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China Rare Earth Export Jumps 31% in August

Details: Category: Rare Earth News; Published on Thursday, 11 September 2014 16:30; Written by jwy; Hits: 1524

Chinese companies exported 2,353 tonnes of rare earths last month, nearly 31 percent more than the previous month, new customs data showed on Sep.8th.

China's rare earth exports fell to 1,556 tonnes in June, the lowest level of this year, according to the General Administration of Customs (GAC).

For the first eight months, exports rose 35 percent year-on-year to 18,252 tonnes. In value terms, however, exports contracted 7.9 percent from a year earlier to 261.6 million U.S. dollars owing to falling prices.

Export till the end of last month was nearly 60 percent of the full-year quota of 30,610 tonnes, shared by 28 production and circulation enterprises.

Rare earths, a class of 17 mineral elements, are some of the most sought after metals due to their vital role in green technologies like wind turbines and car batteries as well as in military sectors.

With its rare earth reserves accounting for 23 percent of the global total, China supplies over 90 percent of the world's market demand at the cost of much pollution.

To curb environmental degradation and protect resources, China has set output ceilings, export quotas and stricter emissions standards as well as high resource taxes for some ores.

In the previous two years, companies had failed to use their full annual export quotas.

In 2013, China exported 22,493 tonnes of rare earths, up 38.3 percent from 2012. But it was well below the full-year export quota of 31,001 tonnes. In 2012, exports at 16,265 tonnes, just over the half of the full-year quota.

Early last month, the World Trade Organization ruled that China's export duties, quotas, and administration of rare earths, tungsten and molybdenum products were inconsistent with WTO rules and China's Accession Protocol.

In March 2012, the European Union, Japan and the United States teamed up to bring a joint case to the WTO over China's measures on exports of rare earths, tungsten and molybdenum.

They claimed that the restriction had limited other countries' access to the minerals, given China a competitive advantage and hurt other producers and consumers.

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Ministry will introduce policies focus on supporting new materials such as rare earth

Details: Category: Rare Earth News; Published on Wednesday, 10 September 2014 16:41; Written by HJF; Hits: 2240

According to reports, authorities from approaching the Ministry was informed, carbon fiber, rare earths, refractory metal materials, is expected to become the new material supported by the state, the future of the Ministry will provide key support research supporting policies.

According to the reporter, at present the Ministry is speeding up the pace of major projects, feasibility studies, study the establishment of new materials risk compensation mechanism, improve taxation, finance, insurance and other comprehensive support policy, the formation of policy together to jointly promote the development of new materials industries. According to the plan, the Ministry of Industry and strive through about a decade of efforts to accelerate including new material industry, including key development areas, to promote China as a whole has entered the ranks of the world's manufacturing powerhouse.

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Japan and India will jointly develop rare earth to get rid of dependence on China

Details: Category: Rare Earth News; Published on Tuesday, 09 September 2014 17:40; Written by HJF; Hits: 2488

According to the Nihon Keizai Shimbun reported Thursday, Japan and India next week will reach a plan to jointly develop rare earth, which will begin in Japan since 2015 imports of rare earths from India. Currently, Japan is trying to get rid of dependence on Chinese rare earths.

Reported that Japanese Prime Minister Shinzo Abe and Indian Prime Minister Modi, next week will reach a common production plan at the Tokyo summit. Reported unspecified sources.

Reported that a wholly owned subsidiary of India's Department of Atomic Energy - India signed a joint production of rare earths will be the first agreement with Toyota Tsusho Corporation in September.

According to the report, the Indian company from uranium and thorium ore production of mixed rare earth materials, the use of Toyota Tsusho production of electric and hybrid vehicles required for rare earth materials neodymium, lanthanum, cerium and praseodymium and other rare earth materials.

The report also said, the annual output of between 2,000-2,300 tonnes, representing approximately 15% of demand in Japan, the first since the beginning of February next year, exports to Japan annually about 2,000 tons.

Toyota Tsusho's spokesman said the company is checking this story.

Chinese rare earth production accounts for 90% of the world. Despite Japan's attempts to diversify sources of supply, but the current production of electronics, magnets and clean technology are still needed vast majority of rare earth from China.

This month China at the World Trade Organization (WTO) case of rare earth export restrictions in losing, was instructed to cancel strict rare earth export quotas. The case was brought by the United States, the European Union and Japan.

India hopes among Japan's Prime Minister Modi's visit to get support for a nuclear agreement and its huge market to attract investment.

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Rare Earth Metals Extraction from the Sea Floor Gets Easier

Details: Category: Rare Earth News; Published on Wednesday, 10 September 2014 15:26; Written by jwy; Hits: 2343

Economists and geologists have already warned that the world may be running out of crucial and critical earth metals required for manufacture of different substances. The demand for these metals has exceeded supply and this could drive the prices up. This is expected to increase the costs associated with obtaining the existing rare metals. However, a group of geochemists has discovered an easy way to extract the deposits of the metals that are still under the sea.

An article was published recently in the journal of applied geochemistry, and according to the scientists, the rare earth metals can be extracted from the solid iron and manganese nodes that are strewn across the vast and deep ocean floor. These nodes, referred to as ferromanganese deposits, establish themselves gradually over time as liquefied iron and manganese in seawater appends to the seafloor sediments.

The team of geochemists have developed a solvent known as desferrioxamine-B as the key element of the method that they intent to use for extraction. This diluter or solvent attaches better to some metals than others. Therefore, when smothered to ferromanganese nodes, it can extract the rare earth metals effectively and efficiently and leave the other metals stuck in the nodules. The experts claim that this method has allowed them to extract about 80% of four rare earth metals by refinement of their ore-leaching method from the ferromanganese nodules.

These findings are expected to prompt miners to obtain licenses to begin exploration and extraction at the seabed in search of the materials that are vital for portable electronics as well as hybrid vehicle batteries. The United Nations’ International Seabed Authority has given out 30 exploration permits since 2001 to allow exploration in the mid-Atlantic, the Pacific and Indian Oceans. The same authority hints to the fact that it has noticed a rush by explorers of late to obtain permits and it is ready to issue about seven more permits.

The UN has not been left behind as the research team gives hope for the deep-sea mining. In 2013, the UN issued an update showing its plan for instituting a regulatory framework for the mining. According to the update, private companies will be permitted access to oil, gas and mineral extraction licenses beginning 2016. Rare metals are rare to find because of their widespread dispersion within the Earth’s crust and are not easily found in adequate deposits like other minerals. This means that if an easier ad alternative mining can be established, they metals would not be so rare after all.

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Japan to promote the rare earth supply security schemes to reduce dependence on China Rare Earth

Details: Category: Rare Earth News; Published on Friday, 05 September 2014 16:10; Written by HJF; Hits: 2090

It is reported that Japan is promoting a rare earth supply security plan, hope that within four years, at least 60 percent of domestic demand rely on rare earth supply outside China. Rare is an important raw material production of smart phones, computers and cars, the Japanese want to reduce dependence on rare earth supply China's largest producer.

Japan hopes the first of this month signed an agreement to purchase four light rare earths from India; also as a rare earth mine in Australia and the Australian Lynas plant in Malaysia established to provide the financing.

Japan plans to protect the rare earth supply also created a joint venture in Kazakhstan, recycling batteries and engine rare earth magnet, even in the Pacific seabed exploration of rare earth resources.

And India agreement will be able to meet 15% of demand in Japan. According to the Japanese demand and growth data provided a rare trader estimates, according to the agreement if Lynas can increase production to 2018 Japan is expected to meet the needs of more than 60% of rare earths by China outside.

China's rare earth production currently accounts for about 90 percent of global production. Japanese purchases of rare earth almost all directly or indirectly from China.

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