China rare earth prices or rising again

China rare earth prices may rise again . A few years ago , China has slashed exports of rare earth , rare earth prices once the hurricane so , but after that the basic price of tranquility .

On Tuesday, China 's third-largest producer of rare earths China Nonferrous Metal Industry Co., Ltd. (China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Referred to as: the color of shares ) announced through a private placement to raise funds as part of the funds raised will be used in the Guangdong Province to establish a rare earth oxide processing plant . The latest sign that China 's rare earth industry and promoting the integration of the domestic rare earth processing of high value-added measures are to take effect .

Associated Press

2010-2011 turned over several times between the rare-earth prices , from the unknown a few years ago suddenly become one of the most popular items . This is mainly a result before the Chinese government to set up rare earth export quota of rare earth pricing strive to control more right to speak ; when 95% of the world 's rare earth trade are controlled in the hands of China .

Including 17 kinds of rare earth elements chemically similar , is a very important strategic mineral resources, small to iPhone, large missile systems to be used in the manufacture of high-end products of rare earth .

Although the Chinese government said was mainly due to export restrictions concern for environmental factors , but this raises concerns about end- consumer of rare earth , rare earth prices which soared. For example, for the production of colored glasses and enamels praseodymium oxide prices in the end of 2009 less than 100,000 yuan ( 16,650 U.S. dollars combined ) / ton, but by mid-2011 has soared to more than 1 million yuan / ton. But by this summer , and praseodymium oxide prices fell to 345,000 yuan / ton. Other rare earth trend is also roughly the same . Rare earth prices fell to a certain extent because of rare earth enterprises Western countries , especially Australia's Lynas Corp. Take measures to increase the amount of rare earth mining and processing , thereby weakening China's rare earth pricing influence.

The color of shares on Tuesday that it plans to raise as much as through private placement 1.79 billion yuan , of which 450 million yuan ( $ 73.5 million total ) will be used for the construction of factories in Guangdong , the plant's annual production capacity of rare earth oxides 7,000 tons.

In the color of shares announced the decision of the occasion, analysts generally expect China 's rare earth prices continue to rebound after this summer will further rise, because the electronic parts and other rare earth raw materials for manufacturing enterprises is bound to be more demand . For example , Apple (Apple Inc.) Suppliers may on rare earth there is an urgent need . Apple 's latest iPhone, the first three days of sales have exceeded analyst expectations , reaching 9,000,000 .

Analysts pointed out that the reason why China 's rare earth prices rebounded in July and August , in part because of the country 's fight against the illegal exploitation of rare earth , rare earth prices and partly because of a technical rebound . In addition , the rare earth market demand is also increasing.

Although people on China 's rare earth export quota policy worries , but since the second half of 2008 rare earth export quota policies since the quota has never been exhausted. China Customs Statistics Information Service Center (China Customs Statistics Information Center) Tuesday, citing China 's General Administration of Customs data, said China 's exports in the first eight months of this year, 13,537 tons of rare earth ore , metals and compounds , representing an increase of 62.5% over the same period last year . All businesses this year rare earth export quota of 31,001 tons. Earlier this year, a drop in prices triggered a rare bargains , while Japan's strong demand to support a rebound in the price of rare earth .

North Square Blue Oak rare earth analyst Frank Tang is expected, with the market demand and the rising cost of labor and the environment , the coming months will continue to gradually rise in rare earth prices .

Tang said that despite rising production costs , mining companies are still optimistic that they considered to have the price advantage of Chinese rare earths will continue to be the market, because China 's labor cost is lower than Australia and other producing countries , but also required to comply with environmental protection in China too much like the standard as high as in developed countries .


Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

• < Prev
• Next >