Currently more deserted rare earth market , the industry said that years ago, many businesses are no longer the basic price adjustment , and is now shipping fewer units are in a wait or wait state holiday .

Praseodymium neodymium metal market is relatively stable , the market is currently quoted prices are still about 390,000 yuan / ton, the market price of neodymium oxide, praseodymium stable or slightly increased slightly by $ 5,000 / tonne , the supplier of the year prices will remain stable in the about 310,000 yuan / ton, and soon the New Year, shipping businesses will be less and less .

Dysprosium products, pre-holiday market continued in the doldrums, according to Ganzhou supplier said that the current 2.3 million yuan with votes dysprosium / ton , dysprosium oxide and dysprosium iron prices continue steady for nearly a week , gradually reduce market purchases stocking behavior.

Gadolinium products market , prices stable for two days , a small part of the business slightly increased offer , today there Ganzhou suppliers gadolinium iron slightly raised its offer to 165,000 yuan / ton. After understanding with local suppliers , currently quoted gadolinium oxide and gadolinium iron with votes were concentrated around 155,000 and 165,000 yuan / ton.


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According to statistics CIQ Changshu , Changshu region's exports in 2013 were 25.1 tons of rare earth phosphors , an increase of 1.5 times ; value of $ 14,905,000 , an increase of 6.6 times .

Changshu rare earth phosphor export growth was mainly for the following reasons : First, the international market gradually opens, marketable sales Kyo ; Second, the production of rare earth phosphors Changshu reliable quality , and ever-increasing recognition in the international market . In addition, in 2013 the growth rate of exports of rare earth phosphor is much higher than the growth rate of exports is due to a substantial increase in the proportion of annual exports of high prices .


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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 • In an interview with VOA 's 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 Asia and Pacific Studies at the Australian National University, Korea researcher . 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 21, 2014 Price of rare earth products

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