Rare Earth, Not Rare Now

Rare earth price continue to decline after a spurt in price in 2011, in the application areas of rare earth situation is too, getting worse.  

“ rare earth is now not rare actually”, Li Ruijun of China Land and Resources Economy Research Institute, he told the reporter, saying :“the supply and demand of rare earth may get out of balance in the future.” Many experts in rare earth industry expressed the same worry as Li.

It is worth noting that, Yan Chunhua a NPC delegate suggested to accelerate the construction of rare earth futures transaction platform, when being interviewed by presses.

Surplus is a matter that can not be ignored. According to an official data in Baotou City, prices for some parts of rare earth products keep falling in February, among which, rare earth carbonate average price is 3.2 yuan/ton, down 600 year-on-year.

Vice president Wang Zhongshan of Nanjing Rare Earth Research Institution said that many rare earth manufacturers failed to come into operation, light rare earth products suffered heavy stockpiles.
“Because of the fluctuations of rare earth market price last year, many downstream companies have begun seeking for substitutes, thus reducing the demand for rare earth.” Said Gao Yuxin an industry analyst of Ruixin Metals Network.

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