Multiple supply situation caused by a drop in price Inner Mongolia Rare Earth Export Growth

Hohhot Customs announced on the 19th, in February 2015, Inner Mongolia increase in volume and a drop in price of rare earth exports, export 660 tons, an increase of about 30% over last year (below), but the average export price fell by half. China is the world's most abundant rare earth resources in the country. Inner Mongolia is China's "Rare Earth province." Especially located in Baotou Bayan Obo iron, niobium, rare earth deposits in symbiosis, not only rare earth reserves in the world, and high REE contents, many kinds of great industrial value.

According to Hohhot Customs data show that in February 2015, 660.8 tons of rare earth export Inner Mongolia, an increase of 30.8% over last year; the value of 23.731 million yuan, down 35.7 percent; the average export price of 36,000 yuan per ton, down 50.7%. It is understood that the United States is the main export market for rare earths, Inner Mongolia, exports to Japan have increased slightly. Where ninety percent of exports from the big city of Baotou Rare Earth. Hohhot Customs noted that the global supply of rare earth diversified horizon, other rare earth resources in the country except China will resume rare earth mining and smelting. 37 countries and regions, 261 companies have launched or brewing 429 RE projects in 2013 to form a production capacity of 55,000 tons, is expected to reach 170,000 tons in 2015.

Hohhot Customs also said that if the foreign project into production as planned, the world's rare earth supply from China single supply situation gradually changed the pattern of diversified supply China, the US, Australia and other countries. It is estimated that 30% of foreign projects by computing capacity, the next two years, China's rare earth smelting products or global market share will decline to 65 percent in 2015, the absolute number dropped to 105,000 tons, the world's rare earth production at about 16 million tons.


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