Inner Mongolia in 2013 exceeded 5,000 tons of rare earth exports

Details: Category: Rare Earth News; Published on Wednesday, 15 January 2014 10:53; Hits: 530

News from Hohhot Customs showed a significant increase in export volume of rare earth Inner Mongolia Autonomous Region in 2013 , exceeded 5,000 tons, of which nearly 50% are exported to the United States , exports to Japan increased significantly.

Hohhot Customs statistics show that in 2013 the export of rare earth 5065.1 tons in Inner Mongolia , an increase of 52.3 % over the previous year , accounting for 22.7 % of the country 's total exports of rare earth year; worth $ 58,836,000 , a decrease of 26.7% , accounting for 10.2 % of the country 's total exports of rare earths ; the average export price of U.S. $ 12,000 per ton , down 50 %.

Statistics show that in 2013 exports to the U.S. in Inner Mongolia Rare 2527.6 tons , an increase of 10.7 times more than last year , accounting for 49.9% of total exports over the same period in Inner Mongolia Rare Earth ; exports to Japan 893 tons , an increase of 25.3% over the previous year , the total export volume of 17.6 %. The same period , the French export 708 tons , down 63.8% ; Vietnam exported 244.4 tons , an increase of 73.2% ; exports to Italy 221.8 tons , an increase of 2.7 times .

Analysts believe that the recent rare earth prices continued to slump, since November 2013 , although the trend showed a steady rise , but prices are low for the long-term development of upstream and downstream enterprises are present unfavorable factors ; rare earth raw material prices irrational ups and downs of the Chinese Rare Earth New development of materials and even downstream industries such as wind power , energy-saving motors , energy saving lamps , white goods and other areas will have a serious impact .

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