysts said that multiple factors lead to the recent rebound in the rare earth market rose sharply there is resistance. Recently, as manufacturers cut-insured, some enterprises and traders purchase and other factors, the rare earth market rebound. Praseodymium neodymium oxide, for example, offer up by the end of October, the lowest about 26 yuan / ton to the current 30-32 yuan / ton, rare earth prices fell during the previous 30 yuan / ton or less volume smaller, a small amount of money to leveraging rare earth prices. On the other hand, 35-40 yuan / ton range lock-plate is more intensive, rare earth prices rise there is a big resistance.

Despite the recent behavior of some restocking speculative demand, but the downstream business point of view, since no significant recovery in demand, most companies are still very cautious of restocking, the overall holding to the inventory policy. Thus, short-term rebound in the rare earth market more speculative capital from the push, rather than the real needs of recovery, down the butterfly effect is still dominant. Midstream and downstream businesses are still destocking process.


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