Global Rare Earth Supply And Demand Maybe Imbalance

2011 experienced skyrocketing rare earth prices in the short-lived after a series of crash to record lows, and application of rare earths market also continued downturn and shrinking.
    
"At present, the rare earth is not rare." Yesterday (March 14), the Chinese Academy of Land and Resource Economics, said Dr. Li Ruijun future global rare earth supply and demand imbalances in. Yesterday, China's rare earth seminar sponsored in metal mesh Shui Road 2012 (third) a number of rare earth industry veteran for the plight of rare earth overcapacity issue of deep concern. It is worth noting that, in this year's "two sessions", the National People's Congress, when interviewed by the media, the Chinese Academy of Sciences, Yan Chunhua recommended the establishment of a rare earth futures platform.
    
Excess, in the rare earth industry has become a topic can not be ignored. According to a statistics official from Baotou City, in February, the domestic part of the rare earth product prices continue to fall. Among them, the average price of rare earth carbonate 32,000 yuan / ton, the chain fell 600 yuan / ton, down 37,000 yuan / ton; cerium oxide average price of 49,000 yuan / ton, unchanged, down 54,300 yuan / ton; lanthanum metal The average price of 85,000 yuan / ton, a decrease of 400 yuan / ton, down 40,000 yuan / ton.
    
WANG Zhong Shan, vice chairman of the Nanjing Research on Rare Earth, said at the meeting, many rare earth production enterprises underemployment, many products on the market has no market value, especially in light rare earth backlog more serious. "Due to the impact of 2011 rare earth prices spike, many downstream applications enterprises start looking for alternatives, and also to reduce the actual demand for rare earth." GAO Yu Xin, Shui Road metal mesh rare earth industry analyst, said the past two months to see, this year, the rare earth market is still not optimistic, 2013 RE market is still facing a lot of problems, must crack down on smuggling, private mining digging wrongdoing, strict enforcement of environmental standards.

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