China Rare Earth urgently to "high" to go

From 71.1% to 23 %, reflecting not only the domestic rare earth production industry chaos and disorder , it is rare rear chain lacking.

November 4 , Ganzhou Rare Earth Mining Co., Ltd. integrated rare earth mine ( a ) the project EIA report for the Ministry of Environmental Protection approved . This means discontinued two years Ganzhou Rare Earth Mining is expected to re- mined.

Ganzhou Rare Earth integration behind means that the state following the action before the special system , once again increased the remediation efforts for the rare earth industry .

China 's rare earth reserves have accounted for 71.1% of the world , but in 2012 the State Council Information Office published "China's rare earth conditions and policy," White Paper , China's rare earth reserves accounted for approximately 23% of the world's total reserves .

From 71.1% to 23 %, reflecting not only the domestic rare earth production industry chaos and disorder , also has a rare earth backend chain lacking. How to make rare earth separation and the healthy development of downstream industries , is still a thought-provoking questions .

Management control

In 1998, the Chinese government began to implement rare earth export quota license system, and the inclusion of rare earth materials processing trade ban catalog . In 2006, China implemented the total rare earth mining control and management . In 2008, the state promulgated the "National Mineral Resource Planning ", on the rare earth and other specified minerals of which protective mining implementation planning control to limit exploitation, strict access and utilization .

But a series of policies, still can not stop domestic rare earth production industry confusion. Data show that the annual export and smuggling of rare earth disguised about 20,000 ~ 30,000 tons . According to the Ministry of Industry and the relevant responsible person, foreign customs statistics, in 2011 the amount of rare earth imports from China over the Chinese customs statistics, exports up 1.2 times.

Baotou Rare Earth materials in a responsible person briefed reporters , a large number of undocumented , low-cost rare earth products flooding the market , disrupting normal trading order rare earth market , seriously affecting the survival of informal enterprises , even a threat to the safety of the rare earth industry .

Why is it so rare earth industry mess ? Chinese Rare Earth Industry Association, an unnamed expert to introduce the key lies in the lax management of rare earth mineral development , " for example, why the farmer can easily mined ? Why some officials are also involved in mining ? Ultimately , the relevant whether the law department management is the key producer of rare earth . "

China Rare Earth Industry Association Deputy Secretary-General Chen Zhanheng stressed to reporters , the illegal exploitation of rare earth industry for many years , production, exports there has been a chain of black interests .

Overcapacity

Due to loss of control caused by rare earth industry overcapacity , has a profound impact on the downstream industry .

Chenzhan Heng said that the current separation of rare earth enterprises nationwide capacity up to 30 million tons, while the market demand is only 120,000 to 15 million tons , of which about 30,000 international market demand to 5 tons, the domestic market demand in the 70000 ~ 8 tons.

In addition, as a result of state regulation of rare earth prices, but also to its downstream industries has caused tremendous stress. In magnetic materials , for example, rare earth permanent magnet generator costs have risen sharply , making the sharp decline in the competitiveness of enterprises . " This has led manufacturers on the one hand to reduce the use of permanent , only to meet the minimum requirements for basic performance , on the other hand to reduce production , or even stop the production of permanent magnet motor to avoid losses . " Chinese Academy of Engineering PROCEEDINGS of the" China Science News " reporter said.

" permanent magnet wind turbine development gives us the following topics : Upstream and downstream users how to promote mutual development of new technologies and products ? Who coordination , how to upgrade the industrial structure ? " PROCEEDINGS that " For this situation , the relevant departments should accelerate the establishment of coordination mechanism of rare earth prices , upstream and downstream collaborative innovation , to ensure orderly development of the industry , so that appropriate tone positive benefit of the public at home . "

The lack of high-end industrial chain

In a number of experts, to solve the problem of excess production capacity of rare earth , rare earth key is to accelerate the upgrading of downstream processing industries through technology research and development, build high- value-added chain backend .

Chen Zhanheng introduced in the field of rare earth new materials , domestic technology is not worse than abroad . Production of new materials , in addition to the catalytic material production accounts for only 20% to 30% outside the country of permanent magnetic , luminescent materials , hydrogen storage materials, polishing materials are the first production , "The current production of rare earth consumption accounts for 70 percent . "

"But where do we poor ? addition to the many technical subject to foreign intellectual property rights , we are good or rare earth functional materials production , which is the primary product, but these materials are ultimately made ​​products, parts , reprocessing technology urgent need to strengthen policy guidance . " Chen Zhanheng said.

Institute of the Ministry of industrial raw materials CCID Institute Yuan Kaihong also told reporters that at present China's rare earth industry, lack of high-end technology and equipment research and development should be focused on the next step in the development of solutions .

Chen Zhanheng that from resource development , mining, mineral processing , separation and production of new materials, production parts , and ultimately the formation of terminal products for civilian or industrial equipment industry chain is concerned, the domestic value-added in the rear with high chain link is very lacking. " Not just a technical problem , but also some fine processing equipment , product design , process control of the gap, we are from a real high-end manufacturing is still far away , these need to be resolved . "

"Only high-end industrial chain development up , China's rare earth industry will get better development, valuable rare earth resources in order to realize its value. " Chen Zhanheng finally said .


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Rare Shouchu remained open offer increased turnover deserted

Recently, the market of rare earth oxides offer a slight increase , but the price is still low , and the volume is still deserted. Recently, purchasing and storage is expected to further strengthen the earth , following the release of its official website Baotou Steel Rare earth oxide listing price after the Rising colored , aluminum rare earth have been published on its official website the listing price . However, the market still no Shouchu the exact message .

According quote form, listing the inclusion of rare earth oxides , including oxide, praseodymium oxide , neodymium oxide, dysprosium and other nine species, the number of varieties released more than Baotou rare earth, rare earth aluminum . November 1 , the aluminum rare earth oxide released a total of seven kinds of varieties ; Baotou Steel Rare Earth on October 31 released only four kinds of rare earth oxides .

However, in the rare earth oxides listed price for the company's price rather than the purchase price, purchasing and storage of relevant staff regarding secrecy ; Rising colored bulletin is issued to clarify the relevant purchasing and storage reports . One time purchasing and storage of rare earth market news lumpy .

Some analysts said that the recent stock market is chaotic earth , manufacturers, traders offer is not active , and some even offer stop turnover deserted. The analyst further said that every juncture purchasing and storage markets are very confusing , as the authorities of the State Reserve Bureau should have a say on the market , several phone calls to the State Reserve Bureau failed.

Some industry experts have said that the national reserve is supposed to be state secrets , the market should not be excessive speculation .


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November 7 Price of rare earth products

November 7, 2013 Price of rare earth products

Name Specifications Origin / Grade Reference Price Price Change
Rare earth carbonate REO 42.0-45.0% Domestic 27000-28000 yuan / ton 27500 0
Lanthanum oxide La2O3/TREO 99.5-99.9% Domestic 26000-27000 yuan / ton 26500 0
Cerium oxide CeO2/TREO 99.5-99.9% Domestic 25000-27000 yuan / ton 26000 0
Praseodymium oxide Pr6O11/TREO 99.0-99.9% Domestic 560000-580000 yuan / ton 570000 0
Neodymium oxide Nd2O3/TREO 99.0-99.9% Domestic 320000-340000 yuan / ton 330000 0
Samarium oxide Sm2O3/TREO 99.5-99.9% Domestic 20000-22000 yuan / ton 21000 0
Europium oxide Eu2O3/TREO 99.95-99.99% Domestic 4500-4700 yuan / kg 4600 0
Gadolinium oxide Gd2O3/TREO 99.5-99.9% Domestic 170000-180000 yuan / ton 175000 0
Terbium oxide Tb4O7/TREO 99.95-99.99% Domestic 3850-3950 yuan / kg 3900 100
Dysprosium oxide Dy2O3/TREO 99.5-99.9% Domestic 1950-2050 yuan / kg 2000 150
Erbium oxide Er2O3/TREO 99.5-99.9% Domestic 350000-355000 yuan / ton 352500 0
Yttrium oxide Y2O3/TREO 99.995-99.999% Domestic 60000-70000 yuan / ton 65000 0
Praseodymium neodymium oxide (Nd2O3 + Pr6O11) / TREO ≥ 75.0% Domestic 330000-340000 yuan / ton 335000 0
Lanthanum metal La / TREM ≥ 99.0% Domestic 53000-55000 yuan / ton 54000 0
Cerium metal Ce / TREM ≥ 99.0% Domestic 60000-65000 yuan / ton 62500 0
Praseodymium Pr / TREM 96.0-99.0% Domestic 590000-610000 yuan / ton 600000 0
Neodymium Nd / TREM 99.0-99.9% Domestic 430000-440000 yuan / ton 435000 0
Metal terbium Tb / TREM ≥ 99.9% Domestic 4800-5000 yuan / kg 4900 0
Dysprosium Dy / TREM ≥ 99% Domestic 3100-3300 yuan / kg 3200 100
Yttrium Y / TREM 99.9-99.95% Domestic 270-290 yuan / kg 280 0
Lanthanum Cerium metal Ce / TREM ≥ 65.0% TREM ≥ 98.5% Domestic 45000-47000 yuan / ton 46000 0
Praseodymium neodymium metal Pr / TREM 20-25% Nd / TREM 75-80% TREM ≥ 98.5% Domestic 425000-435000 yuan / ton 430000 0
Praseodymium Neodymium Dysprosium metal TREM ≥ 99.0% Domestic 435000-445000 yuan / ton 440000 0
Battery grade mixed rare earth TREM ≥ 99.0% Nd / TREM ≥ 15% Domestic 135000-145000 yuan / ton 140000 0
Dy alloy Dy80% Domestic 1950000-2050000 yuan / ton 2000000 50000



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Rare earth industry will not stand still respond export changing situation brewing Deal

According to foreign media recently reported that the WTO Disputes Settlement Subcommittee on the United States, Japan, Europe and the needle since early 2012 on the Chinese rare earth export controls have already made a preliminary ruling proceedings , basically agreed plaintiff 's argument that China has in the rare earth export restrictions imposed export taxes in violation of commitments. Although this news has not been the World Trade Organization (WTO) for official confirmation , but this insiders believe that China lost within expectations , the future China will expand or rare earth export quotas. So, this decision will be China's rare earth enterprises and what impact ? Chinese enterprises will be how to deal with ? To this end, China Business Times reporter interviewed some of the rare earth enterprises and experts.

Perhaps the situation is not so bad reporter in an interview that , because the message without official confirmed that the current prevalence of academia but also all kinds of speculation and controversy, Foreign Trade University, China WTO Research Institute , said Tu Xinquan , the current WTO only issued a provisional judgment on the relevant national notice , from the final ruling is still some time, but almost no hope to win the future China will have to cease the levying of rare earth export taxes , but export quotas might be able to fight .

Insiders bluntly: " the unsuccessful outcome is Chinese rare earth quotas cancellation policy , open the supply of rare earths , the government can not constrain the export business behavior . " Past experience shows that companies competing prices is inevitable. Because of the quota system disappeared ( without limiting exports ) , the face of the huge benefits , China 's excessive and indiscriminate digging earth , illegal smuggling of exports and other issues, or to re- emerge in the market , while the rare return to the " cabbage price" also increasing the likelihood .

Xiamen University, China Energy Economic Research Center Lin Boqiang but somewhat disdain , he said: "I did not so exaggerated . "On one hand , foreign media reports have not been officially confirmed , including the Ministry of Commerce , Ministry of Industry and other ministries has not released information about the rare earth litigation , WTO also did not release information. Even if true , it would not cause much impact on China's rare earth industry , particularly strategic resources in their own hands , is not wrong ; the other hand, status quo, for their own environmental protection , quotas system should not be canceled short-term .

It is understood , WTO principle, requires the elimination of export restrictions, but provides for two exemptions : "To protect people , animal or plant life or health measures " and " with the protection of exhaustible natural resource-related measures if such measures with restrictions on domestic production or consumption with the implementation . " "Once the results are unfavorable to China , China will certainly be carried out within the framework of the WTO complaint . " litigator Hao Junbo International Business Times said that for China .

In fact, the Commerce Department has repeatedly said that on the rare earth issue, China policy objective is to protect resources and the environment and achieve sustainable development, has no intention of trade-distorting way to protect domestic industries . China has always respected the rules of the WTO , and actively fulfill WTO commitments. Commerce Department had also said, " China will carefully study the prosecution panel filed a request , and according to WTO dispute settlement procedures to be properly addressed. " Last year, the Ministry of the person concerned has publicly said that China will actively responding to, and stressed that" China 's rare earth policy measures taken entirely for the protection of resources, environment and sustainable development, in line with WTO rules . "

China is the world 's rare earth resources most rich countries, while 80 percent of China 's rare earth resources concentrated in the header. In order to understand the current situation of domestic rare earth enterprises , China Business Times reporter interviewed a week a special trip to Baotou Rare Earth some state-owned and private enterprises.

Some large state-owned enterprises generally rare means "not so pessimistic ." Baotou Steel Rare Earth General Department Minister Yang China Business Times said: "The ruling is true even for large state-owned enterprises will not cause too rare serious impact , or no further wait and see . "and some private enterprises are already clearly felt earth pressure . General manager of the North Rare Cattle Shuo told China Business Times interview, said with deep feeling : "loser surprising ! Private SMEs must find ways to deal with ! "

Cattle Shuo that China 's rare earth resources has always been someone else have the final say in pricing, and other aspects of their exports can not grasp the initiative , the " industrial gold" by "cabbage price" to sell, this is the most distressing . Have taken place in the industry currently excess capacity , if the elimination of export quotas will inevitably lead to the next round of vicious price competition , true to time, small businesses like ours, there is no competitiveness will naturally be eliminated. But for the industry is concerned, such competition may be time-consuming , because when the bottom falls when the market sense , actually favors the formation of a benign rule . Within little more than foreign competition will make both inside and outside the same price. Benefit the bottom line , once formed, we are not easily to touch it.

If the long term, the government remediation industry stronger and as cure poison , formal enterprises were limited production, private open Luancai who was " Unforgiven ," the cost of crime is so high , I am afraid there will be no it was to defy the law of this benefit .

"Anyway, my business is already a red heart and prepare for the ! "cow Shuo said he has begun into rare earth waste recycling environmental projects supported by the state is always doing something wonderful . Measures are some reporters in an interview that , the domestic rare earth enterprises in order to cope with the dilemma may come , is quietly pushing into force restructuring to form . It is reported that six months after the suspension of Wei Hua shares

Recently announced the Ganzhou Rare Earth backdoor plan. Restructuring plan shows Ganzhou Rare Earth will listed as rare earth industry development and capital market financing platform to further integrate Ganzhou area of rare earth downstream smelting and separation operations , and gradually developed into a mining and dressing , smelting separation and processing as one of the major rare earth industry group company .

And at the national level by no means without countermeasures. SW researcher Ye Peipei also believes that China is brewing a number of New Deal response to export changing situation , including the crackdown private mine, intends to introduce regulations for rare metals , rare earth brewing different varieties of differentiated management policies . If the WTO ruled that China rare earth export restrictions violations, the policy is also expected to launch .

May 10, 2011 , the State Council issued " on the promotion of the rare earth industry healthy development of a number of opinions ", the Chinese around the rare earth resource development, smelting separation and circulation market order expand regulation by the Ministry of Industry and the formation of large rare earth industry group programs , now the industry has formed a number of sets resource extraction, smelting separation processing and application technology research and development of rare earth industry in one large group .

August 2012 , by the Baotou Rare Earth , Xiamen Tungsten and other 12 rare earth production and circulation enterprises invested 10 million yuan each common form of rare earth trading platform - Baotou Rare Earth Products Exchange Limited was established . The company was founded signified by the enterprises themselves, the sponsoring organization of rare earth rare earth products to complete the formation of spot trading platform , the platform will host China's first rare earth products electronic disk operations. Insiders expect the trading platform to be able to play a positive role in stabilizing prices of rare earth .

It is worth mentioning that, in the unity of national strategic planning development, many private enterprises have gradually been rare SOE merger integration , such as Baotou Rare Earth consists essentially of Baotou Rare Earth Group's control . Baotou largest private manufacturer Baotou Rare Earth Rare Earth Co., Ltd. China Magnesium has an equity price , no independent production and management of rare earth .

Another rare in Inner Mongolia eliminated upstream enterprise integration work, 35 were included in the consolidation phase in the enterprise, 13 included in the scope of cooperation restructuring Baotou Steel Rare Earth , 18 to implement compensation off , four were eliminated shut down . This marks the Baotou Steel ( Group ) Corporation mainly light rare earth resources in northern China unified mining, uniform dressing, smelting separation unified , unified operation and management of the franchise initially formed .

The southern provinces are also engaged in the integration of rare earth enterprises , such as explicit by the Guangdong Guangdong Group completed the rare earth industry in Guangdong Province, the existing rare earth mining, smelting separation of enterprise integration . February 27, 2012 , relying Guangdong Rising Assets Management Co., Ltd. of Guangdong Province as the main rare earth industry group was formally established , and strive to become the national focus on the development of the three rare earth enterprise groups.

In addition, the Commerce Department also issued in June invoices earth system as the "national franchise system " technology -based rare earth invoices in Inner Mongolia and Sichuan, the first pilot . This means that , following the salt industry and tobacco industry to adopt national franchise , the rare earth industry will also be included in the "national franchise " range. Industry sources said the franchise system will cover China rare earth rare earth mining , smelting , processing, sale of the entire industrial chain. More specific system designed by rare earth reserves , mining , smelting , consumption of four parts , mining , smelting and consumer enterprises system authentication and network signed a year into the reserves of rare earth mining and consumption of two areas , completely blocking illegal manufacturers to obtain rare earth way . It is foreseeable that the government is bound to accelerate the ongoing domestic

RE enterprise integration process , as soon as the end of the rare earth industry, private mining overdraft excess production , as well as disorderly competition chaos . Currently hundreds of domestic rare earth enterprises will eventually be integrated into two or three . Clear pattern has not yet formed , however , the aforementioned Baotou Rare Earth business people still believe that the integration of rare earth clear pattern has not been completed . "The government will make use of the time for appeal previously thought to achieve integration purposes to play on the international market picked up a fist fight out effect, but did not expect to be so hard to integrate , local, inter-enterprise , as well as upstream and downstream , etc. are all playing the abacus , each hold the interest . "

And there is no clear pattern of integration , it means that the market disorder and produce surplus situation will continue to exist, Deputy Secretary-General Chen Zhanheng Chinese Rare Earth Society said, now is oversupply, the annual quota of 30,000 tons , the actual sales 10,000 tons . One can not ignore the background , the current domestic rare earth separation smelting capacity has been severely surplus. Ganzhou Rare Earth Group Qiandong Gong Bin, chairman and managing director , told reporters that the current separation of the South ionic rare earth smelting capacity has exceeded 100,000 tons , and as the boss of the Southern Rare Earth Jiangxi in 2013 the first batch of 3,950 tons production target .

According to the China Rare Earth Industry Association, introduced the Secretary-General Ma Rongzhang Southern separated ion ore smelting enterprises to obtain more than 70% of unknown origin . According to statistics, China 's rare earth more than 200,000 tons , the actual annual production capacity of 15-18 million tons, while the actual global annual demand of 13 million tons, China 's demand of about 100,000 tons .

Chinese Society of Rare Earths expert who requested anonymity said that although the pattern of rare earth supply diversification trends are becoming evident , " but if the abolition of quotas and tariffs , China rare earth prices will plummet , may again squeeze rare in other countries production line. "


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China will not allow valuable rare earth resources, "cheap exports"

Policy overweight + demand rebounded back strong rare earth prices . Unilateral stimulation leaving early supply of rare earth prices artificially high due to the downstream demand stalemate will be broken with the improvement , and at the end state and the stimulation of the central enterprises purchasing and storage begins with the amount of continued strength . China will not allow valuable rare earth resources, " cheap exports " is a core subject. "demand with purchasing and storage stimulation, the whole industry chain began to increase inventory" and " supply contract " Start multifactorial resonance .

Small peak in the fourth quarter boost demand stabilization and recovery orders , breaking pre- earth prices partial virtual deadlock. Long term , NdFeB in industrial energy-saving motors , wind power, new energy vehicles and other energy-saving and new energy demand is huge ; medium term , a good momentum of economic recovery in Europe and America , is conducive to export-oriented high-performance NdFeB demand growth ; short term, the fourth quarter is the traditional peak season NdFeB sales , we expect the fourth quarter, the company orders are likely to increase , the operating rate may rise rapidly .

Executives holdings strengthen confidence. The holdings of fully reflects management's sustained and stable development of the company 's confidence in the future , the interests of management and shareholders demands harmonization would be more conducive to long-term development .


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