China's rare earth industry is facing "external attack" Challenge

It is understood that the "current production of rare earth industry in China can fully surplus on foreign exploration and development of rare earth mine and continue to achieve results under external attack , the situation of China's rare earth companies is very optimistic. "President Baotou Rare Earth Research Institute Yang Zhanfeng not without concern said.

China Rare Earth Measured Resource once accounted for nearly 90 % of the world 's rare earth industry has developed rapidly , fame . Today, on the middle reaches of China 's rare earth industry , such as the separation of rare earth smelting production areas , alloys , etc. can have serious excess capacity, while at the international level , the United Kingdom , Russia and other major developers have announced the news of rare earth projects , which will allow domestic rare earth companies feel the pressure.

China 's rare earth industry insiders , such as secretary-general of Ma Rongzhang said that at present China rare earth separation smelting enterprises have more than 110 , with an annual capacity of about 300,000 tons , but in 2012 China 's rare earth separation smelting legitimate product yield only 8.2 million tons, nearly years of annual global consumption of rare earth is only about 12 million tons. So accounting down , consolidated operating rate of separation of rare earth smelting enterprises in China is less than 30%.

" stimulated by economic interests , over the past few years, Chinese production of rare earth alloys rapidly expanding , has shown a general overcapacity situation. " Xiamen Tungsten Co., Ltd. President Zhuang Zhigang said.

Although rare on the middle reaches of the enterprise serious excess production capacity , currently China 's rare earth industry around new projects and industrial parks are still large numbers.

" In 2000, the annual output of China NdFeB rare earth permanent magnet materials can only 0.8 million tons, just ten years time , the production capacity will increase 30 times , however , expansion, new projects are still emerging. " Beijing Channel Consulting Co. analyst Chi Wu Chen -hui said.

Since 2010, many parts of China 's rare earth industry in the construction and planning of the park , the National has about 18 rare earth industrial parks, these parks and many more resources for the core extends downstream industries , involving rare earth smelting and separation of rare earth alloy materials production and processing , planning similar , low-level redundant construction of a serious problem .

Although the domestic rare earth industry capacity has been saturated , but affected by the international market factors such as rising prices of rare earth , the United States , Australia, Russia , India, Brazil , Thailand and other countries in recent years have started to recover or start the development of rare earth resources. As these projects come on stream , China 's rare earth industry is facing greater pressure on the operation .

For this internal and external pressures , some industry insiders believe that is not all bad . Zhang Anwen , deputy secretary general of China Society of Rare Earths , said: " Supply pattern changed in favor of Chinese rare earth mine life extension , conducive to the sustainable use of China's rare earth resources . Over the past 20 years, the world's rare earth supply is heavily dependent on China , leading to excessive consumption of China's rare earth resources , illegal exploitation , destruction of the ecological environment issues outstanding. "

Is aware of the crisis and challenges of China 's rare earth industry , has now increased merger and consolidation efforts, initially to build from the Baotou Steel Rare Earth Group , Aluminum Group , Minmetals Group, a group set of resource extraction, smelting and separation, processing applications , R & D as one of the rare earth enterprises.

In the formation of large rare earth group speed , while China will be through environmental review , environmental restoration , resource tax reform and improve industry access policies , mandatory plan to optimize production management , improve relevant laws and regulations and other measures to increase the production capacity of rare earth behind out of efforts to further promote the transformation and upgrading of industrial structure of rare earth .

"Developing the future direction of China 's rare earth industry , the production of high value-added products must be to improve the comprehensive utilization of resources , improve product competitiveness , so as to maintain the advantage. " Marong Zhang said.

The industry believes that the global supply of rare earth diversified pattern is taking shape , China 's share would decline, but the future of China's rare earth dominance in the international market is difficult to shake . Currently RE development projects implemented abroad, mainly the production of light rare earth products , and therefore the future of light rare earth product market competition will become increasingly intense, but China will remain dominant in the supply of heavy rare earth products .


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