China controls 97% of the world's rare earth supply. Over the past four months, international prices of rare earth doubled. U.S. companies and politicians worry let headquartered in Colorado mining company Molycorp (Molycorp Minerals) have a more intense sense of urgency, ready to California Mountain Pass rare earth mine into full production.

Japan announced in Washington with the U.S. Department of Energy, the European Commission jointly organized a two-day seminar to discuss how to stabilize the supply of rare earth indispensable high-tech products manufacturing.

America, Europe and China Rare Earth tripartite v. re-escalation of trade disputes, the World Trade Organization (WTO) released a report on its Web site Monday, said the organization was established expert on Chinese rare earth export policy investigation.

United States and Europe tripartite recourse to the WTO dispute settlement body, said China for rare earths, tungsten, molybdenum export restrictions violate WTO rules and China's WTO accession protocol specifically including export quotas, export licenses and export price measures proposed to China request for consultations, the parties held a formal consultation on this but failed to reach agreement on related issues.

Japanese Prime Minister Naoto Kan and U.S. President Barack Obama at the APEC summit held in Yokohama during the informal meeting held talks, both sides agreed to carry out, including rare earths, including the use of clean energy technology cooperation.

Rare earth prices continued to fall since countries have launched programs to boost market confidence purchasing and storage, Qilu Securities analyst Yan Lei believes that the emergence of a rare-earth prices or stage a rebound, but still depends on the intensity and persistence of downstream demand.

Europe and other countries on bauxite and other 9 kinds of raw materials to obtain WTO ruling proceedings, they exhibit the same measures to be taken against the intent of rare earth, but from the United States and Japan filed a lawsuit to make the final WTO ruling, and subject to very long time, in the process, China could take quick measures to make the development of rare earth industry more conducive to environmental protection and resource conservation, it is expected that the impact of litigation on the rare earth enterprises weak.

China exports large quantities of earth, and now China with 36.4% of the reserves bear more than 90% of global supply of rare earth, rare earth for the world market supply and stability has made a great contribution.

At present, most enterprises have been discontinued rare earth, rare earth manufacturers offer remained stable.Inventory of goods do not want to sell. Rare on the market continued to decrease in the case of inventory, making the future of rare earth prices have bottomed up possibilities.

Reporters informed of the latest , Ganzhou ionic rare earth ore prices generally rose sharply in November , the price increases were about 20%. Among them, the yttrium europium -rich ore prices have climbed to 215,000 / ton , or up to 26.5% .

It is understood that rare earth ions are mainly distributed in Jiangxi, Guangdong , Fujian, Guangxi, Hunan and other provinces , is the world, the main source of heavy rare earths . In hailed as "rare earth kingdom" Jiangxi Ganzhou , prospective reserves of rare earth ore ionic ionic mineral reserves accounted for about 50% , ranking first in its type yttrium rich heavy rare earth mineral resources unique to the world .

" With the new energy, new materials, environmental protection , aerospace, electronic information and other related areas of strategic emerging industries increasingly widespread application of rare earth has become a key strategic emerging industries essential raw materials, demand for space is broad. " Ganzhou City Industry and Information Commission responsible person that the increasing demand , the recent price increases of the main factors of rare earth . Also from one side to show the development of rare earth industry is gradually warmed up.


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