According to the latest survey, rare earth prices continued to fall during the past week with market demand depressed.
 
Prices were RMB 29,500/mt for lanthanum oxide, RMB 28,000/mt for cerium oxide, RMB 355,000/mt for praseodymium oxide, RMB 255,000/mt for neodymium oxide, RMB 260,000/mt for didymium oxide, RMB 3,500/kg for europium oxide, RMB 1,100/kg for dysprosium oxide, RMB 120,500/mt for gadolinium oxide, RMB 52,500/mt for cerium misch metal, RMB 345,000/mt for praseodymium-neodymium alloy and RMB 1,200,000/mt for dysprosium-iron alloy.
 
Rare earth market remained weak last week with prices falling further. Most sellers reported difficulty selling goods and were bearish to market outlook. Trading was still light.
 
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Ganzhou rare earth industry development and regulation policy seminar was held in Jiangxi University of Science and Technology (JUST ) on May 27. Ganzhou Deputy Mayor Chang Guowu and Vice President of JUST Luo Sihai attended the meeting and addressed. The meeting was hosted by Deputy Secretary General and Director-General of the General Office Xue Youchang and Chen Shixian, Secretary of Party Committee of the Commission of Industry and Information Technology of Ganzhou City.

Ganzhou Minerals Resource Management Bureau, Longnan County government, Xinfeng County government, Ganzhou Development and Reform Commission, Ganzhou Local Taxation Bureau, Environmental Protection Office, relevant magener of Ganzhou Forestry Administration, Ganzhou Rare Earth Group, JLMAG RARE-EARTH CO., LTD (JLMAG), JiangXi Illuma Fluorescent Materials, Ganzhou Qiandong Rare Earth Group, Ganzhou Chenguang Rare Earth New Materials, Jiangxi South Rare Earth Hi-tech Company, China University of Geosciences, Yanshan University and related leadership and experts attended the meeting.

Luo Sihai presented JUST's achievements in the cultivation of talents, and getting approval of national rare earth engineering and technological research center, and also illustrated the backdrop and target of the seminar. He reported the university is domestic first high school with rare earth engineering course of bachelor degree, which owns high standard rare earth research platform, and massive experience in rare earth study. The meeting will discuss the China Rare Earth Strategic Development and Export Industry Policy Research to give policy support to the healthy and sustainable development.

Chang Guowu affirmed the university's power. He suggested the research needs to assess national existing policies, adjusting the program timely according to current situations and the change of domestic and overseas demand. The research program should be focused in Ganzhou, and the policies should be operational. The policy should also be in line with international regulations.

Experts discussed and gave precious suggestions in the effects of national regulations on Ganzhou rare earth industry, problems in Ganzhou rare earth consolidation, how to reform tax to boost Ganzhou rare earth industry development and how Ganzhou government should cope with changes in international rare earth market.

The China Rare Earth Strategic Development and Export Industry Policy Research program is mainly operated by Professor Ye Rensun of JUST.


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Demand for rare earth has been sluggish since the start of 2013, with severe overcapacity. Only demand for the widely-used praseodymium-neodymium alloy improved, but transactions were also quiet, with prices of other rare earth categories on the downward track.

Shanghai Rare Earth Industry Expected to Double
Shanghai Rare Earth Industry Association was founded on May 28. Shanghai rare earth industry has been growing rapidly, with the industry output value increasing from RMB 2.52 billion at the end of the 10th Five-Year Plan period, to RMB 5.05 billion at the end of the 11th Five-Year Plan period.

Guangdong to Invest in Aluminum and Rare Earth Projects in Inner Mongolia
The Inner Mongolia & Guangdong Technology Cooperation Week was held in the Baiyun International Meeting Center last week. Inner Mongolia collected 342 projects cooperating with Guangdong, covering steel, equipment manufacturing, aluminum, power and rare earth industries.

Indicators of Nine Ore Categories to be Finished
The recovery rate, recycling rate and integrate utilization rate are minimum requirements for mines. China will continue to study the three rates of nine ore categories including oil and gas, iron, copper, lead, zinc, fluorite, rare earth and sylvite, with the indicators of iron, copper, lead and zinc completed in late May, and the indicators of fluorite and rare earth finished in late June, and those for sylvite expected to be completed in late July.

MLR Delegates Mineral Resources Exploration Examination and Approval Authority
The Ministry of Land and Resources Geological Survey Department Deputy Director, Mineral Exploration Office Deputy Director Yu Haifeng revealed that the MLR is considering delegating examination and approval authority of mineral resources exploration to local governments.


Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
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Shanghai Rare Earth Industry Association was founded on May 28. Shanghai rare earth industry has been growing rapidly, with the industry output value increasing from RMB 2.52 billion at the end of the 10th Five-Year Plan period, to RMB 5.05 billion at the end of the 11th Five-Year Plan period.

Shanghai rare earth industry is improving its industry structure, developing into rare earth permanent magnetic material, luminescent materials, laser materials, hydrogen storage material, catalytic material, polishing material and biomedical material. High-technology and high value-added rare earth products are leading products.

Global rare earth demand by 2015 is expected to reach 210,000 mt, with domestic demand of 138,000 mt. Rare earth industry value in Shanghai will reach RMB 10 billion, up 98%.


Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten Picture Center: http://picture.chinatungsten.com
Tungsten Video Center: http://v.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com