According to reports, Indian Prime Minister Modi convey important information to enhance India-China relations in the recent visit to China. On the other hand, India and Japan strategic cooperation in the production of rare earths will be launched to counter China's leadership in this field. Indian Rare Earth Company and Japan's Toyota Group, Toyota Tsusho Corporation has finalized an agreement to jointly deal with the mixed rare earth chloride.

It reported that the agreement laid the India-Japan partnership is the first step towards commercialization. India since the cause of the lack of competitiveness in 2004 and discontinued earth, the agreement marks the first time in 10 years, India's re-entry into the field of rare earth production. Officials said that India-Japan cooperation agreement between the two countries adhere to promote RE in response to China's rare earth supply uncertainty.


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From May 1, 2015, the rare earths, tungsten, molybdenum resource tax amount levied by the change from ad valorem, and in accordance with the principle of no increase in the corporate tax rate be reasonably determined. Today, the past two weeks, reflecting the industry's point of view, the affected market supply and demand, the effect of the current tax reform has not been fully released, enterprises are facing the pressure is still large.

Rare earth resources tax to push the guide price

The tax reform is the second after January 1 rare earth export quotas, export duties and rare cancellation policy while another heavy news started. Tax reform policy announced 10 working days, Ganzhou Rare Earth Industry Association officially on May 11 will guide ionic rare earth ore price increases of 10,000 yuan / ton, 17-19 yuan / ton.

For changes in costs, assistant general manager of the rare earth industry group Guangdong Province Hu Xun Chang calculations: "In the south of mixed rare earth price of 120,000 yuan / ton, for example, the resource tax reform before tax 22,500 yuan / ton, plus mineral compensation (120,000 yuan / ton * 0.04 = 4800 yuan / ton), a total of 27,300 yuan / ton after the tax reform, the first mineral compensation canceled, actual resource tax of 120,000 yuan / ton * 0.27 = 32,400 yuan / increase in tons better when the market price once the rise, resource tax rate will actually paid proportionally, the cost will certainly be higher than the market downturn when. "

How has signed a contract for the implementation of tax reform policies of rare earth products, the Deputy Secretary-General Chen Zhanheng China Rare Earth Industry Association, said: "In accordance with this resource tax adjustment document, has signed the contract is not part of the implementation of the required resources to pursue the new tax, this Before taxes are calculated according to the new standard rate of VAT calculation. "

The market turnover is still under pressure

Ganzhou rare earth separating a responsible person said, dysprosium current price of 161-162 yuan / ton, but in fact the purchase cost of 170 yuan / ton or more, downstream from the oxide material are basically at a loss.

This cost price inversion condition leads the market traded flat, Deputy Secretary-General Chen Zhanheng China Rare Earth Industry Association, said: "The current market is a buyer's market of rare earth enterprises to inventory pressure is relatively large, but many companies have been losing money, the transaction situation is more stalemate. "

The future is expected to stabilize rare earth prices rise

For the current production of rare earth enterprises operating conditions, some of Ganzhou rare earth separating enterprises responsible person said, has been a part of the downstream business was discontinued, there are some enterprises in preparing product transformation. Indeed, through the 2011 prices rose after a sharp expansion of production capacity, significantly more than the market demands, the market needs to go through a brutal phase-out period to recover gradually achieve a balance.

In reference to the reaction of rare earth downstream tax reform, Chen Zhanheng said the price reflects the impact of changes in the cost of rare earth resource tax reform will NdFeB production enterprises enterprise required praseodymium, neodymium, terbium, dysprosium and other varieties, the implementation of new resources tax, no increase of prices of these products, but there is a slight downward.

According 陈占恒 introduced after the abolition of tariffs, should be canceled before export prices are decreased, and keep pace with domestic prices. After the implementation of the new resource tax, the domestic rare earth market, but the recent price decline, it is still rare excess capacity, due to lack of downstream demand. After the fight with the effective implementation of the illegal exploitation of and total control program, a large group of deepening integration, the rare earth companies destocking is complete, it is expected to stabilize rare earth prices rise.


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The current trend to stabilize rare earth market dominated most products, such as praseodymium and neodymium mixed metal oxide, praseodymium, neodymium oxide single multi no significant fluctuations in market prices, dysprosium, gadolinium individual businesses offer products on the market a slight adjustment, but also on the whole are also on low-cost, businesses wait and see the market or offer to maintain last week's levels, not the whole action.

Currently gadolinium products low steady, adjust the basic 1,000 yuan / ton, the current gadolinium iron there is a business case based on their volume slightly rose to 92,000 yuan offer / ton, last week the price of 91,000 yuan / ton, Currently on the market price is more stable gadolinium oxide at about 80,000 yuan / ton.

Currently dysprosium products market, with some businesses understand by now dysprosium is still concentrated in 160 yuan / ton, about 1.65 million dysprosium-iron with a ticket / ton, but there is the case of individual businesses offer slightly raised, if businesses oxide dysprosium increased from 1.62 million to 1.65 million, from 1.67 million offer dysprosium iron raised to 1.7 million yuan / ton, but the actual turnover of the overall market situation temporarily improved obvious, dysprosium iron there are no votes in the business offer of about 1.45 million yuan / ton , less than last week's 1.47 million.


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Currently there are stable rare earth market have lower prices low for the main businesses that resource tax changes on the market did not play much of a positive impact, not least the price improvement. The Ministry of Land today published on the website of the 2015 total rare earth mining control targets, compared with last year, the total amount and the severity of the distribution ratio of rare earth has not changed.

Lanthanum, cerium oxides market, the current low prices steady, some businesses offer little decrease slightly, as 4N lanthanum oxide, it is currently a business offer at 13,000 yuan / ton, down slightly relative to the previous price of 500 yuan / ton. There cerium oxide magnitude of price adjustment are less than 500 / ton, according to 3N Ganzhou area businesses offer 11,000 yuan with votes cerium oxide / ton.

Praseodymium neodymium products low steady little decrease slightly high, it is currently Ganzhou suppliers say praseodymium neodymium metal price is only 375,000 yuan / ton, with no votes fell to 322,000 yuan / ton. Neodymium oxide, praseodymium prices temporarily concentrated in the current tax 290,000 yuan / ton, low steady, temporarily overly optimistic market outlook, expected short-term price fluctuation is still low.

Other markets such as dysprosium oxide, europium, terbium, and other products turnover is not good, prices low, businesses do not want to lose money shipping watching the market, there are businesses continue to put forward, such as terbium oxide, there are business reflects the price of only 3,500 yuan / kg , dilute Association recently terbia offer also only around 3600-3700 yuan / kg, without the transaction support, investors or continue to decline slightly.


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