North Korea found a world-class rare earth mine

SREMinerals company recently announced a partnership with the Korean trade in natural resources companies (KoreaNaturalResourcesTradingCorporation) signed a joint venture agreement to establish a new joint venture company called PacificCenturyRareEarthMineralLimited , registered in the British Virgin Islands.

The joint venture company the right to develop Jongju rare earth deposits for a period of 25 years , subject to mutual agreement can be extended for 25 years. Jongju rare earth deposit located in the northeast of the North Korean capital of Pyongyang is about 150 kilometers, is allegedly the world's largest rare earth deposits . Meanwhile , SRE company also received the power to build a rare earth processing plant .

HDR Salva Resources Enterprise Limited is an Australian mining and geological consulting company is the technical representative of the project, the mine was assessed. Preliminary assessment results show that the total amount of 6 billion tons of mineral potential , totaling 216.2 million tons of rare earth oxides , including lanthanum, cerium and praseodymium and other light rare earths , mainly cerium associated apatite and rare earth minerals . 216.2 million tons of rare earth oxides containing about 2.6% more valuable heavy rare earth elements , about 5.45 million tons .

Australian Institute of Mining and Metallurgy, the project is also a leading scientist Dr. LouisSchurmann said , Jongju is the world's largest rare earth deposit targets .


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Stable rare earth market price, the business is very poor

Currently the rare earth market prices stable , individual product prices slightly lower, reflecting the multi- vendor market due to less demand , business is very quiet. Shen grass praseodymium oxide market, some suppliers offer slightly lower than last week , marginally, more deserted Inquirer . According to the supplier of Ganzhou , grass Shen praseodymium oxide with tickets now about 575,000 yuan / ton, with no votes 540,000 yuan / ton, lower than last week, five thousand dollars.

Praseodymium , neodymium market , the current price being steady , some suppliers said late price reduction up little space, mainly short-term price stable . Current metal prices are still about 400,000 yuan / ton, while the oxide, praseodymium , neodymium with votes at 310,000 yuan / ton , according to some traders neodymium oxide, praseodymium feedback without ticket offer concentrated at about 265,000 yuan / ton, then slightly low 2-3 thousand dollars. Currently , praseodymium , neodymium oxide, praseodymium and neodymium metal prices essentially flat with last year .

Europium , terbium oxides market, according to the manufacturers Ganzhou feedback , business is extremely deserted, other traders feedback because there is no demand , the price quoted is not high. It is understood that the current supplier can accept shipment price of europium oxide at 4600-4700 yuan / kg , terbium oxide 3500-3700 yuan / kg , individual businesses rush shipping , lower prices of around $ 100.


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Overseas reports that the strategic significance of rare earths

Last week, due to the rare earth reserve, hitting the hot spots , such as the delay of market attention , but no signs of improvement due to lower demand , the price of dysprosium oxide gradually reduced . In rare investment , we have been reminded two o'clock :

( 1 ) private mine strike will be more severe , which Minmetals Rare Earth recently released from smelters shut down can be seen in the implementation of the central enterprises under stringent quota .

( 2 ) Rare is the strategic goods, the country vulnerable to supply and demand changes in the short-term wishes . Therefore, we are still optimistic about the investment opportunities in rare earth policy window period .


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December 10, 2013 market price of rare earth products

December 10, 2013 market price of rare earth products

Name Specifications Origin / Mark Reference Price Average Change
Lanthanum oxide La2O3/TREO 99.5-99.9% Domestic 23000-24000 yuan / ton 23500 0
Cerium oxide CeO2/TREO 99.5-99.9% Domestic 23000-25000 yuan / ton 24000 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 315000-325000 yuan / ton 320000 0
Samarium oxide Sm2O3/TREO 99.5-99.9% Domestic 19000-20000 yuan / ton 19500 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 167500 -7500
Terbium oxide Tb4O7/TREO 99.95-99.99% Domestic 3500-3600 yuan / kg 3550 0
Dysprosium oxide Dy2O3/TREO 99.5-99.9% Domestic 1750-1850 yuan / kg 1800 0
Erbium oxide Er2O3/TREO 99.5-99.9% Domestic 350000-355000 yuan / ton 347500 0
Yttria Y2O3/TREO 99.995-99.999% Domestic 60000-70000 yuan / ton 65000 0
Praseodymium , neodymium oxide (Nd2O3 + Pr6O11) / TREO ≥ 75.0% Domestic 315000-325000 yuan / ton 320000 0
Rare earth carbonate REO 42.0-45.0% Domestic 27000-28000 yuan / ton 27500 0
Metal lanthanum La / TREM ≥ 99.0% Domestic 53000-55000 yuan / ton 54000 0
Metal cerium Ce / TREM ≥ 99.0% Domestic 58000-63000 yuan / ton 60000 -500
Metal Pr Pr / TREM 96.0-99.0% Domestic 590000-610000 yuan / ton 600000 0
Neodymium Nd / TREM 99.0-99.9% Domestic 415000-425000 yuan / ton 41500 -378500
Metal terbium Tb / TREM ≥ 99.9% Domestic 4800-4900 yuan / kg 4850 0
Dysprosium Dy / TREM ≥ 99% Domestic 2800-3000 yuan / kg 2900 0
Metal 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 415000-425000 yuan / ton 407500 -7500
Praseodymium , neodymium and dysprosium metal TREM ≥ 99.0% Domestic 425000-435000 yuan / ton 430000 0
Dy alloy Dy80% Domestic 1950000-2050000 yuan / ton 2000000 0
Battery grade mixed rare earth TREM ≥ 99.0% Nd / TREM ≥ 15% Domestic 135000-145000 yuan / ton 140000 0



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Smuggling of rare earth sources: supporting services were gradually

Rare rampant smuggling activities , has many causes . First of all, there is no source of rare earth development always has . Zhang Anwen , deputy secretary general of China Society of Rare Earths , told reporters that "black rare earth" repeatedly played without a break , have a steady stream of smugglers of rare earth supply . If the management is good source of resource development , will become part of the follow-up source of water.

Secondly, the rare earth export quota management system still inadequate . Of China's rare earth export quota management system introduced in 1998, was intended to protect rare earth resources, but in some experts, the existence of this policy several disadvantages: on the one hand , China has restricted exports of primary products , while rare , but rare earth functional materials to encourage , devices and other products exported , although improved quality of export products , but did not play a role in preventing the loss of rare earth resources , but polluted the environment , destroy the mine ecological ; on the other hand , the current system is not strategic for different rare earth products value for further distinction.

Insiders pointed out that there are 17 kinds of rare earth elements , and uses very different characters , but after half a century of development , there are more than 400 kinds of rare earth products , more than 1000 kinds of specifications, the export of rare earth products are also hundreds of species of rare earths present export tariff is only 50 come to some products and export tariff of touch, not only unable to meet regulatory needs , but also lead to loss of resources and smuggling . Currently on export management, only the rare earth products are divided into simple oxides, salts and metals in three , resulting in management inconvenience.


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