Ministry of Industry recently released "Letter on the fight against organized illegal acts rare special action" clearly, since October 10, 2014 to March 31, 2015 to carry out special operations to combat rare nationwide illegal behavior. Action will be divided into three phases: October 10 to November 25 for self-examination stage, November 26 to January 31, 2015 for the rectification stage in 2015, February 1 to March 31 for acceptance summary stage. This action will jointly investigate rare earth mining, production, illegal exploitation of distribution companies, the sale of illegal minerals processing, tax evasion charges, billing and other illegal products off-site behavior, we should focus on priority areas investigated 2- rare earth based on invoices and reports and other clues three typical cases.

Round action to combat illegal rare earth lasted nearly six months, compared with 2013 to double the duration of the special action, and a clear plan of corrective action period, and extended the acceptance period summed up to two months. Verification mining, production, circulation, based on a clear round action included in the scope of verification will be exported, required by the production chain, verifiable sources of rare earth export their products until the mineral source.

The action is focused on the recovery of a major highlight of the mining of rare earth enterprises fully paid VAT, tax and mineral resources compensation fees, sewage fees, taxes and fees. This initiative is expected to resolve the long-standing problem of illegal illegal production of low-cost; another highlight of this action is to establish a rare earth production and business files, provide the basis for the daily management of the future of the industry.

Analysts pointed out that, according to the multi-party statistics, illegal mining Daowa accounted for more than 22.7% of the world's total supply of rare earths, is the direct cause of the proliferation of supply. If this illegal action to combat rare achieved good results, will significantly shrink the supply and repair of great supply and demand, thereby supporting the long-term upward price. Since 2014 RE prices tumbled, has been in the bottom position, the end of this time point action combined with the rare earth consumption season, it is expected that the recent rare earth prices are expected to bottom out, after the end of action is expected to occur rare earth prices rose significantly.

 

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Beijing on October 21 morning news, according to reports, a former adviser to the United States Department of Defense said, in view of the rare earth resource utilization efficiency and improve the user to explore alternative sources, China may be difficult to maintain control over the global rare earths market.

2010, Chinese restrictions on rare earth supply and exports, leading to soaring prices of rare earth, rare earth mining company's share price rose sharply.

In many advanced technologies, lanthanum, dysprosium and other rare earth elements play an indispensable role. As of 2010, China controls 97 percent of global rare earth supplies.

However, since that time, rare earth prices began to decline, while the American company Molycorp, Australia Lynas Corporation shares also will decline.

University of Texas economist Eugene Hodes had during the 2010 to 2012 worked at the United States Department of Defense to study rare problem. He pointed out in a report, leading to more investment in rare earth prices higher than Chinese manufacturers in other countries harvest.

Molycorp has restarted California rare earth production, while Lynas Corporation in helping the Government of Japan, setting up factories in Malaysia.

Less than the main suppliers in China and other light rare earth lanthanum and praseodymium, dysprosium and europium and other heavy rare earths supply. However, China's export restrictions so that is not entirely valid, some small producers can still rare earth exports to other countries.

In addition, other countries also enhance the ability to handle rare. Rhodia has available from Molycorp and Lynas Corporation's supply of heavy rare earth ore extracted. If cost-effective, then the production of heavy rare earths Africa and China may increase.

In addition, the customer is still rare to find ways to reduce demand. For example, electric vehicles require a large amount of Dy as an additive to the art of the magnet, but can be significantly reduced in other areas, the use of dysprosium.

Currently, a joint venture by Hitachi Mitsubishi, Daido Steel (Daido Steel) and Molycorp tripartite joint venture is to create a low-dysprosium magnet factory.

Commercial areas can reduce the use of rare earth to make room for strategic purposes. Eugene • Hodes said the situation in the past several years indicates that the user is no need to panic.

He said: "The government's concerns about the industry as an opportunity to make money." Due to the global supply of rare earth nervousness subsided, rare earth prices have also suffered setbacks. With lanthanum oxide, for example, the price from 2011 all the way down to $ 16.26 per kilogram in 2014 low of $ 3.24 in the second quarter.

2012, Molycorp company reported losses of $ 450 million, and in 2013 suffered another $ 386 million in losses. However, if China is trying to tighten export volume of rare earth again, rare earth producers will inevitably gains decent profit.

 

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Since China says 40 percent of the market are from the illegal supply of rare earth rare earth mining since the rare earth industry personnel abroad are very worried, especially knowing that China will have to take action against this 40% after the illegal exploitation, to Australia RE expert Dudley Kingsnorth said: in 2020, consumption of rare earth permanent magnet industry accounted for 30% overall rare earth production, but at that time the world's supply of rare earths comes from China 70%, his question is: "If China put all the illegal exploitation of rare earths have hit out, then the Chinese how to make up for the lack of these illegal rare earth supply shortage arising? "Dudley Kingsnort references views China's rare earth industry experts said that although foreign companies and molybdenum Carolina has two rare earth enterprises However, China still accounted for in the world's supply of rare earth dominance, although there have been price crisis in 2010, China's rare earth supply by 2013 accounted for 95% of the world, fell to 2014 accounted for 90% of the world, but foreign rare earth supply crisis far from being resolved.

High-performance rare earth permanent magnet is currently the most important consumer market, but also the next five years, the most important consumer market

Rare-earth elements of neodymium, dysprosium, terbium, and praseodymium is used as an important element of the magnetic field important technology such as wind power, the use of the electric vehicle in the world.

China is not only an important supplier of these elements, while also providing permanent magnetic materials for companies such as Siemens and General Electric.

"China is rapidly reducing the illegal mining. Chinese government certainly does not like any undocumented mining activity takes place, because the illegal exploitation will generate a lot of waste, damage to the environment, while the impact of a large-scale mining companies as well as under the Chinese legal carefully selected and cultured RE generation international supplier interests.

China will have its own way outside the grounds of illegal mining of rare earth industry's dependence on the illicit origin may be ended prematurely or significantly reduced many. This begs the question of foreign trade are most concerned about: "Due to a lack of investment in the new global resources, once China's illegal rare earths to be eliminated, how to deal with the shortage of international buyers of rare earth supply?

 

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According to 2014 consolidated appropriations bill, the U.S. Congress requires its Department of Energy (doe) to carry out "from coal and coal byproduct streams (such as fly ash, coal gangue and waste water) in the economic recovery of rare earth elements," the feasibility assessment and analysis, while report its findings, if it is determined feasible, the planning recovered from years of research and development programs of rare earth elements in coal and coal byproduct stream to obtain congressional funding.

In response, doe sent a request for information (rfi) before, its purpose is to find technical information about the recycling of rare earth elements from coal and coal by-products of the most promising. Candidate must be a high-performance technology, economically viable and environmentally friendly, suitable for large-scale testing or current current development stage, is expected to carry out a large-scale test in 2020 to 2025 to carry out the deployment.

doe had previously invested $ 120 million was established association of key materials laboratory, trying to seek to reduce dependence on Chinese rare earths, comprising: increasing domestic rare earth production; study of rare earth substitute materials; encourage reuse and recycling of rare earth, rare earth products are usually not included and then discarded after use.

China accounted for 36 percent of global rare earth reserves, but supplies 95% of global production. Previously, the EU also hopes more rare earth metals and precious metal recovery from waste electronic and electrical products.

 

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