According to reports, the Indian state-owned company plans to invest rare $ 72 million (about 450 million yuan) to develop a reserve of about 300 million tons of rare earth project is expected to reduce the dependence of some importing countries of China's rare earths.

According to industry publication Metal MetalMiner reported Wednesday that the new plant from the 100 million tons of heavy mineral sand beach 470 km Orissa beach at extracting rare earth materials located. A series of new trends in the rare earth industry in India shows that as the world's second largest producer of rare earth, rare earth, India has decided to increase production.

Article, the recent increase in REE metal import India meant to enhance India's domestic demand for rare earths. And China's recent cancellation of tungsten, molybdenum export quota restrictions, the market speculation that the rare earth export quota will be relaxed, thereby stimulating India to accelerate the development of rare earth production.

Analysts said that at present, China's rare earth production accounts for more than 90 percent of global output, increase India's rare earth production in other countries to reduce dependence on Chinese rare earth. But the heavy sand mining rare earth global impression of the extent to which rare-earth prices will depend on the final amount of mining, and the current production of the new plant has not yet started, is still difficult to have a big impact on the domestic rare earth market in the short term.


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Recently, the European market has an active rare earth business signs, mainly due to the impact of the Chinese New Year holiday, some traders to raise the offer, traders in stocks of small grounds, take the opportunity to raise prices.

Driven by China's State Reserve news this week, the European dysprosium and terbium prices also rose. According to the traders said, 2N terbium oxide prices go up higher than mid-January. At the same time, a trader said Chinese exporters current offer large range. European prices 2N dysprosium oxide rose last week $ 10 / kg.

As for the other rare earth elements, traders said 2N-3N Erbium prices also strong trend. Glass and ceramics manufacturers from Europe began to send some inquiries for prices. Erbium prices in the $ 44-45 / kg, no change from last week, but again compared to the previous week, compared with an increase of $ 2-3 / kg.

Hong Kong-based trader said the majority of transactions in Europe are mostly intra-European trade, no to new orders under China or Hong Kong traders.

As in March, after the Chinese New Year holiday prices will fall, is still uncertain. Some traders believe the market this year is different, the price will not necessarily decline.

They believe that in May, the interim 15-25% of the resources tax will increase to 22-35% level. This might further push rare-earth prices. There are also some traders believe that Chinese traders will be reluctant to sell stocks or until May higher prices and then sell them.

In addition, the Chinese market is expected to strongly purchasing and storage. A trader said the ranks of terbium, erbium, europium are purchasing and storage. China's State Reserve Bureau of purchasing and storage of 10,000 tons of rare earths last year, but not in the lanthanum and cerium in purchasing and storage range.


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At present, almost no trading of rare earth market, businesses have a holiday or a holiday will begin tomorrow, only a few traders still watching the market or inquiry, according to market sources now, although individual holiday immediately, but after inquiry, individual product prices remain there are changes in the different ups and downs, such as terbium oxide somebody price adjustment from 4 million to 3.95 million / ton, dysprosium prices continue to rise to 175 million or more and so on. But more businesses that do not already offer this week, and so came back to say years later. Downstream magnetic scrap market, but also the basic suspension of work stoppage, there businesses that want to officially start until after the Lantern Festival.


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Rare Earth Company from Germany TRE (Tantalus Rare Earths AG) informed that it has signed supply agreements with three Sheng and resources (600392.SH), Sheng and resources to buy 3000 tons per year of mixed rare earth oxides from which, after the expiration of optional extension of seven years.

A brokerage analyst great wisdom news agency, said the purchase agreement accounted for 50% of the average annual Sheng and annual demand for resources, conducive to the stability of rare earth raw materials. If the purchase price, will be beneficial to Sheng and resources to reduce procurement costs.

Procurement pricing, TRE company said mixed rare earth oxide pricing will present a variety of rare earth oxide prices, as well as independent market quotations decided according to the company.

Sheng and rare earth resources, procurement of raw materials will come from TRE rare earth mine in northern Madagascar, the mine is expected to be put into operation in the second half of 2016 out of the mine. Sheng and resource procurement volume will account for 30% of the annual production capacity of the mine.

TRE company said the mine produced mixed rare earth oxide and resources will be shipped Sheng factories in China for processing, and then sold to the latter's Chinese domestic and international clients.


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