Athens, AFP (Agence France Press) news: Greece, in which there is a considerable number of rare earth deposits, has received a Chinese delegation to discuss cooperation on Tuesday. Greek media reported that there are two exploration programs of rare earth at present,one is at sea, the other is on land.

Greek Environment Minister on Tuesday met with Chinese officials and entrepreneurs, and they talked about the cooperation between the two countries on exploration and production of rare earth metals. China has more than thirty-five percent of rare earth resources in the world. The EU enterprises have to import 14 kinds of strategic metals from China. Development of rare earth metals in Europe meet strict environment protection standards. Greece's mining industry accounts for three to five percent of gross domestic product value.

Greece is one of five European countries who have the reserves of rare earth metals and mineral. The other four countries are Sweden, Finland, Norway and Denmark. It is reported that there are rare earth resources which are worthy of 40 billion euros in Greek soil. Greek journalists said Chinese investors who are interested in Greek mine have agreed to cooperate in the level of science and technology, China has indicated that it will take advantage of these minerals in the future.

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Reporters learned from Hohhot Customs, the export volume and price of rare earth in Inner Mongolia Autonomous Region have been down from Jan. to Aug. in 2014.  

China has the most abundant rare earth resources all over the world. Inner Mongolia is "rare earth province" in China. Especially Baiyun Obo located in Baotou, not only rare earth reserves than any other city in the world, and a high content of rare earth elements, and most variety, has an important industrial value.

According to Hohhot Customs' material, from Jan. to Aug. in 2014, the export volume of rare earth is around 2770.2 tons, down by 18.3% year on year. And the price reachs to 130 million yuan, down by 45.8%, and the average price is 45000 yuan per ton, down by 34.8%.

Some experts pointed out that the rare earth catalytic materials high-tech, high demand, large-scale production benefits are obvious, there is room for growth in the development.

Zhang Anwen, deputy secretary general of China Society of Rare Earths, said the application of rare earth in the petrochemical industry is mainly catalytic cracker, used to improve the activity and stability of the catalyst to improve the conversion rate of cracking feedstock, increasing the yield of gasoline and diesel. In our country as an example, about 80% of the finished catalytic cracking unit produced by diesel.

The catalyst used in the production process of catalytic cracking, high technology, research and development costs are very expensive, the demand for large-scale production efficiency is high. Currently, the global research and development production of these catalysts are mainly concentrated in the hands of a few large companies. China's production of similar catalysts, one performance gap, the second is a large gap between production equipment, such as the size of the foreign catalyst plant single sets of production equipment can reach 50,000 tons per year, domestic production capacity is currently only a single set of devices in 2.5 ten thousand tons to 3.3 million tonnes.

Zhang Anwen said that the long-term perspective, the development of rare earth catalytic materials have increased space, suggested the country was prepared to increase the technological development of high-performance rare earth complex catalytic materials, and equipment to improve production levels, thus contributing to enhance the expansion of application fields and levels of rare earth catalysts.


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10000 tons of rare earth reserves in Ganzhou officially began on Sep. 16. Ganzhou Rare Earth Mining Co, Ltd. stated that the activity has already began as State Reserve Bureau (SRB) started to deliver rare earth, meanwhile it will be finished by Minmetals Rare Earth (000831 SZ), China Rare Earth Company, China Nonferro Metal Co, Ltd (000758.SZ), Baotou Steel Company (600111.SH), Guangsheng Rare Earth and Ganzhou Rare Earth Mining Co, Ltd..

These people said that the state reserves have been completed bidding in July 31, and the amount of national reserve has reached to 10000 tons, besides, the commercial reserves of these enterprises have increased by 3000 tons, and all will be arrived by the end of this year.  

Rare earth market has continued to be weak since the beginning of this year, the prices of rare earth minerals and rare earth products remain low, which has been changing in September. Data from Ganzhou Association of Rare Earth Industry shows that rare earth price has been improved in September. Otherwise, industry analysts said 2013 rare earths reserve unsold, has been delayed until now, in addition there is no specific results in controlling fault rare earth, rare earth market also need to see the market performance in October.

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