Canada has signed a purchase rare Brazilian Mata Azul mine rare earth concentrates agreement. Currently, Mata Azul mining rights owned by Mineracao Mata Azul companies.
   
According to the agreement, Canada has the right to purchase all rare earth concentrates Mata Azul mine production, the price for the base price plus a percentage of the difference between the reserve price and the fair market value. Agreement is valid for 20 years, and under certain circumstances may be automatically extended.
   
Rare Earth Company chairman and CEO of Canada says Tracy: "Mata Azul mine production to meet the needs of rare earth concentrates a large smelting separation plant in Brazil, but also gives us create multiple refinery important place in the global business strategy favorable conditions the company is currently working with several potential investors to conduct in-depth financing negotiations to establish production capacity in Brazil, 10,000 tons of smelter whether negotiations with these investors are successful, the company believes there is potential to do to protect the long-term supply of rare earth concentrates will lead to the end user or other traditional commercial banks are willing to provide project funding once to obtain financing, and concentrator built, Mata Azul project will we propose the construction of large-scale long-term operation of the smelter, the production of rare earth oxides to provide low-cost high-grade rare-earth concentrate raw material. "

 

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Despite China's continued fight against rare black industry chain, but the current price slump rare phenomenon has not been significantly improved. An unnamed rare earth industry experts said on Monday that many ministries to promote RE hitting on reforming trade order is good, but did not see the industry effectively improved, in fact, strong accountability to combat rare black chain composed of local interest impact on local only negative with heart reluctant.

Since the second half, the Ministry reiterated to focus on the fight against black interests of the chain of illegal production of rare earth behind, and in the whole society launched a Reward black production activities around the rare earth invoices, commercial administrative departments to strengthen auditing and accelerate rare earth mine fence construction, with the judiciary to crack down on illegal mining and processing aspects of behavior, launch parties unified action.

Inspector of the Ministry of Industry and Raw Materials Division, National Office Director Jia Yinsong RE has said that this year's focus on the implementation of the accountability system of rare earth hitting, the intensity will be greater than in previous years.

At present, anti-smuggling across the rare earth has gradually expanded, Guangdong, Hunan, Jiangxi and other provinces have been investigated more than rare cases of irregularities. According to published news reports, the cumulative investigate suspected violations of about 7,000 tons of rare earth.

Jiangsu Rare Earth Industry Association, an expert on the great wisdom news agency said that at present there is no rare hitting aspects of Jiangsu Province message.

Jiangsu, Jiangxi and more companies and industry associations insiders of great wisdom news agency said that although anti gradually, but companies are still "no direction", remained weak end demand for rare earths.

Compared with the rare earth industry, rampant black South China Light Baotou Rare Earth Resources relatively concentrated market conditions are improving. Rare-Earth Day executives Zhang Hui September 26 exchange activities among investors, said the recent rare black production problems have eased significantly.

With rare hitting, the formation of large groups, such as rare earth force policy portfolio, as well as downstream businesses replenishment demand is expected, rare earth prices are expected to bottom out, light rare earths is expected to take the lead in presenting "volume and price go" situation, but the turning point when there is no clear signal.

 

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Recently, rare earth permanent magnet 23rd International Conference held in Annapolis, Maryland General Assembly, Yang Chang Academy of Peking University and other three scientists from Britain, Japan and the United States presented the Outstanding Achievement Award, in recognition of their long exploration development of new rare earth permanent magnet material has made outstanding contributions.

It is understood that Yang Chang combine the characteristics of the country's resources, a new phase in the exploration of rare earth alloy, revealing new effect, opening up new applications made ​​a series of leading international results.

In addition, this session was a vote to decide the 25th International Conference held in Beijing rare earth permanent magnet in 2018, Honorary Chairman Yang Chang for the Assembly elections.
 

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Today, many of the rare earth market businesses said they did not adjust the price, because the upcoming holiday, and more cargo hold wait until after the holiday look.

After a two-day National Day in previous years the general market uncertainty, no offer on the market, offer steady or businesses primarily see attitude, but businesses continue to come back after the National Day rework is completed, the price will decline in the stock market, small holiday last year to 11 month, the price decline praseodymium neodymium metal have 2-3 million / ton. Praseodymium, neodymium metal prices earlier this year, when the lowest level in about 380,000 yuan / ton, now traded on the market price has dropped substantially or slightly below this level 1-2 thousand Yuan / ton, many suppliers are reflected in the business deserted , less profit, the bottom half is gradually emerging, or at least has been gradually approaching the bottom. Although there are many businesses still bearish outlook, but if last year's June 32, 33 yuan / ton such a low price is more difficult to appear. Many other rare varieties of price decline has been great, the latter becoming narrower decline slowed down speed greater possibilities.

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