Lanzhou, Gansu News November 12, according to the Lanzhou Morning Post reported: Industry and Information Committee of Gansu Province recently issued an emergency notice on the organization to carry out special operations against illegal acts of rare, require municipalities to the state government for the existence of the city state enterprises involved in illegal rare earths conduct verification. If it is found illegal acts, shall be taken immediately ordered to suspend production for rectification, recovered sewage charges; confiscate ill-gotten gains and punished, in back, recovered VAT fines and penalties; for illegal businesses and associated personnel for investigation in accordance with law and other measures.

This action will jointly investigate rare earth mining, production, distribution companies of illegal mining, illegal trading and processing of minerals, tax evasion charges, billing and other acts of illegal products in different places, focused on handling typical cases 2-3. Involving rare earth minerals trading companies and individuals one by one to verify, on suspicion of illegal mining, illegal production and sale of illegal minerals or mineral origin can not be explained, will be punished according to law; suspected to constitute a crime, criminal responsibility according to law, to public security authority.

 

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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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According to customs statistics, in the first three quarters of this year, 9,759 tons of rare earth export Tianjin port, an increase of 18.7% over last year (below), worth 600 million yuan, down 15.3%, with an average price of 62,000 yuan per ton, down 28.6 percent.

First, the first three quarters of this year, the main features of Tianjin port exports of rare earths

(A) general trade as the main export mode. The first three quarters of this year, Tianjin Port to the general trade export of rare earth 9,712 tons, an increase of 18.4% over the same period accounted for 99.5 percent of total exports of rare earths in Tianjin Port.

(B) State-owned enterprises as the main export. The first three quarters of this year, state-owned enterprises in Tianjin Port 5434 tons of rare earth exports, increased 21.3 percent, accounting for 55.7 percent over the same period in Tianjin Port's total exports of rare earths.

(C) are mainly exported to Japan and the United States. The first three quarters of this year, exports to Japan of rare earth Tianjin Port 4113 tons, an increase of 88.5%, 4,058 tons of rare earth exports to the US increased 6 percent, both of which together accounted for 83.7 percent over the same period in Tianjin Port of rare earth exports.

Second, the Tianjin Port in the first three quarters of this year, mainly due to exports of rare earths increase in volume and a drop in price

(A) increasing the quota of rare earth export overcapacity led to increase in volume and a drop in price. June 6, under the Ministry of Land and issued "on the issued 2014 annual total rare earth ore mined tungsten ore control targets," which will continue to implement the total rare earth ore and tungsten ore control index management. "Notice" that in 2014 the total amount of rare earth ore mining index was 10.5 million tons, including rock type (light) rare earth ore index increase was 11,200 tons, an increase of about 15 percent over the previous year; the total amount of tungsten ore mining control indicator 8.9 tons. 2014 is no longer issued antimony ore mining total control targets; the implementation of comprehensive utilization index tungsten ore index plus the approved assessment, appropriate to relax constraints. And continue to implement the rare earth mine tungsten ore mining rights to suspend the policy to June 30, 2015. Key projects for the State Department and the Central Fund or the provincial geological special fund projects to develop integrated projects, resource depletion area, the Department of Provincial agreement, mining and resource depletion remote connection, the central poverty reduction support program, the provincial government requires support for programs and projects to support large rare earth enterprises restructuring projects, in line with the total production control, production capacity balancing requirements, enable the new rare earth mine tungsten ore mining rights. In recent years, the total amount of rare earth mining continues to be controlled, but this year has increased. Yield can promote the export of rare earth companies competing to reduce inventory to save operating costs, resulting in a drop in price of rare earth exports increase in volume and the situation appears.

(B) the disorderly exploitation and international market demand weakened resulting in low rare earth export prices. A wide range of policy stimulus situation in hand, under the quota policy to stimulate the formation of disordered Luancai brought mining spill on the black market to the Chinese rare earth is much greater than the quota standards. On the other hand, is currently more than half the world's proven reserves of heavy rare earths in China, indeed scarce, but its price is falling badly. The reason is that some foreign companies under pressure to come up with alternative materials. There's simply in order to control costs and reduce the use of, for example, US Molycorp now mixed with only half the previous amount of magnetic powder dysprosium, and dysprosium is considered to be one of the most important heavy rare earths. With a lot of research related to technological innovation, but also find a lot of alternative methods, coupled with the use of rare earth though very extensive in the industry, but the amount is not large scale. So, while under the influence of Chinese policy, rare earth prices once soared, triggering panic buying. But the reaction of the market soon, the price began to fall together.

Third, concern

(A) downstream application industries concentrated in the low end, China's rare earth products, lack of core competitiveness. 85 percent of China's rare earth industry is currently used in traditional metallurgy, machinery, petrochemicals, glass, ceramics, etc., only 13% for the high-tech field of new materials, and the highest value-added products in end-use applications, the core technology in almost all of them hands of foreign enterprises. Due to the enormous profit potential of rare earth industry, the United States and Japan and other developed countries, the price of the right to speak in the grip, but also clenched authorize its patented technology of rare earth products, restricting the transfer and development of China's high-end chain. Case in NdFeB NdFeB rare earth belong to high-end materials, application and extensive. NdFeB country has nearly 200 enterprises, the annual output reaches 1000 tons or more than 20, but currently uses only Japanese NdFeB Boeing aircraft. Due to the lack of intellectual property rights, China's only mining, smelting and separation of rare earth primary products, not only low value-added, the bargaining space is small and serious environmental pollution; imported from developed countries after deep processing of primary products, prices and profits to grow geometrically. As domestic enterprises lack the core application technology, so China's rare earth export of rare earth primary products always difficult to break the pattern.

(B) WTO ruled that China's rare earth export quota policy violation, our pricing power to seek long way to go. March 26 this year, WTO ruled that China's rare earth export quota policy violations, despite our appeal, but such appeals are no success stories, the possibility of winning is minimal. In our country there may be six months to a year are forced to modify the export of rare earth industry policy, rare earth export quotas or canceled export tariffs may also be reduced.

In addition, to reduce dependence on China's rare earth supply, the development of alternatives to the pace of foreign research and development of rare earth rare earth mine and significantly accelerated. As Australia's Lynas company in Malaysia to build the world's largest rare earth refinery has been put into production, annual output will meet the global demand for about one-third. Japan and China choose to disclose conflicts in rare problems, but also looking for strategic partners to ensure rare earth supply. In order to maintain the international competitiveness of China's rare earth products, seek international discourse rare, since March, China promulgated a series of policies and measures. For example, Southern Exchange trading of rare earth products and cardiac Baotou Rare Earth Products Exchange successive formal operations, standardize the market competition by the two trading platforms, enhanced rare earth product pricing; Ministry of Finance and the Ministry of Industry issued "State of Things and the rare earth industry development grant funds management approach ", will be the rare earth mining regulation, rare earths and other high-end applications to provide financial support. To obtain the export of rare earth pricing power long way to go.

(3) "black chain" is the invasion of China's rare earth industry. The phenomenon of illegal production and sale of rare earth products in the current Chinese rare earth industry is not uncommon, Qingdao, Shenzhen, Customs detected repeatedly in recent years the amount of smuggling of rare earth billion on major. First, some of the shortcomings of rare earth export quota management system still exists, even the quota system has now become one of the "Pushing Hands", it became quota trading business, if it is not enough, people began to "black-mining", the formation of disordered chaos mining situation. Second, the illegal production of rare earth enterprises that difficult, imperfect laws and regulations, enforcement is difficult, between the central and local governments, has not yet formed between sectors and regions reasons for a unified and efficient law enforcement system caused by inadequate crackdown. Third, the smuggling of rare earth profits temptation also make many criminals choose to take the risk, the current production of rare earth ore mine in northern resource tax at 05,000 yuan per ton to 14,000 yuan range, rare earth ore resource tax per ton at 06000 South mine yuan to 36,000 yuan range, resource tax plus other taxes accounted for more than a tonne ore price 50%, private dug illegal mining do not need to pay any taxes, big profit margins. "Black chain" phenomenon is serious not only legitimate businesses to survive, but also to bring a major ecological disaster, how do we go to the balanced policy worth considering.


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Under the influence of a series of policy control, the continued downturn in rare earth prices show signs of stabilizing. Analysts pointed out that, as the industry gradually straighten out the relationship between supply and demand, rare earth prices are expected to come out of the bottom. As this year was the most sluggish non-ferrous metals sub-sector, rare earth plate layout point is slowly opened.

Policy development effort to rationalize the industry supply and demand

With different base and precious metals, rare earth prices was more affected industry supply and demand, the relative weakening of the financial attributes. With the introduction of control policies, had continued to slump down the rare earth prices are expected to stabilize as the supply-demand relationship and gradually out of the bottom.

On the supply side the rare earth industry, the recent introduction of special rectification actions or will have a profound impact. In related news, the Ministry in October issued an "organized campaign against rare illegal acts special action letter" clearly put forward since October 10, 2014 to March 31, 2015, to carry out special operations nationwide strike RE illegal acts . Action will be divided into three phases: October 10 to November 25 for self-examination stage, November 26 to January 31, 2015 for rectification stage in 2015, February 1 to March 31 for acceptance summary stage. This action will jointly investigate rare earth mining, production, distribution companies of illegal mining, illegal trading and processing of minerals, tax evasion charges, billing and other acts of illegal products in different places, to focus on priority areas investigated 2- rare earth according to invoices and reports and other clues three typical cases.

Meanwhile, the Commerce Department also recently released the 2015 export quota Metal Industries varieties. Among them, tungsten, molybdenum quota has been canceled. Thus market expectations, higher cancellation policy further in 2015 rare earth export quota of certainty.

On the supply is expected to shrink, while there have been some industry needs to pick up signs. On the one hand, with the external economy recovers, demand for rare earths started to show some signs of recovery. On the other hand, the state purchasing and storage of rare earths has also been expanded. According to media reports, this year's total purchasing and storage still about 10,000 tons of rare earth, which plans Shouchu neodymium oxide, praseodymium 4000 tons, 1200 tons dysprosium oxide, praseodymium, neodymium oxide, 500 tons each, basic maintenance revenue reserves last year. From a price perspective, the reserve price is determined in accordance with the basic six months before the average price of neodymium oxide, praseodymium reserve price than the market price of the floating rate of about 2%, dysprosium oxide reserve price rises than the market price of about for 10%, other varieties are generally higher than the market price. Shouchu direct effect on the demand side, so the history of the purchasing and storage for rare-earth prices are relatively significant boost.

From the latest look at rare earth prices, the severity of the rare earth oxide prices fell last week, 1.04% and 0.64%; heavy rare earth dysprosium, terbium rose 1.77% and 0.97%, respectively, praseodymium, neodymium fell 1.40 percent. Analysts believe that the rare earth industry has undergone significant improvement in the relationship between supply and demand, but by the fourth quarter of influence consumer off-season, short-term rare earth prices are expected to remain at the bottom of the shock trend.

RE plate layout window on the left asymptotic

There is a market statistics show that in the first three quarters of this year, non-ferrous metals sector as a whole rose by about 30 percent. Among them, lithium plate by the impact of new energy vehicles, or up to 80%; ranked second magnetic material gains, up more than 40%; non-ferrous metal plate in the rare earth sector rose to become the smallest sub-sectors. In the recent market fresh scratch "compensatory growth of wind" when many investors attention on the rare earth sector also began to improve. In this regard, analysts pointed out that the short-term rare earth plate depends on whether up or when rare earth prices bottom out, but taking into account the industry boom has bottomed out, so the left side of the layout point of time is expected not far away.

China Merchants Securities (market, interrogation) research report that, taking into account changes in the macro side and microscopic double face, November is still recommended in the "warm winter" in the search for a better risk-benefit ratio of non-ferrous metal varieties. Analysts pointed out that hitting eight ministries rare special action finally entered the implementation stage, "malfeasance Responsibility, normality pressure against tax mobilize local initiative" is the outstanding feature of this special action. According to Rare Earth Forum, expected in the fourth quarter of this year and the first quarter of next year, the rare earth policy and China's rare earth industry will enter a critical period of development, the promising investment opportunities in the rare earth sector "institutional dividend" under. To have the "volume and price go" light rare earth-based, it is recommended layout while continuing to actively choose the relevant subject.

How to determine the outlook for rare earth prices, GF Securities (market, interrogation) research report that the effect of this rare earth smuggling worth the wait. Since 2014, rare earths prices tumbled, there should have been at the bottom. It is worth noting that industry-related management action point in time the end of the shopping season coincides with the rare earth industry, it is expected that the recent rare earth prices are expected to bottom out after the end of treatment action to be related industries, rare earth prices are expected to appear rose significantly. In the specific tracking targets, analysts recommend that investors focus on "Bo Exchange, praseodymium, neodymium electronic disk" and "rich in yttrium-europium mine," the price of the two products, as an important indicator to judge the rare earth market price movements.


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With the recent series of good news, the rare earth industry is bottoming out. Currently dysprosium, terbium prices at historically relatively low, combined with the future regulation of the national industrial policy become more severe and growing consumer sector demand, prices become a trend.

Under the influence of a series of policy control, the continued downturn in rare earth prices show signs of stabilizing. Analysts pointed out that, as the industry gradually straighten out the relationship between supply and demand, rare earth prices are expected to come out of the bottom. As this year was the most sluggish non-ferrous metals sub-sector, rare earth plate layout point is slowly opened.

The report notes, rare earth prices are out of the bottom, in the current favorable policy support, while the price of rare earth products all the way up. Data show that since the third quarter of praseodymium neodymium oxide prices have risen, or about 2.7%, other rare earth raw material prices also have different degrees of increase. Institutional analysis, as dysprosium, terbium excellence in the industry, particularly on the high-tech industry can not be replaced, coupled with the extreme scarcity of resources, the supply is limited, the future of rare earth dysprosium, terbium price is bound to be an effective support to its investment value will change over time goes increasingly prominent.


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Recent interview with a foreign investment websites Jon Hykawy, he talked about some of the WTO and China's rare earth lawsuits and things about China's crackdown on illegal mining, provides some interesting insights, Jon Hykawy for Stormcrow Capital., President of the company, many years RE investment research and clean energy, Jon Hykawy holds a doctorate in physics. Interview Jon Hykawy mainly expressed in the following views:

First, China's crackdown on illegal rare earth mining can not completely eliminate the illicit production of rare earths

In an interview with Jon Hykawy said that although China plans to supply 40 percent of all combat illegal rare earth away, but the illegal exploitation of the South Mine basically impossible to completely eliminate in China, because the ionic rare earth mine in southern China, is highly fragmented, and in some small villages and hills heads are small workshop production, and it is easy to extract the mineral ions, which makes it even this small workshop after being hit is also very easy to re-start production, but most of this illegal rare earth mining by the local government to protect, so he thinks the one hand, are small workshop production, require little cost and the production of the mine is so expensive, so China can not completely belly absolutely illegal exploitation of the South 方南子 mine. Jon Hykawy said that these small workshop production of illegal rare earth, finally able to go abroad, usually through some legitimate business of the company, of course, the illegal export of rare earths are labeled a variety of labels, "alloy", through some complex procedures, while exports of these products company, to avoid restricted mandatory plans, he believes that China's recent fight against illegal mining may be of such a company may have a substantial impact.

Second, the quota is not gone, just to see it

Hykawy said: think WTO lawsuit against the Chinese rare earth quotas would be China's actual export policy impact is a "delusion" because China through the integration of a large group, have been attributed to the production of rare earths in the hands of a few large state-owned groups to China aluminum, for example, it is actually a microcosm of the entire business of a large group of rare earths, assuming you're a middle-level staff in aluminum, you can follow the instructions to do the top, imagine if you're a sales manager, you responsible for rare earth aluminum business, you got the call that can only export 2,000 tons of rare earth, and you have received an order of 4,000 tons of foreign customers, how would you do this time? I think you can only give you a few customers call and tell them, very sorry, because "production issues" this month, last month promised only export half the amount of rare earths. In fact, this will make China's rare earth exports more opaque and unstable, and at the same time, he felt this rare foreign manufacturers is an opportunity to seize this opportunity, but overseas users on the one hand very seriously stable rare earth products supply, on the one hand they want to buy Chinese rare earth prices. However, customers may eventually be persuaded to pay a higher price pole supply of materials to ensure the safety of the village.


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Vice president of the China Nonferrous Metals Industry Association, China rare earth industry branch president, said recently in Beijing Wang Qin, rare earth market order remains to be further standardized running against black chain is still a very both tasks.

"This black chain in the end how much the amount, it is difficult to say," Wang Qin said when attending the China Entrepreneur Summit strategic metals.

Illegal mining, unplanned, ultra indicators of production still exists

Previously, data from the China Rare Earth Association, in 2014 China's rare earth production is 105,000 tons mandatory plan, only the domestic demand will exceed 150,000 tons. Although such quotas Show shortage is inevitable, but now the actual situation of oversupply in the market is still there, and these extra portion According to expert analysis, it is likely that come from illegal sources.

And black rare earth industry chain, but also the looming signs of collusion.

In the last case of illegal rare earth mining in Ganzhou City, Jiangxi Anyuan County, the local party secretary, in charge of industry Standing Committee, Vice Mayor and Public Security Bureau were investigated. MIIT raw material industries Division inspector had said Jia Yinsong, this case has fully exposed the collusion behind the phenomenon of black interests of the chain.

Wang Qin said that the current market order rare run remains to be further standardized, after the first period of consolidation yielded good results, but illegal mining, unplanned, ultra indicators of production still exists, resulting in a substantial decline in the market price of rare earths, squeezing the legitimate business profit margins, interference market order, crack down on black chain is still a very both tasks.

In order to integrate the rare earth industry, according to the State Department on the 12th document, the State Council has approved the establishment of six Rare Earth Group program, Baotou Steel Group, Xiamen Tungsten (600,549, stock it), the aluminum company and other three groups filed embodiment has received the Ministry of Industry. Meanwhile in the management of SMEs, this year the Ministry issued the 2014 elimination of backward industrial overcapacity in the list of companies. The government hopes to support large rare earth enterprises and small and medium enterprises to rationalize the management of rare earth production mechanism.

There are signs of a rare earth downstream

For this year's rare earth production situation, Wang Qin considered rebound phenomenon, in the first three quarters of the rare earth industry in general should say this is a smooth operator.

She said according to data from January to September this year, as mining and smelting of rare earth producers are basically arranged in accordance with the Land Department, the Ministry issued indicators of production, production remained stable trend, the main business income of 56.7 billion yuan, an increase of 4.38 %, a profit of 2.96 billion yuan, down 24.1%, increase in export volume drop less rare earth metals fell 30.8%, other rare earth export volume year on year growth.

Some of the rare earth deep-processing products, such as rare earth permanent magnet exports grew by 16.7% and imports rose 5 percent, import and export trade surplus fell 11.9 percent, with the rare-earth prices gradually fall, consumer demand downstream gradually warmer.

Currently, a good investor expectations purchasing and storage of rare earths and great interest. Just last weekend, headquartered in Kunming Pan-Asian exchanges in the domestic non-ferrous rare species listed first dysprosium and terbium oxide, terbium oxide value of 8.24 million and the value of 22,350,000 of dysprosium, a total of 3,000 million rare earth products, once listed for sale sold out within a short period to facilitate the declaration of 5 seconds and 24 seconds.

Wang Qin believes that the long term, the development of China's electronic information, aerospace, electric vehicles, energy-efficient lighting, new energy and other industries, will be driven by strong growth in demand for rare earths. According to the Association did predict that in 2020 the growth rate of China's annual demand for rare earth permanent magnet materials luminescent material catalytic materials will reach 9.5%, respectively, around 4.7% and 7%, all kinds of phosphors is expected to reach about 6,000 tons the amount of hydrogen storage materials demand will reach 80,000 tons of rare earth industry still have confidence, mainly downstream demand has signs of recovery.

Investment industry, the quality of the overall investment also improved. January to August this year, China's rare earth industry investment in fixed assets of 60.9 billion yuan, an increase of 17.2%, the new funds are used for the overall relocation, technology upgrades and environmental rectification.

Wang Qin also expected this year, all of the country's 10 kinds of nonferrous metals output growth is expected to be around 7%, investment growth is about to be dropped to around 5%.


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"In the illegal mining of private mines, privately separation, privately smelting, then product sales excluding tax black earth industry chain, the state repeatedly playing endless, with the collusion exists a relationship here," October 31, China Minerals and Chemicals importers and pan-Asian non-ferrous metals exchanges will be co-sponsored "China entrepreneur Summit strategic metal" gap, China Research Institute of Economic Research resource Economics of Land and Resources management Deputy Director Li Ruijun told the Economic Observer Online.

Since 2008 he worked at the China Nonferrous Metals Industry Association vice president Wang Qin said at the meeting, the rare earth industry production order has yet to be standardized, after rectifying some time ago, and has achieved initial success, but the illegal exploitation, unplanned indicators production still exists, resulting in a substantial decline in the market price of rare earth, compression legitimate corporate profit margins, banning black chain is still very arduous task.

Data provided by Wang Qin, China's annual amount of the illegal exploitation of illegal production of rare earth mining and smelting separation products amounted to about 40,000 tons and 50,000 tons respectively, but this is only speculation, "the real amount is difficult to say."

Order Li Ruijun Sadly, our country with 23 percent of rare earth resources to bear the world's more than 90 percent of the market supply, in particular, as currently mined, our heavy rare earth and then mined for about 15 years it has come to no rare earth recoverable situation . And the heavy rare earth rich more than the light rare earth metal element, and a higher value than the light rare earth metal elements, so the price is about ten times the light rare earths.

Recently, the Ministry issued a notice eight ministries and conduct special operations against illegal activities of rare earth, the "hitting" action lasted six months, the time span than in previous years.

October 31, an import and export trading company, told the Economic Observer Online, although the country under heavy blow, many companies do not dare alien smuggling rare, but our company can still take 10 to 20 tons per day fee is 5 yuan per kilogram. Yesterday also take a number, is from Guangdong to Hong Kong and then transfer abroad.

Import and export trading company who said to the Economic Observer Online, we can go into the course, because in both places and customs "have ways", through inspection and customs of the country.

Economic Observer has learned that the integration of large rare earth chess game will soon reveal the answer, has now finalized the Baosteel Group, China Rare Earth Aluminum and Xiamen Tungsten three large groups, recently revealed that the Ministry of the remaining three Rare Earth Group will enter specific demonstration phase of the program . Six by the State Council approved the large group of rare earths, has not been announced for the three programs: China Minmetals, Rising colored and Ganzhou Rare Earth Group.

Li Ruijun analysis, WTO, China has lost the lawsuit, estimated China's rare earth export quota policy may be canceled next year, and in the export volume is no policy restrictions, but good is also accelerating the integration of large rare-earth group, which will contain the rare black but how to control black rare problem fundamentally is still pending and solve problems together.


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According to Korean media reports, Russia to help the DPRK to achieve the modernization of the railway network conditions, and North Korea reached an agreement on the mining of rare earth resources.

South Korea, "Central Daily News" Web site Oct. 30 citing Russian media sources said the Russian Far East Development Minister, said Alexander Galuška Russian companies will need to invest $ 25 billion to participate in the Korean railway network modernization project "Victory" project, "This contract period of 20 years, Russia will be in North Korea in exchange for the mining of mineral resources. "

Reported that Galuška minister's visit to Pyongyang on October 20 -24 days to participate in the project groundbreaking ceremony on October 21 - the "Azusa holes - Gangnam - Nampo railway station interval start building ceremony."

Russia's industry-academia complex "Mostow than the" push this project aims to help North Korea in the total length of 7000 km of railway network, the first 3200 km modernize the railway network, exchange, Mostow than in Korea mining of rare earth metals and mineral resources of titanium, tantalum, gold, coal and so on. Galuška minister said North Korea's rare earth metal buried about seven times that of China.

North Korea and Russia first began this month with rubles, and plans to introduce visa-free regime. Galuška Minister said (Russia's largest hydroelectric power station operators) Ruth Xideluo plans to promote the connection of the Russian Far East and North Korea, South Korea's large-scale inter-Korean Russian electricity network.
 

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October 28 afternoon, "First Financial Daily" reporter learned from authoritative sources, in order to respond to changes in rare earth export situation, the next stage, the Ministry will promptly revise and improve relevant policies and regulations and management measures.

Specific measures include: to promote the early introduction of rare regulations; revise and improve instruction and rare earth rare earth management approach; the establishment of rare earth products traceability system; improve resource taxes South ionic rare earth. It will also continue to implement the classification of the severity of the rare-earth management, to crack down on illegal rare earth production, meanwhile, continue to adjust and a corresponding increase in light rare earth targets.

Geneva time on August 7, WTO announced the United States, European Union, Japan v China rare earths, tungsten, molybdenum export management measures related to the case (that rare case) Appellate Body report. WTO Appellate Body had experts maintain export tariffs on Chinese products involved, the export quota measures do not comply with the relevant WTO rules and China's WTO commitments ruling.

Because of the rare earth export situation in the doldrums, there has been a surplus of rare earth export quotas, exports of rare earths outside of the abolition of the quota system differences also exist, but the president of the China Rare Earth Industry Association Gan Yong believes that if this cancellation of rare earth export quotas, it will further increase rare earth industry management more difficult.

MIIT also made a basic judgment, WTO litigation case late, after next year's export quota of rare earth-related market will have to adjust the impact point will be difficult in the first quarter of next year.

China Merchants Securities said in a research report said that with the WTO litigation against rare earth export quota policy adjustment is inevitable, "the first quarter of 2015 will be a critical period for China's rare earth industry, in order to prevent a drop in price of Export Growth situation, the state regulation of rare earth industry can not wait. "

And on the rare earth mandatory plan, although the total annual increased, but the implementation of mandatory plans have been criticized by the industry. Among them, this year's rare earth ore (rare earth oxides REO) total production control index was 10.5 million tons, but compared to the current actual production of rare earth, there are still companies "not enough."

For this reason, after a period of deliberation, the Ministry decided to Bianzhao in policies and regulations. Specifically, carry out special operations against illegal acts of rare earth; and accelerate the formation of large rare-earth enterprise group; utilization of rare earth resources management practices. Level in policies and regulations, the Ministry will promptly revise and improve relevant management measures.

 

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