Today, there are supplier of rare earth market continues to offer lower portion oxides , industry suppliers of goods to reflect the stock are at a loss , the business is still relatively deserted.

Erbium oxide market traders today Ganzhou region has reflected down again erbium oxide with a ticket price to 335,000 yuan / ton, the price is lower than yesterday's 10,000 yuan / ton, according to other traders reflect erbium oxide market is higher than the current offer the price , at 350,000 yuan / ton , the market Inquirer less turnover is small.

Neodymium oxide market quotes showing a downward trend for two days , according to traders now reflect neodymium oxide with votes 320,000 yuan / ton can either ship, according to understanding with other traders , neodymium oxide with the current market price of 34-35 tickets ten thousand yuan / ton.

Neodymium oxide, praseodymium market , recent quotes from suppliers or stable or slightly lower , according to quotes from suppliers in Jiangsu Province , the current price of neodymium oxide, praseodymium with votes in 335,000 yuan / ton, some Ganzhou suppliers offer is still 340,000 yuan / tons or more, demand remains relatively deserted , the recent orders less .

Praseodymium oxide market, according to sources from the industry , the recent market price slightly lower , probably due to increased supply in some areas , grass Shen praseodymium oxide temporarily maintained at the current market price of 580,000 yuan / ton, while the price is higher than the initial offer last week cut 20,000 yuan / ton.


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America's largest rare earth miner MolycorpInc company , due to capacity less than expected sales decline loss widened , operators in trouble, since since October 15 , stock prices plummeted.

October 15 , MolycorpInc announced cash shortages due to the company , plans to sell $ 200 million worth of shares to raise funds to maintain operations , announced the news direct result of the company's stock price plummeted. According to Reporters statistics, October 14 , the company's closing price of 7.1 U.S. dollars / share, Oct. 18 , to close at $ 5.36 / share, the cumulative decline to 25%.

Public information , MolycorpInc was the world 's largest rare earth production enterprises, because of cost and environmental issues early in this century has been discontinued . 2007 due to rare earth prices, part of the company to resume production ; past two years, stimulated by the rare-earth prices have soared to begin large-scale increase production capacity , the end of 2012 production capacity of approximately 19,000 tons .

MolycorpInc the U.S. Securities and Exchange Commission said in a report , because California Mountain Pass (MountainPass) rare earth mine production failed to meet expectations within the planned time , resulting in the company's rare earth production was lower than expected , which the company in the first three quarters of revenue and cash flow caused damage .

It is understood , MolycorpInc its Mountain Pass rare earth mine in California is second only to our Baotou Bayan Obo rare earth mine in the world's second largest mine . The mine ore reserves of 50 million tons to maintain rare earth an average grade of up to 8 % to 9% , with a total resource of 4.3 million tons of rare earth oxides . In addition , MolycorpInc financial information, in 2012 the company a net loss of $ 360 million , net profit for the third quarter 2013 loss of $ 71 million .

In this regard , the rare earth industry analyst Du Shuai Bing that , MolycorpInc addition to its sales decline , but also in the impact of domestic rare earth distress of the company one of the reasons .

It is understood that , in fact , due to cost advantages, China Rare Earth [ -0.82 % ] corporate Despite the sharp drop in performance , but the overseas export volume is still growing .

Hohhot Customs released data show that three quarters of 2013, exports of rare earth 3850.9 tons Inner Mongolia Autonomous Region , a 62% increase over last year , of which 50% are exported to the United States .

Orient Securities analyst Zhang Xinping is expected , MolycorpInc rare earth mining operations or unsustainable. Its said that different from the past , MolycorpInc latest mid-year report does not update the company 's production capacity of 40,000 tons of rare earth production time , it just means that the price will depend on the specific needs and conditions, return on capital expenditure and final decisions , MolycorpInc on rare earth business the outlook is expected to be reduced.

Zhang Xinping also noted that the current surplus of light rare earth upstream , downstream demand and other factors sluggish rebound in the price of rare earth , rare earth business long if MolycorpInc in a loss position , the business or unsustainable.


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Ministry of Industry and Raw Materials Division , an official said Monday , 2013 RE crackdown seized amount of black earth bigger than last year .

According to publicly available data show that in 2012 China Rare Earth Society received 31 reports information . From non- authoritative statistical data , said the country's total reserves of over eighty percent of the province of Inner Mongolia and Ningxia Hui Autonomous Region last year, the amount of hitting 20,000 tons .

The source also confirmed to the news agency of great wisdom , this year hitting earth special action of the " census " range is also greater than in previous years. According to its disclosure , including the central enterprises , including all upstream and downstream enterprises earth should be checked , and last year's special action is mainly for clues . "In the past like the Baotou Rare Earth and other large enterprises are not be checked ," he said .

Expand the scope of the census and the complexity of the earth hitting the rectification of the 2013 Progress temporarily slower than expected. Chinese Society of Rare Earths experts say fast into November , according to the central ministries also need to update the policy and efforts to work requirements , thus hitting the earth can be said to be " showed their equilateral update " state.

The Ministry of Industry and Raw Materials Division officials confirmed that the first phase of provincial self-examination is not over , hitting the second phase of the rare earth joint inspection department also delayed completion .

Accordance with the previously issued by the Ministry of Industry and Information "Combating rare earth mining , production, circulation of illegal special action program" shows the campaign period in 2013 August 15 to November 15 . Specific divided into three stages , the first is August 15 to September 30 of the provincial self- phase and will investigate the situation and corrective measures communicated on September 30 the Ministry of Industry and Information Technology ; secondly September 30 to 25 October -departmental joint inspection phase , the Ministry in conjunction with the relevant departments and experts will form the Joint Inspection Unit ; Third, October 25-November 15 summary stage rectification work , will address the problems identified , researchers have proposed targeted corrective measures.


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It is learned that , at present, the Baotou Rare Earth Products Exchange has been completed decoration and equipment installation work , a staff recruitment is also ready and start simulation platform operating personnel training business . Exchange recently launched marketing efforts , and invited the relevant rare earth enterprises to attend the simulated trading contest . The platform will be held in late October, rare earth physical trading trial operation.

It is understood , of rare earth products Exchange was founded in August 2012 by the Baotou Rare Earth ( 600,111 ) , the State Reserve material adjustment center , Inner Mongolia tech holding the steel trade 11 companies formed a joint venture . The exchange aims to build the first domestic rare earth industry, the electronic trading platform , fundamental break from the long form of price competition chaos rare earth enterprises , laying Baotou rare earth industry in the country and world dominance .


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