Greenland Parliament a vote narrowly passed a resolution , China and Australia decided to open part of the mining sector under the Self-Governing Territories , for mining purposes.

According to reports, Greenland implemented a decades-long ban on mining of radioactive material . October 24 , Greenland Parliament by 15 votes to 14 votes resulted in the adoption of a resolution to make the ban to end. Provisions of the resolution , Greenland uranium and rare earth ore and other mineral resources to China and Australia investors.


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Recently, as the state purchasing and storage plan is still yet to be finalized , the industry began to lack of confidence , coupled with the end of the , loan repayment , electricity, switch to multiple factors such as storage , rare earth by last month 's reluctant to sell , to active sales , prices fell markedly , the current trading price of praseodymium neodymium metal of 430,000 from the week before , fell to 420,000 , europium oxide dropped from the current 4900 yuan 4600 yuan per kg per kg , the trading price of terbium oxide was 4300 yuan per kilogram , but the volume little downstream procurement will is not strong , especially foreign trade , there are responsible for the export trade of the sales staff said: At present foreign trade is very bad to do , we are mainly mutual pressure prices, customers go first to one and then say how much XX home to Are you going to give much ...... "

Faced with this situation , a large rare earth enterprises procurement staff, said: Currently the bad economic situation , it is difficult to rare immune constrained by the cost of production of rare earth , rare earth prices theoretically decrease in the not too large, so this case, market participants better state of mind . correct view of the market , do not be too pessimistic .

For the WTO's preliminary ruling , the industry reacted coolly , mostly expressed as early as expected , the world needs is not Chinese rare earth, but cheap Chinese rare earth, as long as the Chinese control the private mining , adhere to combat black chain , cheap Chinese rare earth will cease to exist .


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Recently, some media reported that in the U.S., EU and Japan jointly sued China " undue restrictions on exports of rare earths " issue , WTO dispute mechanism summary of the " Interim Report of the United States and Europe generally considered reasonable demands ." Report and pointed out: " In late November will introduce the final report is not expected to overturn the judgment, United States and Europe may favor on this issue . "

If the United States and Europe on this issue in favor of the Chinese export quotas will have to make concessions on the issue , and thus the earth tariffs, quotas fully liberalized , rare earth prices is likely to return to this "cabbage price ." Insiders told the South are reporters said , the results with China 's rare earth industry is currently undergoing consolidation, as well as China 's resource strategy is contrary . Therefore, the Chinese government is bound to appeal on this issue , the game is likely to be the result of both sides to compromise .

United States and Europe to support the preliminary WTO

"The Middle East has oil , China has rare earths " , China was once rare to meet 90% of global market demand. Therefore, the Chinese government restrictions on the export of rare earth quotas , United States and Europe will naturally developed economies uneasy. Last June 27 , Japan, the U.S., the EU tripartite prosecution to the WTO dispute settlement body , said China's rare earth exists " undue restrictions on exports of rare earths " issue, contrary to the original Chinese WTO accession commitments. According to WTO accession agreement , China exported products should be abolished for all taxes , unless expressly provided . Annex lists 84 kinds of products specified rate . Wherein the rate of about 10% of rare earth . This should be the duty of the highest standards for collecting rare , but exceptions .

After more than a year of investigation proceedings , WTO upcoming processing results . Last weekend, Japan's " Sankei Shimbun" said , WTO Dispute Settlement Body 's interim report summarizes the general finds reasonable demands of United States and Europe . Plans to publish the final report of the year .

Prior to 2009 , the U.S. and the EU to the WTO , accusing China 's bauxite , coke, fluorspar , magnesium, manganese , silicon metal , silicon carbide, yellow phosphorus and zinc and other 9 kinds of raw materials to export quotas and export tariffs, price and a number of control . January 30, 2012 , WTO ruling : China implemented a variety of industrial raw materials export taxes and quotas violated WTO rules and dismissed the Chinese environmental protection or supply shortages based on the preliminary ruling request an appeal .

The rare earth trade disputes with previous years is exactly the same raw material trade dispute , therefore , widespread fear in the rare earth industry issues , WTO 's final results will remain unfavorable to China .

LREE or bear the brunt

If the final result of the WTO's final ruling , as expected , then the accelerating integration of China Rare Earth industry, will undoubtedly be a negative. And because the light rare earth reserves in the world are rich , they are likely to bear the brunt ushered in a wave of price cuts , and even back when the " cabbage price ."

China's rare earth export quota policy was adopted , rare earth prices briefly soared. But by the impact of weak demand side , since 2012 , and from the high rare earth prices fell sharply . Until this year, in July , because the Chinese rare earth industry consolidation efforts to further increase the price of rare earth before bottoming out , there signs of warming . If China loses in this litigation , China will likely open in the rare earth policy control , which means that the price war is likely to once again dominate the market. "heavy rare earths is China's advantage, and LREE are widely distributed in the world . Therefore, once the market liberalization , light rare earth prices are likely to be hit . " Saddle Ridge Information rare earth industry researcher Hu Bing told reporters the South .

However, there are people in the industry do not agree with this view . Jiangxi Ganzhou a large rare earth company General Manager's Office official told reporters the South, mainly in northern light rare earths , Baotou Steel Rare Earth almost form monopolies , the market order is relatively good ; heavy rare earths are mainly distributed in the south , a number of companies to form separatist trend, and there are a large number of small and medium enterprises . "If the South of rare earth industry consolidation ineffective , fragmented situation will make the price confusion , therefore , once the market liberalization variable heavy rare earth prices are likely to be greater. "

The game will continue

WTO preliminary ruling unfavorable to China , at the end of the final ruling is also likely with the preliminary similar. In this regard, China is naturally not sit idly by . Xiamen University, China Energy Economic Research Center Lin Boqiang told reporters the South , if the result is negative, the Chinese government and relevant industry organizations will certainly appeal .

According to WTO rules , WTO principle, requires the elimination of export restrictions, but provides for two exemptions : "To protect people , animal or plant life or health measures necessary " and " protection of exhaustible natural resources measures if such measures with restrictions on domestic production or consumption with the implementation . "

Since 2011 , the Ministry of Commerce and the Ministry stressed on many occasions , after China 's rare earth mining is extensive , not only caused a great waste of rare earth resources , but also to the enormous destruction of environmental resources . Adopt quotas for rare earths , and make industry consolidation , the purpose is to protect resources and the environment and achieve sustainable development , in line with WTO rules . The Chinese government has no intention of trade-distorting way to protect domestic industries .

Lin Boqiang said the two sides of the game will certainly continue , but in the long run, certainly rare earth quotas will still continue to suffer criticism. Therefore , this event is expected to generate Forced mechanism , promote the domestic rare earth industry consolidation , the gradual formation of large rare earth group , and then let these industry giants to compete globally .


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Minmetals Rare Tuesday in the panoramic interactive web platform , said the company has not yet received the relevant information related to state purchasing and storage plan , it is difficult to determine whether the state purchasing and storage plan would have a greater impact on company operations .

According to media reports , the state purchasing and storage of rare earth scheduled October opening , the entire purchasing and storage tray will reach ten billion yuan , and mainly in the heavy rare earths. In this regard, there are investors in an interactive platform to the company asking if participation in national purchasing and storage , will have a greater impact on its operations during the year .


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