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NFC 7,000 Mt/Yr Rare Earth Separation Project Approved by NDRC

Details: Category: Rare Earth News; Published on Thursday, 09 May 2013 08:40; Written by Yuri; Hits: 2122

NFC Southern Rare Earth (Xinfeng) Company’s rare earth separation project was approved by the NDRC.

The project will be constructed in Huilong Town, Xinfeng County, Shaoguan city, Guangdong, and use mature cascade extraction separation technology to produce rare earth oxide. The rare earth separation project will have a capacity of 7,000 mt/yr, and produce 6,531.7 mt of rare earth oxide. It was invested RMB 612 million, with capital fund of RMB 300 million, which accounts for 49% of total investments. The capital needed will be raised by NFC Southern Rare Earth itself, and the remainder non-capital fund will be provided by bank loans. The company stated it will accelerate the construction of the project according to related regulations by central and local governments.

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Ganzhou Makes Strides in Rare Earth Consolidation

Details: Category: Rare Earth News; Published on Thursday, 09 May 2013 08:32; Written by Yuri; Hits: 2066

Baotou is rich in light rare earth reserves, while Ganzhou, Jiangxi province is the largest medium-to-heavy rare earth producing region in the world.

Ganzhou has made great strides in rare earth consolidation.

Meanwhile, Ganzhou still needs to enhance consolidation of rare earth smelting and separation. With regard to industry consolidation and building large rare earth groups, further cooperation between local governments, SOEs and local capital is demanded.

Rare earth enterprises including China Minmetals, Chalco, Inner Mongolia Baotou Steel Rare-earth and Guangdong Rising Nonferrous Metals all want to gain market shares of in ion-absorbing type rare earth in Ganzhou.

China Minmetals is the most powerful rare earth enterprise of all mentioned above.

Minmetals purchased Dingnan Dahua and Ganxian Hongjin in 2008, which are domestic largest and most advanced ion-absorbing type rare earth enterprises and produce the products with most stable quality, so as to form China Minmetals Rare Earth Company. Its rare earth separation and smelting capacity reached 9,000 mt/yr, with the capacity of Dingnan Dahua and Ganxian Hongjin 4,400 mt/yr and 4,600 mt/yr, respectively.

A number of large rare earth groups will be constructed this year.

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Australian Rare Earth Miner Lynas Soars On Malaysian Election Win

Details: Category: Rare Earth News; Published on Tuesday, 07 May 2013 13:43; Written by Yuri; Hits: 2076

Malaysian stocks got off to a racing start Monday after the ruling coalition secured another term in office by a narrow margin. The result removed the risk of an opposition victory or a hung parliament that would have tested the country’s democratic institutions. Malaysia’s currency rose to a 22-month high on the news; stocks rose 7% in early trading. Government-backed companies led the index higher. But the most dramatic market reaction came in Sydney where investors piled into miner Lynas Corp., which has built a rare earth refinery in Malaysia in the face of local opposition. Opposition candidates had promised to reexamine the mining license. Now it seems that the $800 million plant in Kuantan, which opened in February, should have a smoother run. Shares in Lynas rose 15% to A$0.57.

Lynas stock got a boost in March when a court in Malaysia threw out a lawsuit by environmentalists. But the looming election kept the company on edge, given the support from opposition candidates for the anti-mine campaign. Lynas says that the mine’s impact will be limited and that it has complied with Malaysia’s conservation laws. China is the largest producer of rare earth metals and has imposed export quotas in past years, stoking interest in a diversification of supply. The Lynas plant in Malaysia was approved last November after a lengthy approval process.

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China Says Illegal Rare Earth Production, Smuggling Still Rife

Details: Category: Rare Earth News; Published on Tuesday, 07 May 2013 13:49; Written by Yuri; Hits: 2031

Illegal production and smuggling still dog China's rare earth industry despite a long campaign to clean up the sector, contributing to a supply glut that has depressed global prices, a senior industry official said on Friday.

"Problems in the rare earth industry that have accumulated over the long-term have still not been fundamentally resolved," Su Bo, vice-minister of industry, said in comments published on the ministry's website .

"Unplanned exploitation and production of rare earths has affected the normal workings of the market, and illegally-produced rare earth products have reached downstream consumers through a variety of channels or been smuggled abroad, leading to a continuous decline in prices," he said.

China, which supplied 97 per cent of the world's rare earths, used in products from computers to wind turbines, launched a nationwide campaign in 2010 to "rectify" the chaotic and ill-regulated sector to curb severe environmental damage.

It reduced domestic output and shut hundreds of small and unlicensed miners, processors and traders, leading to a fourfold spike in export prices and complaints from buyers in Europe, Japan and the United States.

The crackdown has strengthened the position of giant state-backed firms in the industry.

Su said the top 10 rare earth producers, including Minmetals, Chalco and Baotou Rare Earth, now control 99 per cent of official national output. They also control 61.5 per cent of the country's separation capacity, where material is separated out into individual rare earth ores.

Rare earth prices hit record levels in 2011 but have since slumped, largely as a result of the global economic slowdown, including weaker growth in China, according to Western buyers.

China sold just 16,800 tonnes of rare earths in 2012, lower than the permitted quota of 24,000 tonnes, Su said.

He gave no indication of the current size of illegal production, but earlier government estimates have suggested that as much as 40,000 tonnes of rare earths have reached the domestic and export market illegally in previous years.

Su said demand was expected to recover, with the supplies of scarcer heavy rare earths likely to get tighter.

Other countries have ramped up production of rare earths in response to China's export quotas, including the United States and Australia, but China remains the dominant producer.

Su added that while China needed to continue to restructure the sector and prevent oversupply, it should not impose"excessive controls" over the production of light rare earths and thereby lose market share.

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China Rare Earth Consolidation Route Map

Details: Category: Rare Earth News; Published on Tuesday, 07 May 2013 08:33; Written by Yuri; Hits: 2066

The China Times reported that the MIIT is now making plans for pushing the rare earth consolidation. But no details and precise timing of the plan was released.

Nevertheless, Guangdong Rare Earth Industry Group and Chalco may play the most important part in the rare earth consolidation. Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Company is now developing into Gansu, Shandong and Sichuan after integrating resources in Inner Mongolia.

A person from the MIIT familiar with the issue reported the leadership is in favor of building local rare earth groups, which pushed the formation of regional rare earth economies.

Distribution Features of China Rare Earth

Distribution Imbalance
Light rare earth ore mainly distributes in north China regions such as Baotou, Inner Mongolia and Liangshan, Sichuan, while ion-absorbing type medium and heavy rare earth ore mainly distributes in Ganzhou, Jiangxi and Long'an, Fujian.

Various Categories
Rare earth ore categories include bastnaesite, monazite, ion-absorbing ore, xenotime and fergusonite, with ion-absorbing type medium and heavy rare earth ore very important.

Light Rare Earth Ore-Associated Radioactive Element Effects Environment Significantly
Light rare earth ore can be explored in large amounts, but the treatment of radioactive element such as thorium is very difficult, which will significantly affect people's health and environment.

Ion-absorbing Type Medium and Heavy Rare Earth Ore Hard to Explore
Ion-absorbing type medium and heavy rare earth ore is adsorbed in the earth in the form of ion, and is dispersed and difficult to exploit.

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