Korea trillion worth of rare earth ore exposure

With " industrial vitamins ," said rare earth is a very valuable strategic resource , currently the world China , Russia, the United States and Australia is the world's rare to have four countries . However, according to the latest media coverage of China 's neighbor North Korea may soon have to join the club of great powers rare .

Media reports said private companies sre minerals recently reached an agreement with the Korean trading company of natural resources , development is located 150 kilometers northeast of Pyongyang, North Korea at jongju rare earth deposits , but jongju allegedly the world's largest rare earth deposits .

According to professionals assess potential mineral deposit amount jongju is 60 million tons, about 216.2 million tons of rare earth oxides , which are mainly associated cerium apatite and rare earth minerals , including lanthanum, cerium and praseodymium and other light rare earths. The more valuable heavy rare earth reserves of about 5.45 million tons , accounting for 2.6% of total reserves of rare earth oxides .

In this regard , the Australian Institute of Mining and Metallurgy, the project is also a leading scientist Dr. louis schurmann said , jongju is the world's largest rare earth deposit targets . Theoretically , jongju deposit of 216 million tons worth trillions of dollars , is expected to present the world's known resources of rare earth oxides doubling .


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Baotou Steel Rare Earth breakthrough

Reporters learned from the rare-earth Hi-tech Zone , Baotou borne by the "National 863 Program" Steel Rare Earth made ​​new progress in some areas of clean steel REE yield improved significantly under the premise of maintaining stable .

It is understood that Baotou Steel Technology Center brings together a number of outstanding scientific and technological personnel , after smelting , rolling and other aspects of the production process of long-term exploration and improvement , scientific and technical personnel to take a variety of methods , adding rare earth in steel , steel and gradually overcome casting process of flocculation , yield instability and other problems, by casting trial production , to achieve a smooth production and to ensure the stability of rare earth yield , yield between 15-40% .

Manager of detection, REE -rich steel horizontal and vertical impact toughness at low temperature , high temperature plastic properties were significantly improved , reaching a reasonable process, low cost , high yield income , micro-alloying obvious effect of rare earth and other technical requirements . Currently, in collaboration with technical centers and production plants , the results have been applied to the new automobile steel plate armor , rare earth rail , etc. , to good effect.


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How Impact on The Total Mining Tungsten,rare Earth And Other Control

How impact on the total mining tungsten, rare earth and other control?




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RE market remains stable, thinly traded

Currently RE market remains stable, slightly lower transaction prices of individual products , there are manufacturers that are traded are relatively light rare earths , not the goods . Mixed views on the business outlook , bearish see stability of both , some businesses may think the outlook is still upward .

Praseodymium , neodymium market, businesses offer a smooth , slightly lower part of the business transaction price . According to the manufacturers with Ganzhou understood praseodymium , neodymium with votes 40-40.6 yuan / ton, with weekly prices were flat. Currently without a ticket price remained at 340,000 yuan / ton, the price is slightly lower individual businesses 1-2 thousand dollars / ton, although the market is more deserted, there are vendors do not accept less than 340,000 reflects the price of shipping. According to sources from the industry , although rare hitting has achieved results, but there are still a number of illicit small processing plant supply into the market , driving down the market price.

Metal, according to the current manufacturers offer Ganzhou Rare Earth and China Association released pricing information displayed neodymium metal prices continue to fall , according to the manufacturers with Ganzhou understand the current metal prices have been as low as neodymium 406,000 yuan / ton , according to feedback from other manufacturers of metal dysprosium prices temporarily remain stable at 2.4 million yuan / ton or lower , not significantly reduced .

Gadolinium products, according to gadolinium iron plant reflects merchant shipping now positive, but the order is not ideal , the current price is the lowest level since mid-July, although not dramatically diving prices , factory shipments are still minor adjustments to the current gadolinium iron ship with ticket prices at about 170,000 yuan / ton , lower prices at 167,000 yuan / ton. The current prices are gadolinium oxide 15-15.5 Million / tonne between shocks.


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December 12, 2013 market price of rare earth products

December 12, 2013 market price of rare earth products

Name Specifications Origin / Mark Reference Price Average Change
Lanthanum oxide La2O3/TREO 99.5-99.9% Domestic 23000-24000 yuan / ton 22500 -1000
Cerium oxide CeO2/TREO 99.5-99.9% Domestic 23000-25000 yuan / ton 24000 0
Praseodymium oxide Pr6O11/TREO 99.0-99.9% Domestic 560000-580000 yuan / ton 570000 0
Neodymium oxide Nd2O3/TREO 99.0-99.9% Domestic 315000-325000 yuan / ton 320000 0
Samarium oxide Sm2O3/TREO 99.5-99.9% Domestic 19000-20000 yuan / ton 18500 -500
Europium oxide Eu2O3/TREO 99.95-99.99% Domestic 4500-4700 yuan / kg 4600 0
Gadolinium oxide Gd2O3/TREO 99.5-99.9% Domestic 170000-180000 yuan / ton 167500 0
Terbium oxide Tb4O7/TREO 99.95-99.99% Domestic 3500-3600 yuan / kg 3550 0
Dysprosium oxide Dy2O3/TREO 99.5-99.9% Domestic 1750-1850 yuan / kg 1800 0
Erbium oxide Er2O3/TREO 99.5-99.9% Domestic 350000-355000 yuan / ton 347500 0
Yttria Y2O3/TREO 99.995-99.999% Domestic 60000-70000 yuan / ton 65000 0
Praseodymium , neodymium oxide (Nd2O3 + Pr6O11) / TREO ≥ 75.0% Domestic 315000-325000 yuan / ton 320000 0
Rare earth carbonate REO 42.0-45.0% Domestic 27000-28000 yuan / ton 27500 0
Metal lanthanum La / TREM ≥ 99.0% Domestic 53000-55000 yuan / ton 54000 0
Metal cerium Ce / TREM ≥ 99.0% Domestic 58000-63000 yuan / ton 60000 0
Metal Pr Pr / TREM 96.0-99.0% Domestic 590000-610000 yuan / ton 600000 0
Neodymium Nd / TREM 99.0-99.9% Domestic 415000-425000 yuan / ton 41500 0
Metal terbium Tb / TREM ≥ 99.9% Domestic 4800-4900 yuan / kg 4850 0
Dysprosium Dy / TREM ≥ 99% Domestic 2800-3000 yuan / kg 2900 0
Metal yttrium Y / TREM 99.9-99.95% Domestic 270-290 yuan / kg 280 0
Lanthanum cerium metal Ce / TREM ≥ 65.0% TREM ≥ 98.5% Domestic 45000-47000 yuan / ton 46000 0
Praseodymium neodymium metal Pr / TREM 20-25% Nd / TREM 75-80% TREM ≥ 98.5% Domestic 415000-425000 yuan / ton 402500 -5000
Praseodymium , neodymium and dysprosium metal TREM ≥ 99.0% Domestic 425000-435000 yuan / ton 430000 0
Dy alloy Dy80% Domestic 1950000-2050000 yuan / ton 2000000 0
Battery grade mixed rare earth TREM ≥ 99.0% Nd / TREM ≥ 15% Domestic 135000-145000 yuan / ton 140000 0



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