During the two meetings, the member of the National Committee of the Chinese People's Political Consultative Conference, Li Yizhong, Minister of Industry and rare earth is a valuable and scarce mineral resources in the national economy, the defense industry, the state-of-the-art scientific purposes, it is not self-evident. The consolidation of the rare earth industry in China, for resources and environmental protection, some Western countries objection is entirely without justification.

Li Yizhong pointed out that, "eighteen large raised four modernizations simultaneous development, urbanization is on everyone's lips, and the focus of attention. Simply benign interaction with eighteen big words, industrialization and urbanization. Starting industrialization head speaking industrialized prerequisite for urbanization to urbanization create the conditions, laid the foundation. "

Li Yizhong, said rare earth is a valuable, scarce a mineral resources in the national economy, the defense industry, the state-of-the-art scientific purposes, it is not self-evident. China now accounts for about 23% of the world's large reserves, but provides 90 percent of the rare earth, "Comrade Xiaoping once said a word, the Middle East has oil, China has rare earth. Could have been our strengths, but due to various reason, this industry is a lot of confusion, to dig Luancai mining on private. "

Li Yizhong stressed, "We propose the reorganization of the rare earth industry, resource protection, environmental protection, which we should do, does not make sense for some of the objections of the Western countries. Rectify the development of rare earth industry is both a traditional, but also a strategic emerging industries. "

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Recently, Honda took the lead in the global establishment of recycling mechanism of the nickel-hydrogen battery in hybrid vehicles, which means they applied the rare earth they extracted from the the nickel-hydrogen battery of hybrid vehicles as nickel-hydrogen battery materials to practice. In this way, they realized the first cycle of rare earth resources in the world.

Previously, Honda has extracted rare earth oxides from the waste nickel-hydrogen batteries in the factories of Heavy Chemical Industry Corp. in Japan. This time, they did further electrolysis on these oxides and successfully extracted rare earth metals which can be used directly as the material for the anode of nickel-hydrogen battery. Adopting that measure, we can refine out rare earths with its purity up to 90%. The rare earths extracted are the same as those taken from the mines, but the recovery rate of the former rare earth can reach 80% or more.

At the very beginning of March, Heavy Chemical Industry Corp. has already provided Japanese battery factory with this kind of rare earth as materials for anodes of nickel-hydrogen batteries. The rare earth used by this batch of materials came from the nickel-hydrogen batteries of 386 new Honda hybrid vehicles, which can not be used after suffered from the great earthquake in the eastern Japan. From now on, as long as the used nickel-hydrogen batteries are accumulated to a certain amount, Honda will put them all into the same recycling way.

In spite of the nickel-hydrogen batteries, Honda will spare no effort to extract rare earth from all kinds of used materials so as to promote the recycling of rare resources. Later, at the same time as Honda trying his best to develop hybrid cars, he will constantly improve reusing them, recycling mechanism and reduce the pressure of environment of the mobile society.

Honda's nickel-hydrogen battery recycling mechanism:

       
 

Galileo, the emerging African Rare Earth exploration and development company, is pleased to announce the results of a Preliminary Economic Assessment (“PEA”) of its Glenover Rare Earth Project (“Glenover Project or the Project”) in South Africa.

Economic Highlights:
Net Present Value (“NPV”) of US$ 512 million using a rare earth oxide (REO) basket price 2 of US$60.79 per kg of 99% REO and a discount rate of 8%. (NPVs at different rates are set out below e.g. NPV of US$783 million at a discount rate of 5%).
Internal Rate of Return (“IRR”) of 34.5 % for the Project.
REO production of 167,100 t (tonnes) in mixed high-grade REO chemical product over 24-year life of mine (LOM) on current resource estimate.
Ore production rate from 2.7 Mt stockpiles at 400,000 t per year 1 to 7.
Open-pit-mine ore production from 7.1 Mt at 400,000 t per year from year 8.
Waste to ore mine stripping ratio of 2.1 to 1 from year 8.
Initial capital investment US$233M, including a contingency of US$34M but excluding $57M for deferred and sustaining capital.

                                 


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Rare earth prices slight fluctuations this week, mainly light, lanthanum, cerium, yttrium oxide market transaction price down. Praseodymium, neodymium, gadolinium alloys and oxides of market prices remained strong.

The gradual increase in the supply of foreign markets, has also been the resumption of production in the domestic Big Three, small and medium-sized enterprises have been looking for goods shipped in the traditional sales season in March, the market gradually active signs. Deserted February, March, manufacturers and trade slightly busy. No matter the market inquiry how lively, the industry is more than reflect, the market traded just slightly better than February, "high season" yet arrived. As far as we know, the rare earth hold stocks and more depending on the purchases and sales of inventory and the market price of some products, such as the current market oxide, praseodymium, neodymium, gadolinium oxide recent inquiries and procurement increased, the price steady bullish. Of neodymium oxide, erbium, yttrium Inquiries less cargo operators who offer slightly downstream. This week the lanthanum cerium class oxides turnover in general, the transaction price is lower than in February. Oxide, europium, terbium market turnover less stable, offer basic.

Alloy market such as praseodymium, neodymium, gadolinium-ferrous market tax price of basic remain unchanged, and individual cargo operators to raise its offer, and also not too out of the mainstream of the market price, the gadolinium iron prices slightly upstream excluding tax, dysprosium iron prices this week basically stable.
 

Rare Earth Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
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