America's largest rare earth miner MolycorpInc company , due to capacity less than expected sales decline loss widened , operators in trouble, since since October 15 , stock prices plummeted.

October 15 , MolycorpInc announced cash shortages due to the company , plans to sell $ 200 million worth of shares to raise funds to maintain operations , announced the news direct result of the company's stock price plummeted. According to Reporters statistics, October 14 , the company's closing price of 7.1 U.S. dollars / share, Oct. 18 , to close at $ 5.36 / share, the cumulative decline to 25%.

Public information , MolycorpInc was the world 's largest rare earth production enterprises, because of cost and environmental issues early in this century has been discontinued . 2007 due to rare earth prices, part of the company to resume production ; past two years, stimulated by the rare-earth prices have soared to begin large-scale increase production capacity , the end of 2012 production capacity of approximately 19,000 tons .

MolycorpInc the U.S. Securities and Exchange Commission said in a report , because California Mountain Pass (MountainPass) rare earth mine production failed to meet expectations within the planned time , resulting in the company's rare earth production was lower than expected , which the company in the first three quarters of revenue and cash flow caused damage .

It is understood , MolycorpInc its Mountain Pass rare earth mine in California is second only to our Baotou Bayan Obo rare earth mine in the world's second largest mine . The mine ore reserves of 50 million tons to maintain rare earth an average grade of up to 8 % to 9% , with a total resource of 4.3 million tons of rare earth oxides . In addition , MolycorpInc financial information, in 2012 the company a net loss of $ 360 million , net profit for the third quarter 2013 loss of $ 71 million .

In this regard , the rare earth industry analyst Du Shuai Bing that , MolycorpInc addition to its sales decline , but also in the impact of domestic rare earth distress of the company one of the reasons .

It is understood that , in fact , due to cost advantages, China Rare Earth [ -0.82 % ] corporate Despite the sharp drop in performance , but the overseas export volume is still growing .

Hohhot Customs released data show that three quarters of 2013, exports of rare earth 3850.9 tons Inner Mongolia Autonomous Region , a 62% increase over last year , of which 50% are exported to the United States .

Orient Securities analyst Zhang Xinping is expected , MolycorpInc rare earth mining operations or unsustainable. Its said that different from the past , MolycorpInc latest mid-year report does not update the company 's production capacity of 40,000 tons of rare earth production time , it just means that the price will depend on the specific needs and conditions, return on capital expenditure and final decisions , MolycorpInc on rare earth business the outlook is expected to be reduced.

Zhang Xinping also noted that the current surplus of light rare earth upstream , downstream demand and other factors sluggish rebound in the price of rare earth , rare earth business long if MolycorpInc in a loss position , the business or unsustainable.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

As a high-end rare earth permanent magnet materials , NdFeB product quality testing problems have long plagued the rare earth industry . To solve this problem , Beijing collar state apparatus to develop new detection equipment to solve the problem.

Application of this new technology led state , not only in appearance defect detection to achieve a technological breakthrough, but also the size of the workpiece high standards of data detection accuracy up to 10μm or less, even more importantly, this technology to achieve the thickness of the workpiece within the effective range of the rapid test . More three-dimensional integrated comprehensive testing , which is in the rare earth industry is also a breakthrough.

Although it is rare earth production and testing equipment updates , but companies take the high road approach is worth the industry reference. China's rare earth resources development and utilization history for over 50 years , has a resource reserves, production , sales and exports of the world " four first ." Although China's rare earth ore mining technology can be said to be first class, separation technology is first class , but the terminal application products, but almost all of the core technology rests in the hands of foreigners .

China's production of rare earth products are mainly concentrated in the permanent magnetic materials, luminescent materials , hydrogen storage materials and polishing powder in the low-end products , the domestic use of high-end products are mostly imported. This creates a great contrast . For example, a dollar of rare earth materials , domestic enterprises after roughing up selling 10 yuan , 20 yuan , to the U.S. and European companies to make products , our country will spend 1,000 yuan to buy it back.

This situation must be changed . Of course , to do this, we must quickly adjust the structure , transfer mode, promote industrial upgrading , development and production of high value-added , high-margin new functional materials . In recent years, there have been foreign rare earth permanent magnet alternative technologies , rare earth reduction technologies , reuse of rare earth polishing powder polishing process technology and cerium oxide polishing powder alternative processes .

In a crisis , when the rare earth industry , take the high road is the rare earth industry in the development of ballast stone. China has a complete industrial system , chemical, automotive , lighting and other industries need to use rare earth new materials , if you only rely on foreign imports , will make the material cost is higher, is not conducive to the development of these industries . In China, if an enterprise can produce such products can not only improve the competitiveness of enterprises , can increase product added value.

In other words, lower prices of rare earth enterprises sell their products , not as focused on the development of new technologies , on the rare earth deep processing , so that their products abroad sell a good price . As a high-end rare earth permanent magnet materials , NdFeB product quality testing problems have long plagued the rare earth industry . To solve this problem , Beijing collar state apparatus to develop new detection equipment to solve the problem.

Application of this new technology led state , not only in appearance defect detection to achieve a technological breakthrough, but also the size of the workpiece high standards of data detection accuracy up to 10μm or less, even more importantly, this technology to achieve the thickness of the workpiece within the effective range of the rapid test . More three-dimensional integrated comprehensive testing , which is in the rare earth industry is also a breakthrough.

Although it is rare earth production and testing equipment updates , but companies take the high road approach is worth the industry reference. China's rare earth resources development and utilization history for over 50 years , has a resource reserves, production , sales and exports of the world " four first ." Although China's rare earth ore mining technology can be said to be first class, separation technology is first class , but the terminal application products, but almost all of the core technology rests in the hands of foreigners .

China's production of rare earth products are mainly concentrated in the permanent magnetic materials, luminescent materials , hydrogen storage materials and polishing powder in the low-end products , the domestic use of high-end products are mostly imported. This creates a great contrast . For example, a dollar of rare earth materials , domestic enterprises after roughing up selling 10 yuan , 20 yuan , to the U.S. and European companies to make products , our country will spend 1,000 yuan to buy it back.

This situation must be changed . Of course , to do this, we must quickly adjust the structure , transfer mode, promote industrial upgrading , development and production of high value-added , high-margin new functional materials . In recent years, there have been foreign rare earth permanent magnet alternative technologies , rare earth reduction technologies , reuse of rare earth polishing powder polishing process technology and cerium oxide polishing powder alternative processes .

In a crisis , when the rare earth industry , take the high road is the rare earth industry in the development of ballast stone. China has a complete industrial system , chemical, automotive , lighting and other industries need to use rare earth new materials , if you only rely on foreign imports , will make the material cost is higher, is not conducive to the development of these industries . In China, if an enterprise can produce such products can not only improve the competitiveness of enterprises , can increase product added value.

In other words, lower prices of rare earth enterprises sell their products , not as focused on the development of new technologies , on the rare earth deep processing , so that their products abroad sell a good price .


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

It is learned that , at present, the Baotou Rare Earth Products Exchange has been completed decoration and equipment installation work , a staff recruitment is also ready and start simulation platform operating personnel training business . Exchange recently launched marketing efforts , and invited the relevant rare earth enterprises to attend the simulated trading contest . The platform will be held in late October, rare earth physical trading trial operation.

It is understood , of rare earth products Exchange was founded in August 2012 by the Baotou Rare Earth ( 600,111 ) , the State Reserve material adjustment center , Inner Mongolia tech holding the steel trade 11 companies formed a joint venture . The exchange aims to build the first domestic rare earth industry, the electronic trading platform , fundamental break from the long form of price competition chaos rare earth enterprises , laying Baotou rare earth industry in the country and world dominance .


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

It showed last week ( 10.13-10.19 days ) rare earth market transactions deserted, most offer steady LREE and HREE dysprosium the 17th offer slightly lower 2.5% ; light rare earth neodymium oxide, praseodymium slightly down 0.4% on the 18th .

Analysts said that as the purchasing and storage policy has not yet been out , some suppliers continue to reduce offer, but turnover is still deserted. And on earth when purchasing and storage formally introduced , yet no definite news .

Related brokerage earth still optimistic outlook , GF Securities research reported on the 13th , "rare earth Shouchu final size may greatly exceed market expectations, and is expected to integrate a large group will be officially launched in the near future , in addition to rare earths smuggling and also has entered a" mutual investigation "stage, the supply side will show substantial tightening , or rare earth prices will stimulate a new round of increases. "


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn