Short-term remediation lead production capacity of rare earth prices soaring

Long silence scenery of rare earth plate up again, rare earth prices have rocketed news sparked renewed enthusiasm to do more.

Ministry of Industry recently held a national work conference mobilization further increase in mining, smelting separation, environmental protection, import and export order rectification and strengthening the management of the rare earth industry, remediation activities are still mainly against rare earth mine private.

Insiders told reporters, by this action, in part concerns the seller of rare earth rare earth supply, stockpile appear reluctant to sell, resulting in a rapid rebound in the short term prices.

"RE prices rebounded inherent to a reasonable price range needs." China Rare Earth Industry Association Deputy Secretary-General Chen Zhanheng in an interview with reporters, said rare earth prices in the doldrums over the past year, many have been separated smelters unprofitable, or even a loss . Recent affected by various factors, of rare earth price spikes have some element of speculation. "RE prices always fluctuate large, easy to spike."

In fact, rare earth prices have emerged in June rose slightly. Earlier, reporters on the report in early June Ganzhou Rare Earth private campaign against mine learned that some rare earth traders anticipated remediation activities will continue in-depth, choose to watch the market outlook, increased offer.

Chenzhan Heng told reporters that the recent price increases in heavy rare earth oxide, dysprosium prices rose significantly, the highest increase of 70% or more. Dysprosium metal in a larger amount of magnetic material in the wind power, hydropower and other fields versatile, the recent price rise may be related to the downstream industry demand for green energy, but the long term, the emergence of alternative technologies will likely make prices fall.

In fact, rare earth prices have skyrocketed with the national policy. An unnamed industry source told reporters that China will enhance the national strategy of rare earth resources, the implementation of mandatory production plans, and rare earth enterprises assigned to mandatory production plan targets less demand in the downstream (including export) relatively strong circumstances, a certain gap between supply and demand, and thus some criminals lured by profits of private mines dug earth and cause environmental pollution, poaching incidents have occurred. The Ministry of Industry recently launched crackdown, but also strengthen the shortage of rare earth market is expected to form the phenomenon of short-term speculation.

Insiders told reporters that the Ministry of the crackdown will last about three months, in the meantime, the Ministry will likely introduce relevant regulations, promote the formation of rare earth industry to further regulate long-term mechanism.

In addition, China Baotou Rare Earth Industry Forum will be held early next month, the industry is widely expected listed on the first anniversary of the Baotou Rare Earth Products Exchange will likely be officially launched trading rules. Chenzhan Heng said: "The establishment of rare earth exchange will help stabilize the market and curb speculation speculation, the formation of a fair, open and impartial rare earth product prices."


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