Rare supplier watching the market, bullish sentiment strong

RE market is not the case today offer more businesses bullish on the market sidelines , shipping is not active . There are traders reflect the intention stockpile now , but more difficult to purchase cheap praseodymium , neodymium and dysprosium oxide , there is speculation on the market factors that are pushing up prices.

Praseodymium neodymium products market , recent market as a whole showed upward trend, but some businesses offer unclear , hope rose mentality evident. According to the supplier of Baotou , in recent days has no goods can be out , and some Ganzhou local traders also said that there is not much cargo can be out on the market now , neodymium oxide, praseodymium quote he received last week rose more than 1 yuan / ton, with no votes at 285,000 . According to Ganzhou with praseodymium neodymium metal suppliers understand , praseodymium , neodymium metal on their weekend quoted in 415,000 yuan / ton, and now the price has not accepted the shipment .

Dysprosium products , traders are more inquiries on dysprosium oxide , can accept a slight increase compared to the purchase price of last week , according to industry buyers an introduction, if you have 1.4 million yuan without a ticket / ton supply may be appropriate procurement However, the current lack of such stock price , higher offer he had received 150 yuan / ton. It describes the current dysprosia other businesses with a vote 170-175 yuan / ton, dysprosium iron at around 175-180 thousand. Also appeared reluctant to sell gadolinium products market sentiment , according to trade often to do a business of gadolinium oxide , said the market now offer confusion , are up hope , offer basic gadolinium oxide in 150,000 / ton, not someone cheap a large number of situations.

Today , as of 15:05 so far , all three products offer the Baotou Rare Earth Products Exchange listed and traded up and down , which showed a slight rise in the price of europium oxide trend , the current price of europium oxide in the 4196-4245 yuan / kg. Currently ceria though slightly lower , but the magnitude is less than 1 yuan / kg , praseodymium , neodymium oxide quoted at 332.8-337.5 yuan / kg.


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Chinese rare earth deep processing in trouble

Inner Mongolia , a rare corporate executives told reporters , " Our way is not that rare earth industry consolidation, but how deep into the rough machining . "

At present , China's rare earth raw materials and processing industry remained roughly three bases and two north-south pattern of production systems , with the implementation of national policy , there is a further focus on the trend . However, according to the Ministry of Industrial Research Institute CCID director Yuan Kaihong materials research , the three main bases for the production base , its main products are mostly raw and rough in the primary stage of product development and other downstream applications that slow development .

In NdFeB , for example, it is divided into two kinds of NdFeB sintered NdFeB and bonded . Wherein the bonded magnets are neodymium NdFeB alloy powder , epoxy resin , plastic and other additives, such mixed binder , using a molding method such as compression molding , calender molding, injection molding and is prepared made of composite permanent magnet.

Galaxy magnet there had projects , namely through the use of bonded NdFeB magnets, praseodymium , neodymium alloy available annually about 1,200 tons , can greatly reduce the cost of electricity . However, due to the volatility of rare earth price " roller coaster " type , have a significant impact on the bonded NdFeB industry , this project also because the user can not accept early mortality .

"In the rare earth prices skyrocketing , even as selling products directly sell resources. " aforementioned corporate executives say , by the influence of rare earth spike , rare earth downstream processing sectors hard hit .

In an interview with reporters in the eyes of many industry people , China 's rare earth deep processing level varies greatly, NdFeB industry is in a leading position in many respects , but in rare profits , driven by continued expansion of raw commodities sectors , relative downstream applications but sharp contraction . " Not only is the fight of faith , as well as reputation, up to now no fully recovered . "

Another rare earth deep processing of distress " bothering " is caused by a duplication of serious excess capacity .

袁开洪said that although China's rare earth permanent magnet production ranked first in the world , but the market share of high-performance permanent magnet materials is less than 10 %. Many provinces , even without the resources and core technology , the new project is still a lot of construction NdFeB , resulting in a more serious homogenization phenomenon vicious competition .

"We hey some companies are a division of labor , and now every place in the enclosure, do engage in NdFeB Rare Earth Zone , a dozen things turn out two million tons, which is the largest repeated construction waste . " People who had the rare earth enterprises , told this reporter.

In fact , there is not just part of the rare earth separation overcapacity , luminescent materials , there are also a lot of excess capacity. Among them, the 2011 rare earth luminescent materials production capacity of 6,000 tons, but after only a year on more than 20,000 tons of production capacity , a lot of new capacity projects are launched from 4,000 tons.

SEE "1 +5" program in six business groups , are all involved in the deep processing field . In Xiamen Tungsten , for example, since 2006 the company entered the rare earth industry , focusing on the development of rare earth deep processing industry , now has 5,000 tons of hydrogen storage alloy powder project , 1,000 tons phosphor projects.

In addition, has made it clear to fade upstream control over the future development strategy of Rare-Earth also focus on developing applications of rare earth materials , rare earth materials to expand the field of high-end applications , application of technology to enhance the level of rare earth , rare earth products to increase the added value . Baogang Group even promised to support the focus on the development of rare earth smelting Baotou Steel Rare Earth , separation, materials and applications, Baotou Steel Rare-Earth Group for the rare earth smelting , separation and integration party applications business.

The real problem is that the current domestic rare earth processing enterprises concentrated in NdFeB , luminescent materials and NiMH batteries three industries , high-tech industries rarely dabbled in other applications . Rare earth deep processing industry homogeneity, has seriously hampered the development of rare-earth applications.

" China 's rare earth industry chain is very short , the real high value-added chain is the end product , but all these years we still sell primary products of rare earth , which in turn also to thousands of times the price to buy deep- processed products from abroad . " preceding business people said.

He believes the key to the rare earth deep-processing industry is to look at the application side , the current application link is not up for three main reasons : First, alternative materials for the market to seize the high-end market is difficult technical issues , then there are sluggish exports , domestic consumption has always been short board ; also lanthanum magnesium nickel- hydrogen storage battery domestic industrial enterprises there are problems .


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WTO Dispute Chinese Rare Chinese regret losing the first instance

Reporters learned yesterday from the parties concerned , which lasted for two years in Europe and America to the WTO ( WTO ) trade dispute prosecution of China's rare earth export policy , WTO on the 26th of this month announced a panel report that China -related measures are not consistent with WTO rules and China's WTO Accession commitment. In this regard, the Chinese side expresses regret and will continue to do follow-up work .

For a long time , China 's rare earth resources to bear 23% of the world's supply of more than 90 % of the market , resulting in serious environmental pollution problems. Therefore, the Chinese government in recent years to strengthen and improve the high pollution, high energy consumption of integrated ( market area ) management of resource products . Which on rare earths and other products for the export quota management. China's approach is well-founded , because although WTO rules requires its members to eliminate export restrictions , but provides for two exemptions , namely, " to protect people , animal or plant life or health measures " and " with protective measures exhaustible natural resources if such measures with restrictions on domestic production or consumption together to implement . "

In fact, this measure did not affect the market price of rare earth. In 2013 , the international market demand is still rare enough. As of the end of October last year , China 's total exports of 17,911 tons of rare earth , accounting for only 57.8% of the total annual export quota , some of the export quota is not used.

However , China's rise to reasonable measures dissatisfaction with long accustomed to large imports of rare earths Europe and other developed countries. March 2012 , the proportion of Chinese rare earths , tungsten and other share of global reserves of these countries and regions greater export restrictions affecting the development of related industries by countries to resort to WTO dispute settlement mechanism.

Voice of developing countries is still weak

March 26 this year , the WTO panel report released U.S., EU , Japan v. China rare earths , tungsten, molybdenum export management measures related to the case , ruled that the product concerned Chinese export tariffs , export quotas and export quota management and allocation measures are not comply with the relevant WTO rules and China 's WTO commitments . However , although the " first instance " loser , but a WTO panel also approved a comprehensive resource and environmental protection measures in China for rare earths, tungsten, molybdenum taken and dismissed the application for EU companies molybdenum export quotas " export performance " requirements discriminate against foreign companies proposition.

Industry experts have pointed out that Chinese restrictions on exports of rare earths exhaustible natural resources, such as well-founded , the preliminary results of the lawsuit , said the development and implementation of WTO rules , there are still some unfairness , voice of developing countries overall still weak.

In this regard, the person in charge of the Ministry of Commerce issued a statement that the Chinese side regrets . China -related measures both the conservation of exhaustible natural resources and environmental needs , but also important for maintaining global sustainability efforts made ​​. " China will continue to comply with the WTO rules on ways to strengthen the management of resource products , maintain fair competition ."



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China's "rare earth grievance" is not the case

China supplies more than 90 percent of the world's rare earth resources , but because there is no obtain rare earth pricing , selling resources into "cabbage price ." Assistant President of China Minmetals Mr Wang 's remarks earlier interview , revealed the rare earth industry in the short-board processing areas: one dollar of rare earth materials , we roughing up to sell 10 yuan 20 yuan , to the European and American made ​​products , we would spend 1,000 yuan to buy it back. Scattered, chaotic , poor and disorderly competition , abuse of indiscriminate digging , environmental pollution , excess capacity and redundant construction and other issues are still not fully resolved , the most important is the downstream application industries , there is a big gap from many international advanced level, these rare is the main cause of China devalued .

From mobile phones to computers, from hybrids to cruise missiles , almost all modern equipment needed to rare earth elements. REE is a precision-guided weapons manufacturer called " smart bomb" , a variety of equipment such as radar and night vision goggles indispensable element . Today's world, every six invention of new technology , there is an inseparable rare earth , rare earth is an important strategic resource in the 21st century . China Rare Earth occupies a large number of " world first" , reserves accounted for 53.5% of total world reserves. However , China's rare earth has been extremely low prices to supply the global market , for example in 2009 , the Ministry regulations, then the total rare earth mining control index was 8.23 ​​million tons, but production of the country last released 120,000 tons, accounting for 97% of global production. As among the world's rare earth reserves in the United States three years but few open local mining rare earth mine idea, mainly rely on imports . China began to restrict the export of rare earth , the United States took the EU to the WTO on China report .

Now let 's get out of China's rare earth materials development dilemma is a priority. In terms of policy , the state has adopted policies to restrict production of rare earth export quotas ; within the framework of the WTO , member states can take certain measures to effectively prevent the depletion of their own country , these measures do not violate WTO rules ; institutionally implementation of strategic reserves of rare earth resources in the system , some of the current application can be less difficult sales purchasing and storage of rare earth elements , conducive to the comprehensive protection of China's rare earth resources.

In production mining, mining companies should increase R & D funding , improving rare earth materials processing, finishing degree , scientific evaluation of mineral resource potential for the delineation of a number of indicators of rare earth industry threshold. On export , increase export censorship, restrictions malicious competition for export enterprises and even cancel its export qualification . Internationally, wary of foreign " Bypass " shift the rare earths. In the case of China's strict controls on the export of rare earth materials , factories or acquisitions by foreign companies in China , simple processing of rare earth products "disguised export" behavior intensified. Therefore, for foreign intervention must be strictly.

If further expand horizons , in fact, China on exports of rare earths problem under the " grievance " is not the case , the WTO decade, China frequently encountered criticism in international trade , many lessons worthy of reflection .


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Rare behind the Sino-Japanese dispute WTO: China had lost the outset

March 26 , WTO announced the United States , European Union, Japan, the prosecution panel report Chinese rare earth, tungsten, molybdenum export management measures related case , ruled that the export control measures Chinese products involved violations. This is no sudden lost , because from the beginning two years ago , about the outcome of this war prophecy Rare already been repeated countless times . Basically exactly the same content even lawsuits , we've lost back in 2009 , the last result , we were forced to open bauxite , coke and other 9 kinds of industrial raw material exports . But this time , we do not know the time to fight the use of the appeal period established five rare earth group , can remedy the situation . I do not know whether we can in the first 14 years of the WTO , to say we do not have to pay the successful tuition .

"conduct the full range of violations "

RE battle , officially started two years ago .

March 13, 2012 , the Japanese Ministry of Economy that China restricted rare earths, tungsten, molybdenum exports of three raw materials violate WTO regulations , request a joint EU and the United States, filed a complaint with the WTO. "From the moment the complaint in Japan , the Chinese government has been lost, and because the violation is an established fact. " China WTO Research Institute of Foreign Trade University to Chongqing Youth Daily reporter Zhang Hanlin , said the controversy about the rare earths , from that moment on has been lost.

Why lose ? Back in the " Legal Evening News" March 20, 2012 on , he published a CASS Institute of Finance Strategic Analysis Jing Tang article . Article believes that this complaint focused mainly on two aspects: first , China 's rare earth export restrictions material meets the WTO legal provisions GATT Article 20 (g), (GATT members to not impede implementation of the " protection of exhaustible natural measures relating to resources, and with restrictions on domestic production or consumption while implementing measures " ) ; second, China's export tariff meets the exceptions .


analysts believe that Chinese domestic consumption of rare earth mining and yet take appropriate restrictive measures , so this aspect may be the soft underbelly of China in the field of litigation . After the defense , the WTO should be submitted to "prove taken appropriate restrictions on domestic production or consumption measure" evidence. In the export tax, if you need to WTO approved " special exception ", the Chinese must meet the procedural requirements , such as the "prior consultation with affected members ." But clearly, China also did not perform these procedures. Finally, the article concludes: " In the absence of cooperation, communication premise alone approach will undoubtedly raise tariffs under the existing WTO framework has no legitimacy . "

Two years later , when the WTO panel report was released , the main reason for the analysis of the article 's conclusions and Jing Tang amazing consistency .

That year, the same as with the soup Jing analysis of rare earth dispute with the regulations , as well as the " Japanese Economic News " editorial vine Kang -ho . Although the vines in a small part of the article is also used to analyze the terms " illegal Chinese restrictions on exports of rare earths ", but its focus has landed on inciting nationalist sentiment . Use in the 1970s , Japan experienced the "out" alluding to the rare earth dispute to the level of the entire event distort " economic war" .


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