It was reported recently China canceled export quotas for rare earths, Japan Japan-related industry that has gained a new channel, dramatically reducing dependence on Chinese rare earths, so China The impact on Japan's export policy adjustment is not large.

Reported that in 2010 when China began to restrict exports of rare earths, Japan's imports from China account for about eighty percent of the total import volume of rare earth, rare earth prices subsequently rose sharply once, a tremendous impact on related industries. But Japanese companies on the one hand the development of alternative technologies available through other means new sources of rare earths, on the one hand to control the use of rare earth, and therefore the real impact of the Japanese industry suffered quite limited.

Nissan Vice President Toshiyuki Shiga said, "(Nissan) in promoting the development of related technologies, while reducing the use of rare earth, and find the sources of supply outside of China." Toshiba President Hisao Tanaka said, "Now the price has come down somewhat, (China this policy adjustment) has no effect."

Japan's report also quoted experts as saying that the rare earths in the field of electric vehicles, fuel cells, wind power has been widely used, is an indispensable resource, China itself will rise in demand for rare earths in the future, so the supply of rare earths is still possible tense situation.


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"China's rare earth exports to issuing permits." Chinese New Year period to adjust the Commerce Department export license directory, rare earth quota management canceled the news, on the 5th suddenly cause the world's major media attention. China and the West for years of "rare earth war" is considered ended. Reuters said the restrictions were lifted so that Western countries relieved. The media interpreted this as a signal of economic liberalization China released cooperation.

According to the United States, "Wall Street Journal" reported on January 5, China officially canceled the implementation of a decade of rare earth export quota management. This system had limited the export of rare earth resources in this strategy, led to trade disputes worldwide and led to a number of countries had to reduce its dependence on Chinese rare earth supply.

The policy change was mainly due to China's rare earth case previously lost. "Policy change, probably because of pressure from China to withstand WTO ruling," Blue Oak Capital (North Square Blue Oak) analyst Frank? Tang said, "China statement said, as a WTO member, must comply with WTO regulations."

Chinese government officials said, from a macro perspective, China also needs to reduce the impact of economic forces on its exports of rare earths. "The most important factor leading to cancellation of rare earth export quotas China, the Chinese government is gradually emphasize market-oriented." One expert Commerce Department's Economic Research Institute, said the international trade cooperation.

China's rare earth export quota mechanism, once a major event in global trade. In 2010, China drastically reduced the export quotas, an 40% reduction in the previous year, which greatly pushed up the price of rare earth, or once reached 10 times. For the move, then the interpretation of the Chinese side is hoping to rectify the domestic rare earth mining industry and high pollution.

In the face of the move, the Obama administration will be referred to as "a wake-up call." Trade complaints thus ensued. RE has thus become the auto parts, solar panels, as China has become one of its trading partners in recent years caused friction of key projects. In 2012, the United States, European Union, Japan have said that China's use of rare earth export quotas of rare earth supply to push up prices, in violation of the relevant WTO regulations.

However, as countries begin thereafter intends to reduce dependence on Chinese rare earth resources, combined with other exporting countries started to increase the supply of rare earths, China's share of production of rare earths, has been reduced from the previous 93% to around 86% now. In 2012, China rare earth quota restrictions relaxed, and in rare cases after losing the Chinese government officials also say that the continuation of the rare earth quota management days are numbered.

According to the Chinese Ministry of Commerce side said, after the cancellation of rare earth export quotas, China will take management of rare earth export licenses, export contracts related businesses only basis to apply for an export license, without additional approval by the State.

China Rare Earth Industry Association, the person in charge at the time of an interview this week, said that the current authorities are still conducting a study on the specific details of the regulatory system.

Message from the Customs show that the first 11 months of last year, China, the world's second largest economy exported about 24,866 tonnes of rare earth, rare earth export quota of less than 2014 designated 30,611 tonnes limit China's rare earth exports in 2013 of the total, compared with 22,493 tonnes in the year is also lower than the quota of 30,996 tons designated limit.

China's rare earth exports since 2013 started back up, but at the same time, the total global supply of rare earth is still in adequate condition, Customs data show that 11 months of 2014, China's rare earth exports decreased by 33% year on year.


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December 31, 2014, the Ministry of Commerce, General Administration of Customs Announcement No. 94 of 2014, published 2015 catalog of goods export license management, which rely on the export of rare earth export license contract, without providing approval documents. There are 75 rare earth products customs codes, including 53 rare earth compounds, rare class 16, rare earth alloy 3, and rare earth mine in class 3. Where the rare earth compounds and metals Customs Code 69 total, compared with 52 in 2014, an increase of 17 rare earth export license management catalog for further refinement; but rare earth elements holmium, thulium, lutetium class still no customs codes.


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