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State Reserve Bureau Officially Began to Purchase 10000 Tons of Rare Earth

Details: Category: Rare Earth News; Published on Friday, 19 September 2014 17:34; Written by jwy; Hits: 2225

10000 tons of rare earth reserves in Ganzhou officially began on Sep. 16. Ganzhou Rare Earth Mining Co, Ltd. stated that the activity has already began as State Reserve Bureau (SRB) started to deliver rare earth, meanwhile it will be finished by Minmetals Rare Earth (000831 SZ), China Rare Earth Company, China Nonferro Metal Co, Ltd (000758.SZ), Baotou Steel Company (600111.SH), Guangsheng Rare Earth and Ganzhou Rare Earth Mining Co, Ltd..

These people said that the state reserves have been completed bidding in July 31, and the amount of national reserve has reached to 10000 tons, besides, the commercial reserves of these enterprises have increased by 3000 tons, and all will be arrived by the end of this year.

rare earth reserve

Rare earth market has continued to be weak since the beginning of this year, the prices of rare earth minerals and rare earth products remain low, which has been changing in September. Data from Ganzhou Association of Rare Earth Industry shows that rare earth price has been improved in September. Otherwise, industry analysts said 2013 rare earths reserve unsold, has been delayed until now, in addition there is no specific results in controlling fault rare earth, rare earth market also need to see the market performance in October.

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Volume was light rare earth prices flat

Details: Category: Rare Earth News; Published on Friday, 19 September 2014 16:22; Written by HJF; Hits: 2267

This week the rare earth market conditions continue Qudan, stable suppliers offer or continue to cut prices, volume was light, lack of orders. Although the late-related messages about purchasing and storage of it, but yet has a significant impact on the market.

This week, praseodymium, neodymium, erbium, gadolinium oxide cargo hold steady or continued to fall in price quotations, such as gadolinium oxide is currently poor demand, Ganzhou supplier said gadolinium oxide with tickets now 105,000 yuan / ton can be traded, not with ticket prices at 92,000 yuan / ton in the vicinity, while other local suppliers, although there are also slightly adjusted the prices, but remained at 110,000 yuan / ton. Praseodymium, neodymium, erbium oxide such as quotations downward adjustment in less than five thousand dollars a basic / ton, suppliers profits further compressed, generally reflect the difficult business environment.

This week lanthanum, cerium products prices are low volatility, oxides aspects quote last week was still 1.5 yuan / ton or higher partial cargo operators who offer this week, appeared slightly downward. Week to Baotou Rare Earth Cerium oxide trading off the exchange, sometimes without quotes, when the downward price trend is more obvious, yesterday's closing price of 17.4 yuan has moved from Monday / kg fell to 16.5 yuan / kg. Lanthanum cerium mixed metal belt ticket prices generally fell current 40,000 yuan / ton, according to this week, with traders understand and dilute associations offer, now lanthanum cerium mixed metal has dropped to 3.5-3.7 yuan / ton nearby, lanthanum, cerium single metal prices have also edged downward trend based.

Praseodymium, neodymium, dysprosium products market, offer strong this week, the situation has continued to decline offer. Baotou region as the supplier of praseodymium neodymium metal is now without a ticket has dropped to 332,000 yuan / ton, while parts of Ganzhou with suppliers to understand, praseodymium, neodymium metal without a ticket is steady at around 33.8-34 yuan / ton , with tickets aspects have Ganzhou supplier said prices have dropped to 380,000 yuan / ton, but also Ganzhou, Jiangsu suppliers offer is still 390,000 yuan / ton situation. Dysprosium class production market, dysprosium low prices at around 1.4 million yuan / ton, the very high price of 143-145 yuan / ton. Individual traders holding cost is still high, even at the present high price of 1.45 million shipments also lost a lot, so temporarily watching the market, wait for shipping time.

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Ukraine Crisis Pushing Russia to Form Rare Earths Alliance with China

Details: Category: Rare Earth News; Published on Thursday, 18 September 2014 14:47; Written by jwy; Hits: 1248

In 1986, Deng Xiaoping, launched the “863 program”, aimed to gain control of the rare earths market in the sector saying: “The Arab countries have oil, China has rare earths.” The 15 “rare elements” along with yttrium, scandium (‘15+2’), have the characteristic of retaining a strong magnetic property, resistant even at high temperatures. They are essential for the production of hard drives, satellites, lasers, digital cameras, wind turbines, fluorescent lights, electric motors, hybrid, mobile phones, guided projectiles, new generation radar and many other items that are of special military interest. In truth, these elements are not as “rare” as the name would suggest, but, their extraction and treatment requires expensive technology, because these elements are not found in nature in its pure state and they must be refined. Their abundance betrays the fact that most are found in deposits at low concentration, making it economically unwise to extract. China is the country with the largest reserves of rare metals (between 35 and 45%) and, since 1986, has made the greatest effort to support technological research in the field. Taking advantage of the significant economies of scale, low labor costs and minimal regulatory impediments, it has been able to optimize the supply chain in order to offer prices that have eliminated all competitors. Russia has the largest reserves after China – about 20% of the world’s known reserves – but recently there have been new discoveries in the region of Murmansk and the Kola Peninsula. In addition, while the known North American, South African, Australians, Indian and Brazilian rare earth deposits do not ensure a supply of the full range of “15 + 2″, it is virtually certain that the Russian deposits would be able to provide the entire series.

Russia has every incentive to exploit these resources and the recent tensions with the West and NATO over Ukraine, have generated even more interest, given their demand in industrialized countries and their importance to military technology. And, in fact, the fall in the supply of China (which has been discussed extensively in InvestorIntel) has left Russia a serendipitous opportunity to enter the rare earths market. In late 2013, the IST group, founded by Aleksandr Nesis, has formed a joint venture with the state-owned company Rostekh, and a large investment fund in order to invest at least a billion dollars, by 2018, to exploit of an area of about 250 square kilometers in the Yacuzia region in hopes of expectation of extracting 154 million tons of elements such as yttrium, niobium, scandium and terbium. The plant is expected to be finished by 2017, to enter into full swing only in the following year. ICT’s plans have gained stronger momentum as a result of the tensions resulting from the political and military crisis in Ukraine. The United States has never quite warmed up to the EU’s reliance on Russia for gas supplies (and for capital), always finding ways to disrupt the South Stream project – a pipeline bringing Russian to Europe via Bulgaria, avoiding Ukraine).

The IST rare earths supply from Russia would clearly tempt the EU in the same way that Russian gas has been doing with South Stream, promoting closer ties between many existing and potential NATO members and Russia – a perspective that most American foreign policy makers, especially on the neo-conservative side, regard with concern if not horror. If Russia cannot consider the EU as a reliable market because of geopolitics (European industrial powers needing rare earths will be hard pressed to promote sanctions against Russia), Moscow can still such outlets as Japan and the BRICS (Brazil, Russia, India, China, South Africa). Taking a page from the potash industry, where Russia had an alliance and pricing cartel mechanism with neighbor Belarus, Russian rare earth producers could establish a rare earths cartel of convenience with China. Last May, Russia and China (which are already linked by the “Shanghai Pact”) decided to increase their gas trade. A Sino-Russian rare earths cartel would be far more powerful than the gas one, being able to dictate world prices. Secondly, Russia could obtain the technology required to undertake a cost-effective exploitation of its resources. China, would gain deeper trade penetration toward Western Europe linking it to Germany more directly, potentially weakening the links with the United States. China and Russia would also have all the materials needed to expand their military, thanks to the materials to advance new generation weapons from lasers to drones.

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RE bad short-term price is difficult to boost demand

Details: Category: Rare Earth News; Published on Thursday, 18 September 2014 15:53; Written by HJF; Hits: 2270

Today, the majority of the rare earth market prices low steady, the market was light. Because many businesses that trend this year compared to previous years is very rare dull, although the market is poor, low price, still hoping before the end of the industry can be a big turn bring prices increased significantly. Although with standardized and improved market supply of rare earth materials, rare earth prices are expected to post steady rise, but at least for now, the market still shows weakness related applications, rare earth raw material prices continue to place downward pressure shocks or still great.

Now for some upside profit businesses offer a smooth generally choose to wait and see in terms of the market. After some companies now understand that in recent years the country has been in the promotion of new production processes, but also unable to fully promote the short term, but once the market application, the short term will increase production costs, prices still have a chance.

Market transactions, according to some traders said the recent Ganzhou region out of the 10 tons of lanthanum, cerium metal, the price has dropped to 32,000 yuan without a ticket / ton. Other stock products such as cerium, praseodymium, neodymium, europium oxide, etc., are not large volume. According to Jiangxi, Shanghai and other places of suppliers said that the recent sluggishness, europium oxide, yttrium oxide poor market, shipping difficulties, such as yttria offer 40,000 somethings still well out of the market without europium oxide ticket prices fell to about 2100 yuan / kg, such a low price is still untold has bottomed.

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Ganzhou Rare Earth strengthen the development and utilization of integrated pilot, implementation supervision and management

Details: Category: Rare Earth News; Published on Wednesday, 17 September 2014 14:08; Written by HJF; Hits: 2268

In order to better promote the development and utilization of RE integrated pilot work, Ganzhou has recently introduced measures to further strengthen the supervision and management of the project implementation.

First, strengthen organization and leadership. Prospective evaluation of rare earth projects around the rare earth utilization projects, rare earth mine geological environment governance and large geological disaster prevention projects, supervise the implementation of the project implementation and technical support work, to further clarify the project location (county, city, district) people's government, the main project units, project implementation oversight group, Ganzhou rare Earth Mining Co., the division of responsibilities project technical support expert groups.

Second is to strengthen project management. Around the project budget and final accounts, capital assets, procurement and outsourcing of work put forward specific requirements. Adjust the project budget should be in accordance with the relevant provisions of the approval, the annual project task is completed, the project implementation of the main unit should prepare a project report on the accounts and by the implementation of the project to review by the Office of the Leading Group in accordance with relevant regulations. Project implementation unit should establish a special financial accounting, assurance earmarking. The project implementation process auxiliary work content required entrust other units assumed, must project implementation work leading group office for approval.

The third is to strengthen project oversight. Implement a monthly schedule, quarterly inspection, project management year-end assessment, requiring the pilot project implementation units work according to the annual overall goal of the task, project timing schedule to determine the period of the task, the monthly progress of the work, there is a problem and the next step implementation of the project work plan in writing to the Office of the Leading Group report, the Office of the Leading Group on the principle of scheduling will be held once a month to ensure the progress of the project. At the same time called for the strengthening project publicity, and people take the initiative to accept social supervision, strengthening oversight of construction, the implementation of technical guidance, strict inspection management, records management, improve the system, clear reporting matters and other matters important content.

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