According to U.S. media quoted - one based in the British Virgin Islands company as saying the world's largest rare earth resources possible in North Korea. They have established a joint venture to develop these resources. Analysts said the findings , if substantiated , will change the political landscape of rare earth market and Northeast Asia. But first intention Pyongyang must reform. And one surprise in China could "control" these resources. The following are excerpts of the article .

A geological study showed that North Korea has about 216 million tons of rare earth , these minerals can be used in smart phones and high-definition TVs and other electronic products. Once confirmed , this would make the world's known reserves of rare earth more than doubling . It will be six times that of China 's rare earth reserves , it will become the market leader.

Private equity firms SRE Minerals Ltd. announced last December findings and signed a term of 25 years in the North Korean capital Pyongyang northwest of Dingzhou development contracts rare earth. This is known as the Pacific Century Rare Minerals Ltd. joint venture, is a state-owned natural resources with the Korean joint venture trading company .

East-West Center in Hawaii researcher Bruce Scott told VOA video interview that North Korea not only the amount of rare earth shake China's position in the market , but also to improve the DPRK and the two largest importer of mineral Korea and Japan relationship. Bruce said: " If North Korea can start this project , to develop their own industries , it is likely to encourage its integration with its neighbors , and is no longer a black hole in the center of Northeast Asia . "

It has been estimated that North Korea has mineral resources worth trillions of dollars , Dingzhou project will be the first development of these rare earths. However, many problems remain to be solved.

Companies doing business with North Korea in dealing with this mysterious power, will bear great risks. The country's dilapidated infrastructure , poor roads and unstable energy supply is the challenge of this complex and expensive rare earth mining industry faces.

Even if the company successfully dug earth, it still faces challenges from the U.S. and UN sanctions for North Korea . North Korea poor working conditions , including forced labor, may cause foreign companies being sued for human rights violations . Pacific Century, said his company is an ethical standard , with a variety of process control mining companies , to ensure that it adhere to international standards.

Leonid Petrov Research Institute of Asia and the Pacific, North Korea researcher at the Australian National University . He said Pyongyang did not intend to make the necessary reforms in order to achieve the maintenance of foreign investment in Korea international requirements . Petrov said: "The two conditions for the survival of the regime is to continually create a crisis , and to maintain isolation. These two conditions may be impaired . A similar situation occurred in the 10 -year period of the two Koreas began sunshine policy of trade and cooperation, had some exchanges. But soon , they realize it is too expensive for South Korea , and for North Korea is too dangerous. "

China occupies 90% of the world's rare earth market share, almost in a monopoly position. When the Japanese government accused the Chinese government because of political tensions when export restrictions of rare earth prices soaring . After that, rare earth prices fell more sustainable level, but the Chinese government 's approach led to other sources of rare earth exploration .

Petrov said Pyongyang would not risk further open the country's mining sector , and will continue to be sold to Chinese mineral , that domestic elites to earn foreign exchange .

Petrov said: " So, I believe that rare earth metals will continue to be controlled by the Chinese government , and China 's economic influence will continue to provide military and logistical aspects of the protection of North Korea. China 's soft power will not betray the regime , because China North Korea as a buffer state . Therefore, these new findings will support the existence of this mineral regime . "

The U.S. Geological Survey is responsible for the mineral resource data summary that does not have enough information to comment on the importance of this statement . SRE mining company admitted that on the rare earth estimates only , have not been proven conceptual . In April it plans to further obtain the sample through a joint venture to better assess the number of North Korean possible rare earth resources.


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January 18 morning , near the Hefei Railway Station Square , the police feel a man acting suspiciously approached inventory and found the man on suspicion of stealing digging , reselling rare earths , is listed as online fugitives .

Man confessed that when they work in Jiangxi, under the instruction of others , engage in acts of stealing digging , this time to earn some money to go home New Year, I did not expect the train not long after they were arrested .


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January to December 2013 , Shanghai special office issuing export licenses totaling 1598 copies ( excluding returned certificate ) , an increase of 8.34% ; issuing amount of $ 338,367,600 , representing a decrease of 23.66% .

Look from issuing shares , Rush and Rush Products , light rare , heavy rare earth -containing magnesium oxide > 70% mixture of tungsten powder and its products in the top five , respectively, 376 , 288 , 253 copies, 138 copies, 91 copies, issuing shares representing 71.71% of the total.

From the number of the issuing of view, there are compared with the same period in 2012 growth in the number of the following goods: an increase of 3324.25% coke , an increase of 64.04% in the heavy rare earths , molybdenum chemical products grew by 47.9% , an increase of 30.04% light rare earths , an increase of 19.61% silver , licorice growth of 15.66% , rush and rush products grew 14.05 percent , an increase of 7.62% of glycyrrhizin -containing magnesium oxide > 70% mixture of growth of 6.84% ; has the following number of goods decreased compared with the same period in 2012 : Chung , partial tungstate ammonium decreased 28.51% , 35.87% molybdenum scrap fell , fell 36.43 percent of silicon carbide , sawn timber fell 36.45% , tungsten acid and its salts fell 44.44 percent , 45.91 percent decline in rice , tungsten powder and its products fell 53.07 percent trioxide tungsten and tungsten blue oxide fell 65.77% .

Look from the issuing amount , the amount of the top three products are issuing silver , light rare earths and heavy rare earths were $ 114,908,700 , $ 38,120,400 and $ 36,764,000 . Compared with the same period in 2012 , an increase of the amount of the top three product certification is coke, chemicals, lumber and molybdenum , respectively, an increase of 2886.12% , 163.51% and 48.75% ; issuing decline in the amount of three products is the biggest trioxide tungsten and tungsten blue oxide , tungsten acid and its salts and heavy rare earth , down 66.49% , 51.86% and 51.44% respectively .


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RE market transactions gradually deserted , only a few stocking requirements. Currently almost no quotes or suppliers offer a smooth , slight ups and downs of individual product prices . A large area on the market cheap Paohuo phenomenon gradually reduced , businesses wait and see attitude based. Currently most of the downstream business has been discontinued , the workers leave, there is now shipping the industry's sales staff said there is no money, was about to go home happy New Year , has no intention to go on fighting the market , the stock market next week could further deserted.

Praseodymium neodymium products quotations omitted rose slightly , prices were flat with last year , this week cut more downstream NdFeB manufacturers continue to purchase the limited demand, and some of NdFeB scrap market sources, some manufacturers are now low profit or loss , prefer using waste instead of praseodymium neodymium metal production . This week there is a small amount of neodymium praseodymium oxide stocking needs , smooth or slightly slight increase prices.

Dysprosium, gadolinium products market , prices continue steady in recent days , before the low quote slightly raised some vendors offer. Still reflect a small number of traders to purchase cheap goods, but a few days because rarely end market demand , limited profit before shipment , after looking in the market has been warmer can bring good returns. With other individual traders to understand , because the price is already in the second half of dysprosium oxide lowest position , taking into account the rise in prices next year might be , stocking demand increased slightly.

Other products on the market this week, some of the europium , terbium, lutetium oxide manufacturers will ship too strong , offer not active . Some quotations from suppliers of europium oxide is still low , with Ganzhou region today , according to a supplier to understand the current price of europium oxide at 4000 yuan / kg. Yttria no upward momentum , prices remain low in 60,000 yuan / ton or less.


Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
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