The rare earth market remained stable, in late April have been deadlocked of dysprosium praseodymium neodymium, price change slightly, has been pre wait-and-see market, offer the same businesses have started a price, price rise, and some still hold wait-and-see attitude, quoting a smooth.

Praseodymium and neodymium products market, the current ticket price changes is not obvious, according to the Ganzhou area reflect manufacturers now praseodymium neodymium metal 420000 yuan / tons, without the ticket is 360000 yuan / ton, the relative rise slightly with no tickets. Praseodymium neodymium oxide with ticket prices were little changed market still is in 325000 / tons, without the ticket price increase, according to a trader present not less than 280000 yuan / ton price.

Dysprosium oxide market price stability incident, mainly in, some suppliers raised dysprosium oxide without ticket prices, from five one before the 142, 1430000 yuan / ton to 1450000 yuan / ton, with ticket prices stable in the 165-170 yuan / ton, before the price in the 1680000 yuan / ton businesses said will still according to this shipment, temporarily not in a hurry to price adjustment. Dysprosium iron market, the recent turnover was not active, manufacturers to reflect the recent because of holiday and did not receive one, the price are given without tickets 148-150 yuan / ton as a reference.

Gadolinium products market, nearly two suppliers offer a slight increase trend, the gadolinium oxide with tickets 15-15.5 yuan / ton, gadolinium iron ticket is in 16-16.8 yuan / ton, the price before higher businessmen did not significantly adjust the price.

With a slightly different ready to spot market, as of today, 14:00, Baotou rare earth exchange most rare earth oxide spot listing prices appeared slightly down trend, turnover is very few, such as turnover of less than a ton of praseodymium neodymium oxide, dysprosium oxide only 100 kg.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

"The Australian" reported yesterday, the Rainer company once again won the Rainer advanced rare earth material factory operating license. Malaysia's Supreme Court, the federal court dismissed save Malaysia group on the Laina company litigation request.

The group has been looking for opportunities for license bureau to Lena factory in Malaysia to issue a temporary license decided to judicial review of atomic energy. Reiner says, the decision to maintain the court of appeal and the high court ruling Malaysia kuantan.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

Commerce Ministry spokesman Shen Danyang at a regular press conference that the United States in April 8th, the WTO dispute case of the rare earth, tungsten, molybdenum, tell me the relevant export control measures to WTO DSB appealed, China on 17 April, WTO dispute settlement mechanism proposed crossover appeal.

Shen Danyang said, at present, the case is in the phase of the trial the appellate body, China will make every effort to appeal,  no matter how the results, policy objectives will not China protection of resources, environmental change, will continue to comply with the rules of WTO way to strengthen the resources product management, the maintenance of fair competition. Notable is, sovereignty over natural resources WTO respect members, recognition of resources, environmental protection policies, this point has been reflected in the report of the expert group.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

To promote the rare earth Park project, Fujian (Longyan) rare earth industrial park set up project service team, perfect service system, implement the "one project, a deputy division level leadership, a team, a grasp in the end" "four in one" work mechanism, efforts to promote the project starts early, fast construction, early put into operation. In March this year, the company has invested 16000000 yuan, development and production of intelligent LED lighting products to meet the construction permit, the EIA and other problems. Park staff in a timely manner and environmental protection, urban construction, electric power and other departments, within a week to help the enterprises to solve the environmental assessment, construction permits and other issues, and installed transformer, high voltage metering, power distribution room, power system, so that the enterprises can normal production as planned. And solve the enterprise staff housing and the children go to school in a series of 20 questions, at the same time, city, province, county, a comprehensive review of relevant financial, land, and other policy, further improve the park investment policy, improve the park service mechanism, promote the rapid development of enterprises.

The field of machine vision, artificial intelligence, Huazhong University of Science and Technology professor and PhD co sponsored and organized the Fujian Laobote Technology Co., Ltd., a total investment of 180000000 yuan, the production of LED optical devices, intelligent video analysis system project, the one or two phase of the project of 49.7 acres of land, construction of 5 3 storey buildings, 1 office buildings, a building area of 33500 square M. At present, two factory buildings have been completed and 3 layers of the main body, a LED lamp production project has been leased to transition the production Park standard plant, to achieve better economic benefit. At present, the park signed landing project 14, a total investment of 3964000000 yuan, is expected to put into production after the annual output value of 8000000000 yuan.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

WTO announced the United States , European Union, Japan and other members of the party complained Chinese exports of rare earth tungsten and molybdenum - Measures ( referred to as: " rare case" ) panel report , the report says , the Chinese government adopted a series of measures to limit the export of these products violation of the WTO rules should be amended to conform to WTO rules . In this regard, the Chinese side expressed regret and has recently decided to appeal the panel report in relation to the WTO Appellate Body .

In recent years , Chinese government for the purpose of protecting the environment and exhaustible domestic resources have been put forward a series of measures to limit the export of raw materials such as rare earth , which caused the United States, Europe , and Japan , as rare as a strategic resource and long tradition imported from China "big " their dissatisfaction. But in fact, rare earth resources in China have not rich , but it has long been the world's largest rare earth export country . With the rapid development of high-tech industries , global demand and rapid growth in the consumption of rare earths . Rare earth resources are non-renewable mineral resources , due to the large number of years , disorderly exploitation , China 's rare earth resources are on the verge of exhaustion . On the other hand , rare earth production, processing a tremendous impact on the ecological environment , environmental pollution caused by its mining more serious . Seen, to some extent, limit exports of rare earths will undoubtedly help to curb the momentum of China 's rare earth mining , consistent with the policy goals of sustainable development.

Many people do not understand , is this a very proper measures are WTO panel did not get recognized , but the judgment against the Chinese ? Some people ask, Does the Chinese government must sacrifice their own resources and the environment to maintain a large number of exports to developed countries do ? For China, this is fair? In fact , just read the panel report , it is not difficult to find , WTO Expert Group did not identify the Chinese government restrictions on the export of raw materials and rare earth purpose is wrong, not only that, the expert group on the Chinese side to protect exhaustible resources and the environment in mind to be sure that this is not only consistent with the objectives of sustainable development pursued by the WTO , but also China has sovereign rights to manage natural resources. Unfortunately , the Group believes that some restrictions on the export of measures taken by the Chinese side did not achieve the above objective , for some reasonable evidence and views put forward by China were not admissible . Especially in the export tax measures , despite an expert group members supported the Chinese point of view , but in the end the Group of Experts still believe that China is not entitled to invoke GATT Article 20 , " General Exceptions " clause of China 's export tax take defense .

On appeal , we should carefully analyze the report of the Group , on this basis, the full use of WTO rules and construed in accordance with the law argue utmost to strive for the success of the appeal . In accordance with WTO rules , the Appellate Body only appeal to review the legal issues of the case , therefore , the ability to use the rule of law , the explanatory power is critical to the success of the appeal . Now it seems that the final result for the appeal , the hopes and fears coexist.

On the one hand , the export tax, an expert group members as well as Russia , Brazil , Argentina and other members of the party 's support for China -related positions so that we see the hope . In the case hearing , the experts believe that , starting from the integrity and overall perspective of interpretation of the WTO Agreement , together with the Chinese side should enjoy the " general exceptions " rights conferred by Article 20 of GATT on the export tax issue with the WTO members , the provision allows members to meet the statutory requirements under the premise of protecting the environment and exhaustible resources , the protection of human , animal and plant life and health and violate WTO rules.

The WTO has ruled in China - nine kinds of raw materials case , WTO Expert Group based only on China ' accession to the Protocol , " the terms of Article 11.3 of the export tax is not recognized on the Chinese side has no right to invoke GATT1994 advocate on the issue of export taxes GATT Article 20 " general exceptions" rights conferred by this new member of the WTO , such as China is obviously unfair . To this end , the Chinese government and international law experts , scholars have been using a variety of occasions , actively using the theory of international law and WTO rules argue , finally won the " rare case" in which an expert as well as a number of important WTO members support , indeed made ​​important progress . But one can imagine , on this issue , the appeals process between China and the United States, Europe, Japan and the inevitably there will be a battle , we must be fully prepared for all aspects of the fight to change the position before the WTO Appellate Body held , China is in favor of the right to invoke GATT Article 20 , " general Exceptions " in terms of export taxes .

In addition, efforts to protect the environment and exhaustible resources expert group to ignore some of the evidence submitted by China and , in particular, that the Chinese government take to limit the number of rare earth and other views licenses and other export restrictions and WTO rules we should further explain and defend to the Appellate Body . Of course , from a previous judicial practice WTO Appellate Body ruling to overturn the possibility of the Group of Experts was not great, which is why we worry for the outcome of the appeal , but even so, should not be shaken, even give up fighting for the rights of determination and confidence because , after all, is an important opportunity to appeal to reiterate our views and positions .

Meanwhile , at home, our government departments and local should urgently re-examine whether there are areas for improvement restrict the export of rare earth and other raw materials and concrete implementation of policies and measures to implement the process . For example , in accordance with the requirements of the WTO rules and the " principle of good faith " in international law , at the same time should also restrict the export restrictions on domestic production and consumption , export restrictions , if on the one hand , while on the other hand the domestic production and consumption is increasing , this will form the international trade " arbitrary, disguised discrimination ," which is not allowed by WTO rules . In particular it should be noted that, after the central government has formulated policies , some local governments and enterprises only their " petty " , openly or covertly continuing large number of mining rare earths , the so-called "policies , under measures " , not only with the efforts made ​​by the national environmental protection and related decisions contrary , but also invited heavy criticism , be evidence of another attack China 's rare earth policy. In addition, to implement the protection of the environment and exhaustible resources policy, between the central government departments, relevant policies and measures between central and local government should further be coordinated , absolutely avoid fragmented, inconsistent rulemaking situation agreement obligations , which is uniform implementation of WTO and the principle of transparency requires members to bear , in this regard , we have a lot of work to do .

In short, the " rare case" gives us a lot of inspiration and reflection , hope and worry exist , but for our future development of environmental policy and legislation to promote scientific, fine, unification is concerned , is not a bad thing. Source: China Law Network


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

World Trade Organization WTO announced the United States and Europe v. rare earths , tungsten, molybdenum export management measures related to the case of the panel report China , ruled the Chinese export management products involved violations.

This result should be able to expect. Two years ago, the WTO ruled that China's restrictions on including bauxite , coke, magnesium, manganese and zinc in the case of nine kinds of illegal export of raw materials , China has been foreshadowed in the case of rare earth export restrictions are also doomed fate.

The news , as usual, will be left to find reasons to prove , " China has always been right ," such as "Liberation Army Daily " published remarks as " double standards " , " bend the rules " , the official said that China 's foreign trade business to continue studies to assess . WTO regulations within sixty days to appeal . It is said that China respects ready to appeal , but we all know that completely overturned this ruling little chance of winning . In this regard, Chinese official sources quite indignant meaning.

China WTO ruling seems to feel aggrieved. First, China needs to import a lot of minerals, raw materials and other commodities from the international market . Whenever China needs these commodities , the rise in commodity prices has frequently , for example, when China to import large quantities of iron ore jumped up , China has no complaints , have not seen anything to come forward WTO ruling . Secondly, the reason for China to impose export taxes and export of rare earth export quotas limit its intention also to protect the environment and the conservation of exhaustible natural resources.

WTO ruling on China's rare earth export violations , mainly manifested in two aspects, one on a rare earth exports increased export taxes , and second only export a certain amount each year , which is the export quotas. And these two are all committed to the year when China joined the WTO.

In China's official view, if canceled rare earth export quotas and export taxes , the international market price of rare earth will certainly be down, and the reason why the U.S. and European Day against China 's rare earth export violations, is to buy at the lowest price of rare earth .

Destroy their WTO commitments into

Rare has " industrial vitamins ," said the missile is large , small chips to computers and mobile phones are indispensable raw materials . China has long been the world's rare earth reserves in Twenty three percent supply 90 percent of rare earth products to the international market. Deng had said: "The Middle East has oil , we have the rare earths ." However , China does not seem like a lot of oil reserves in the Middle East has a lot of that to make money .

There was a long period of Chinese rare earth mining disorder , resulting in the exploitation of rare earth resources, the local environment has been severely damaged . In both north and south China ─ ─ Inner Mongolia Baotou Rare Earth powerhouse and Ganzhou, Jiangxi , for example, due to indiscriminate Baotou cause water pollution, the threat of the Yellow River water quality and safety ; and Ganzhou Rare Earth cause indiscriminate source of Dongjiang department was severely damaged, preliminary estimates restore the ecological needs at least thirty-eight billion yuan . Any resource -rich regions of the world are overflowing with places that China was only left the region after the destruction of an ecosystem of rare earth indiscriminate . On the other hand , due to the rare disorder caused by indiscriminate export of cut-throat competition , the international price of rare earths was equivalent to loess, cabbage.

2005 ─ ─ 2008 , the Chinese government intervened in the . Government export taxes and reducing export quotas , not only improve the international price of rare earth , Chinese government earn some money , and in the second ○一○年embargo on rare earth mine in Japan . Chinese official about it in their own government intervention on the rare earth industry, serve, not only be harvested economically and politically in Japan can get one.

As everyone knows, this is a clear violation of the relevant provisions of the WTO and WTO commitments when China's own , destroy the Third Plenary Session of the 18th CCP keeps saying to strengthen market rules , and such a move also transfer those costs should have been borne mining responsibility of enterprises.

2011 China's State Council issued the " Opinions on Promoting the sustainable and healthy development of rare earth industry ," under the auspices of the Ministry of State , set up several large state-owned group specializing in rare earths , the basic form to large enterprises as the leading rare earth industry grid .

Thus , the phenomenon of low Luancai can stop rare earth industry , but its monopoly and "monopoly price" and inefficient enterprises almost impossible to avoid , and the power of the franchise is very easy to become right " rent-seeking" a . In particular, these central enterprises the power of our franchise come , not by management, technology has improved but the government mandate, how can they expect the future development of technology to improve the effectiveness of it?

Resource does not belong to state-owned sovereign franchise

In fact , WTO also focus on environmental protection and resource acknowledge the principle of sovereignty . In other words , WTO did not identify China 's rare earth export prices should be " loess price" , "cabbage price" , nor that the Chinese rare earth mining can not repair the damage to the local ecology or the local ecology to local sufficient compensation . WTO against the Chinese government in addition to just administrative intervention in commodity export duties and export quotas limit .

China 's rare earth, of course, belongs to China . But at a higher level use of resources on the planet also belongs to all mankind , just under the principle of sovereign resources , the need for equivalent exchange . In the context of economic globalization, the more necessary in the global exchange of equal freedom and equality .

In this sense , any enterprise under the premise of protecting the environment , after the purchase of the mining rights and pay full compensation to the local ecology of rare earth resources in the sovereign owner, has the right to exploit orderly trading rare earth mine , neither the Chinese government needs to levy export taxes , export quota system , but do not need the Chinese government has enacted several large state-owned enterprise specializing in China 's rare earth mine .

WTO to recognize China's sovereignty over China's rare earth resources , that is, all the Chinese people 's property. Today, the Chinese government side of the rare earth export levy taxes, export quotas , the other side is a state-owned enterprise specializing in the development of several domestic rare earth , quite a bit of resources to all the Chinese people 's sovereignty ─ ─ rare for himself and some few agents specializing in state-owned enterprises taste. But rather , the WTO ruling against the Chinese government under the auspices of the World Trade Order and Justice , but also speak up for the rights of ordinary Chinese people in China 's rare earth mine .

It should be said that China is in the process of economic globalization, the biggest benefit , China's accession to the WTO ten years, economic output doubled. However, " Liberation Army Daily " has boasted , WTO ruling against China's restrictions on exports of rare earths , is " Europe Day by the name of ' fairness ' , the abuse of the rules they led the development of " threatened to " how to better protect their own interests in international trade ." .

Now who can see , the WTO has been increasingly unable to meet immediate and future developments in the international trade , WTO Doha negotiations stalled on this point. The future of international trade on the implication in today's world of three ongoing negotiations , namely trans-Atlantic negotiations TTIP, Trans-Pacific Strategic Economic Partnership Agreement negotiations on TPP, and re- negotiate the rules of global trade in services TISA, as the world's largest trading nation the Chinese but was excluded from these three negotiations. China WTO rules are not even good faith compliance , then China 's international trade will have a future?


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

In WTO (WTO) issued a report of the expert group on the export of rare earth Chinese dispute about a month later, the Appellate Body in April Chinese respondent 25 to WTO (Appellate Body) to submit the documents.

According to the WTO Appellate Body last Friday published documents, the expert group report more than 170 paragraphs to the contrary, that report misinterpreted WTO rules and China WTO documents, and demands the appellate body rejected the Chinese &ldquo expert group report; export quota & rdquo; illegal ruling.

China announced an appeal in April 17th. Earlier, one of the rare earth case prosecution American in 8 April, the Appellate Body appeal; the expert group in the ruling process on the evidence of the expressed dissatisfaction with.

This marks the concern of the Chinese rare earth export dispute case dispute settlement procedures in appeal procedure. Appeal only from legal interpretation angle put forward different views, not re examination, or open a new topic.

In accordance with the rules, the Appellate Body shall make a reply within 60 days, not more than 90 days time, support, modified or rejected expert group report. After that, the dispute settlement body must be accepted within 30 days, or reject the consensus based on the outcome of an appeal.

At present, the rare earth case of the other two prosecution the European Union and Japan have not followed American appeal.

WTO released report of the expert group on Chinese rare case in March 26th, to support the most litigation of America, Japan, three party requirements, also rejected part of the prosecution claims.

Think Chinese including 17 kinds of rare earth dispute settlement mechanism of the report of the expert group (rare earths) raw materials, tungsten (tungsten) and molybdenum (molybdenum) and imposed export restrictions violation.

These three kinds of export restrictions are: raw materials of rare earth on the various forms of export tariffs, export volume of a certain time to impose quotas, as well as the raw material export enterprises access to certain restrictions.

The final report are explained, China WTO documents promises to cancel these export tariffs, and these rare earth raw materials have not been included in Annex excluded; export quota settings for the target of industrial policy, rather than the “ ” objective; at the same time, the enterprises to export power limits in violation of WTO rules.

The expert group report was published, in Europe, America, parties to make a statement. America White House Trade Representative Office (USTR) believes that the U.S. won.

Chinese Ministry of Commerce Department of treaty and law day to say, expert group recognized China take on rare earth, tungsten, molybdenum comprehensive resources and environmental protection measures, rejected the EU enterprises export quotas for export performance of Mo “ ” requirements that discriminate against foreign companies, China appreciates.

The Commerce Department said, the panel ruled the Chinese product export tariffs, quotas and export quota allocation and management measures are not in conformity with the relevant WTO rules and China joined the WTO commitments, China regrets.

China believes that, in the increasingly serious resources and environmental pressures, Chinese government in recent years to strengthen and improve the high pollution, high energy consumption, resource consumption of products integrated management, “ these management measures in line with the goal of sustainable development WTO advocated by ”.

Makiyama Hiroshi, director of the ECIPE at trade issues (Hosuk Lee-Makiyama) on the twenty-first Century economic report reporter said: “ China's successful appeal the possibility is very small. ” Makiyama Hiroshi said, the central government to solve the environmental problems through the trade restriction measures, is not consistent with the rules of WTO.

According to industry organizations China Rare Earth Society website on April 24th to the Reuters data, rare earth exports to Japan in March USA and Chinese have growth, which increased 10.85% to beauty, to growing 38.21%.

Data shows, in France, Spain, Germany and Holland and other EU countries in rare earth exports also rose significantly, the United Kingdom, Austria and other countries dropped.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

May 5, 2014 Price of rare earth products

Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

The rare earth market stalemate, buying is still sparse, but rumors Shouchu or rare earth will in May 10-15 day start, vendors must be very price mentality, wait-and-see sentiment strong. At present, praseodymium and neodymium prices slightly upward, other prices steady.

Dysprosium oxide mainstream manufacturers including tax 160-165 yuan / ton, Dy Fe mainstream manufacturers including tax price 165-170 yuan / ton.

Praseodymium oxide mainstream manufacturers including tax price of 570000-580000 yuan / ton. Neodymium oxide 315000-325000 yuan / ton.

Lanthanum oxide manufacturers including tax price of 19000-20000 yuan / ton. Cerium oxide mainstream manufacturers including tax price of 20000-21000 yuan / ton.

Praseodymium neodymium oxide mainstream manufacturers including tax price of 325000-328000 yuan / ton, praseodymium and neodymium metal mainstream manufacturers including tax price of 415000-425000 yuan / ton.

Europium oxide of phosphor grade mainstream manufacturers including tax price 3950-4050 yuan / kg. Terbium oxide of phosphor grade mainstream manufacturers including tax price 3000-3200 yuan / kg.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

WTO announced the United States, European Union, Japan against China rare earth, tungsten, molybdenum export management measures related to the case of the panel report , ruled that the export control measures Chinese products involved violations. This means that China 's export quota management system over the years , or will be forced to cancel.

Face is likely to be canceled rare earth export quota management system , China 's rare earth companies ready yet ?

" According to regulations, upon receipt of the expert group report , there is a right of appeal , the appellate body will make a ruling within three months, within 60 days, so now is not the final case , the expert group is currently being studied law to make analysis to decide whether to appeal. " Deputy Director of the Department of Treaty and Law Department of Commerce Yang Guohua said .

Once abolish restrictions of rare earth export quota management , release of rare earth supply , get the current quota of rare earth enterprises is bound to increase competition , China's rare earth will it return to the " loess price" touting the situation?

Rare earth enterprises in Sichuan Sheng and Resources Holdings Co., Ltd. Deputy General Manager told , could increase competition for enterprises, rare earth products on various parameters indicators refinement requirements of different enterprises targeted products , in addition to even the elimination of export quota management system , there are export quality , product quality and other aspects of constraint , so customers will not change because of little benefit procurement object.

"Sheng and resources at the Ministry of Commerce issued the first batch of rare earth export quotas this year , access to more than 600 tons of export quotas , prices remained stable and the industry average . For effects may want to cancel the export quota management system of the enterprise , which depends on the specific customer relationships , not simply judge. "These Sheng and resources secretaries said.

In addition, he also said that the country 's rare earth industry in 2012 and 2013 are not completely finished using export quotas.

Statistics show that the total 2013 export quota of 24,000 tons of rare earth (equivalent to the physical volume of 31,000 tons ) , the annual quota of rare earth products actual physical volume of exports 22,900 tons , an increase of 36.3% , exports amounted $ 603 million .

Du Baichuan of rare earth industry analysts said the downturn in recent years due to lower demand for rare earths , the actual export volume has been far below the export quotas, export quotas practical significance has little importance is gradually reduced.

Du Baichuan also said that the light rare earths worldwide are abundant, and more scarce heavy rare earth , Chinese light rare earth exports proper release is possible , should focus on the protection of the heavy rare earths . Moreover, even if forced to cancel the export quotas , customs can also increase the limit ; Meanwhile, the domestic regulation of rare earth enterprises have gradually improved, such as the current national authorities to implement the rare earth industry, invoices, certificates of rare earth mineral rights management and other measures.

Need to speed up the integration of rare earth

Whether the WTO ruling will be appealed , deputy secretary general of China Rare Earth Industry Association陈占恒newspaper that is currently in the analysis phase of the panel report , comments , " In the absence of full interpretation, complete analysis , published and immature, but will soon be concluded . "

However, industry analysts believe that the possibility of changing the ruling is unlikely.

CPPCC National Committee, China Academy of Engineering , president of the China Rare Earth Industry Association Gan Yong early March , said in an interview , "and the WTO rare earths very grim situation facing lawsuit , WTO has given us the right to appeal , but from the results, there is almost a role in delaying the execution time . "

But the WTO panel report released the same day , the aluminum Rare Ltd. in Sichuan Liangshan , Sichuan Dechang proclaimed , Chinalco 's rare earth industry consolidation platform - China Rare Earth Rare led Leshan Sheng and RE shareholder Representative corporation , utilization of Mineral Resources Chinese Academy of Geological Sciences Institute , Institute of Rare Earth new Materials Co., Ltd., Sichuan Han Xin Mining development Co. , DeChangXian owned Assets Management Co. , Ltd. and other signed agreements.

Ministry of Industry and Information Technology Division inspectors raw materials , rare earth JiaYinSong Office on the day of the meeting , said Chinalco Sichuan State Council meeting clearly lead the integration of rare earth enterprises, RE integration and the formation of working group set up six large deviation must not be allowed rare premise enterprise group .

In fact , the industry believes that China is speeding up the integration of the results of rare earth in order to hedge against possible in recent years.

State Ministry in early January of this year, the meeting proposed that key support Baotou Steel Group , China Minmetals , Chinalco , Guangdong earth, Ganzhou Rare Earth and Xiamen Tungsten , respectively, led to promote mergers and acquisitions, formation of large rare earth enterprise groups. But the process has not been easy , game six of the Group are integrated with local governments and enterprises abound.

Baotou Steel Rare Earth as though it clear that the establishment of the North will lead the integration of the rare earth group, but at the beginning of this year , " the integration and restructuring agreement ", the number of companies involved in reorganization has dropped nine of 12 , Baotou Steel Rare Earth did not complete the encirclement .

In addition, Guangdong Rare Earth Group , and Guangdong Rising Nonferrous rare earth belong Rising Assets Management Co., a subsidiary of the two sides is associated enterprises. In accordance with the Commission 's restrictions on competition within the industry , which is bound to have one of the two companies make a " sacrifice" , the transfer of its rare earth business .

Industry analysts believe that , from the current situation, the integration of a large group of rare earth has not been completed , such as maintaining the " verdict " , China is in urgent need time to accelerate the pace of integration of a large group of rare earth .

The real risk

"In fact, the rare earth industry is currently in oversupply situation , downstream demand has weakened rare earth , rare earth prices have been low, even if the elimination of export quota management system , companies bidding space is small, the worry is not the key to the bid . " Du Baichuan for representation.

He said that the main problem is the rare earth smelting industry overcapacity and a separate set of mining, production, circulation , smuggling as one of the chain of black interests have not been eliminated , and the resulting decline in prices of rare earth products , rare serious business losses .

Finishing found , in the rare earth group responsible for the integration of several major companies, its performance last year are not ideal. Rising Nonferrous which the reporting period, operating income of about 1.6 billion , down 32.77% : net loss of 109 million , up 365 percent fell sharply .

The report analyzes revenue up colored Rising rare earth and related products decreased by 802.71 million yuan , of which the rare earth industry revenue down by 365.46 million yuan , rare earth and related products trading business revenue decreased by 437.25 million yuan ( of which export revenue up reducing the 310.87 million yuan ) .

Baotou Steel Rare Earth last year while operating income decreased by 8.33% to 8.47 billion yuan , net profit also fell , edged down 0.11 percent year on year to 1.44 billion yuan ; Annual Sheng and resources in 2013 , the company net profit of about 146 million yuan last year , fell 5.24 percent .

Many industry insiders believe that the current problem is the price of rare earth industry downturn , weak demand , high inventories , due Luancailuanwa still exists , is difficult to count the number of specific stocks . But look at the typical price of rare earth products , such as the price of lanthanum oxide in 2011 more than 30,000 yuan a tonne, the highest ever reached 250,000 yuan , but currently only 20,000 yuan / ton.

Overcapacity and price slump is currently facing a number of challenges rare earth enterprises , and the integration of a large group of rare earth has been slow , perhaps the elimination of export quota system , allowing the export of rare earth return to the market will bring these companies a way out.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn