China's export of rare earth minerals remains sluggish due to declining demand.

In January, the country shipped 1,092 tonnes of the minerals which was 38% less than in 2012 during the same month, according to government data.

Other exported rare earth processed products totalled 2,866 tonnes, down 22% year-on-year. Traditional processed products accounted for 5,112 tonnes.

Chinese authorities said they will allow exports of 15,499 tonnes of rare earth resources in the first six months of this year. Additionally, they plan to stabilize the country's rare earths export policy during 2013.

As a result of these restrictions, China's export volume is likely to follow a downward trend.

State-owned rare earth producers will not adopt a price-cutting policy so the amount of legal exports will be reduced.

Government officials said the export quota policy could not be lifted as they would not provide a sustainable and viable climate for the country's rare earth industry.

                              


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"Rare earth prices fall too low, and the development of the industry is extremely unfavorable. Member of the National Committee of the Chinese People's Political Consultative Conference, Central Iron and Steel Research Institute deputy chief engineer Li Wei in an interview with reporters, issued such a feeling. He hoped to be able to cause the relevant state departments to attach importance to prevent rare earth prices spike.
    
"The so-called rice farm prices are low, this sentence applies equally in the rare earth industry," Li Wei pointed out that the application of rare earth in the emerging industries of strategic and defense industry, is an important manifestation of its strategic value. I understand that, since adjust from August 2011, China's rare earth prices have continued to adjust about 17 months, a decrease of over 80%, the current price of rare earth has been close to or even below the cost line. This price level is not conducive to the development of the industry is not conducive to the rational development and utilization of valuable rare earth resources.
    
The rare earth industry chain is longer, to the device from the concentrates of rare earth, rare earth salts, rare earth oxides, rare earth new materials, devices, complex products. Moreover, the more downstream more dispersed, each grade the degree of dispersion is increased exponentially, a very broad area of influence and lead the industry.
    
At present, the mainstream of rare earth new materials including magnetic materials, hydrogen storage materials, luminescent materials, catalytic materials and polishing materials, and application areas are strategic and emerging industries of our country.
    
The development of rare earth resources and materials related to the restructuring and upgrading of the structure of China's overall industrial strategy, but also related to the enhancement of national competitiveness. Li Wei pointed out that the soaring rare earth prices will affect the smooth development of the industry, the impact of frequency conversion motor, magnetic resonance imaging and other high-end equipment manufacturing industry, and now the price collapse would affect the sustainable development of the rare earth industry. For this reason, it is recommended that the relevant state departments of this attention, and take effective measures to improve industrial concentration, and other means to strengthen guidance and governance.

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China is rich in rare earth resources, which account for 23% of the world and supply with more than 90% to it. China has made a great contribution in this regard. However, it brings a series of problems at the same time, such as ruining the resources and polluting the environment, which is not consistent with the scientific concept of development and also, not sustainable.

Li Yizhong, the member of the CPPCC and also the former Minister of Industry and infomationization Department, believed that China is undoubtedly responsible for rectifing the rare earth industry, the abuse and indiscriminate digging of the resources, as well as rectifing the various contradictions in the refinement and usage of rare earth resources. China will continue to firmly integrate the rare earth industry and combine those enterprises of over-abundance, scatter, tiny and indiscrimination into the backbone of the rare earth industry by elimination of outdated, reorganization and merger, which is in line with the practice of the economic laws.


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The rare earth market rumors two days have metal manufacturers to raise prices, Rare Earth the traders also reflect rare earth prices rose slightly. It is understood that most of the traders are still waiting to see, yet to raise its offer, most of the rare earth product prices steady.

Traders reflect Baotou lanthanum, cerium oxide prices slightly raised, a small range. Lanthanum oxide, cerium oxide tax price is still 40,000 yuan / ton. The praseodymium oxide market offer slightly improved, the traders offer 350,000 yuan / ton rose to 36-38 million / ton, but high turnover is still less. It is understood that the the metal neodymium manufacturers to raise its offer, years ago included reported 420,000 yuan / ton metal neodymium tax reported 440,000 yuan / ton.

Praseodymium, neodymium, gadolinium iron prices are still strong steady, most hold stocks praseodymium neodymium metal tax reported 40 yuan / ton, still holding goods Handelsblatt 395,000 yuan / ton, excluding tax 33.5-34 million / ton, of gadolinium iron tax 160,000 yuan / ton 14 yuan / ton, not including tax. Neodymium oxide, praseodymium market slightly transaction, the market mainstream tax price of 310,000 yuan / ton, excluding tax 26-26.5 yuan / ton, the industry reflects the neodymium oxide, praseodymium tax 320,000 yuan / ton traded turnover of the price surge. The market price of gadolinium oxide is still steady, stable market supply, market tax 135,000 yuan / ton.

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