Reporters from Jiangyin City Inspection and Quarantine Bureau , in 2013 , the export of rare earth products Jiangyin amount of $ 24.3 million , down 34%. However, the batch weight has increased by 48% and 22% , the growth rate hit a new high of nearly three years , the overall performance of the amount or price .

Rare product is called industrial monosodium glutamate or industrial vitamins, is the development of high-tech strategic elements , very versatile , mainly for optical glass, phosphor materials , magnetic materials, electronic materials. Manufacturing energy saving lamps that people use every day , cameras, televisions are inseparable from the rare earths. In addition , rare earth can also be used to automobile exhaust catalysts and sulfur medical gadolinium magnetic resonance imaging .

Jiangyin export of 22 rare species, mainly yttrium oxide , neodymium oxide , etc. , are mainly exported to the Netherlands , South Korea, the United States more than 10 countries or regions. 2013 , prices fell by rare earth products is the result of many factors , the most important is the pressure from the world's rare earth supply diversification .

According to reports , in recent years , as China's tightening control of rare earth exports and production , overseas production of rare earth can be quickly restored and fully developed , the international rare earth market gradually reduce dependence on Chinese rare earths . Some countries in the past imports of rare earths from the country , in addition to diversify sources of rare earth imports , it also actively develop alternative materials and recycling technologies to reduce the amount of rare earths . In addition , rare earth processing companies just need enough excess capacity is also an important factor in falling prices . Such as electric vehicles because of immature technology , the demand is much lower than expected, as wind power and demand for rare earth phosphors demand for large enterprises also have seen a sharp decline.


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