In recent years, rare earth products has been in oversupply situation, and there even appeared the price war, which not only led to some product prices falling more than 40%, caused a great deal of pressure on profit margins for products, and forced many of the poor performed corporation into bankruptcy, even if most of the existing enterprises are operated under a very low profit.

According to the analysis of the business communications company in the United States, it seems that the situation reached its lowest point and there's an expectation of reversing this situation. Particularly with the growing of the demand of automobile, computer, consumer electronics products and mobile electronic devices, the application of rare earth, especially in the automobile exhaust catalysts, permanent magnets, and rechargeable batteries will continue to increase. In the next few years, the demand of Neodymium and cerium for permanent magnet and automobile exhaust catalytic converter  will increase in a larger rate. In addition, Ni-MH batteries, medical devices, sensors, dental and surgical lasers will also demand for more rare earth. Magnetic refrigeration will be commercialized and Erbium-doped optical fibers will enter a new round of demand.

Therefore, the U.S. commercial communications company predicted that the global demand for rare earth in the next few years will grow at the speed of  an annual 3.2 percent rate and reach about 90,000 to 100,000 tons. In that time, the world's rare earth output value will reach $ 2 billion.

              


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Local residents, this place is to commence in May and June of last year, refining rare earth. The site area of ​​four or five Shimu, there is a the physical penetration separation pool, chemical reaction pool. The chemical reaction pool inside the acidic liquid such as oxalic acid, not far from the store after the semi-finished rare earth refining. Chemical reaction of the exhaust gas liquids, basically direct emissions, the number of submissions in the downstream red liquid in can be seen everywhere in the drains. Local residents downstream vegetable plot has been contaminated.

It is understood that the rare earth refining process is more complex but also very low content in the ore, rare earth elements belonging to national strategic material, and high prices in the international market, so people have been in order to seek benefits for illegal refining rare earth. Need a lot of water in the rare earth refining process, refining rare earth would choose to water and emissions convenient, near water sources or reservoirs.

Shenzhen University professor in the Department of Chemistry and Applied Chemistry, Zhen said, every attached pole will be used to a large number of solvents, these media requires a lot of water, so it's water consumption is great. Wen said the Professor of the extraction of rare earth has been strict control must be state licensed to carry. Once refining rare earth waste acid, waste, waste without any treatment directly discharged into the water source, will produce a very bad impact on the surrounding environment.

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Learned from the Jiangxi Nonferrous Geological Prospecting Bureau, the council determined prospecting goals this year, year and strive to implement more than 10 medium-sized tungsten ore, copper ore, iron ore, lead and zinc, gold and other mineral exploration were copper, gold , more than 3,300 tons of lead and zinc, chromite, iron ore and other resources, and the transfer of five prospecting and mineral rights transfer income of 200 million yuan.

It is reported that this year the council geological prospecting work of national implementation prospecting breakthrough strategic action and Jiangxi Province, Poyang Lake Ecological Economic Zone, support the Gannan and other former Central Soviet Area revitalization and development of the favorable opportunity, geological prospecting efforts to achieve new breakthroughs in full a dozen more than the years the implementation of the medium-sized tungsten ore, copper ore, iron ore, lead and zinc, gold and other mineral, including: the implementation of large, two extra large tungsten mineral deposits, the implementation of the medium - large copper producer to 2, the implementation of the medium-sized iron ore origin 1 to 2, 2 implementation - large lead-zinc producer, newly discovered large gold Origin 2 to 3 new implementation of a number of independent mineral rights exploration base for the new provincial focus on prospecting a breakthrough District. Large copper-the sulfur gold mine detailed investigation report and submit, verify very large gold mine exploration report each.

Year and strive probe was 32.95 million tons of copper, gold, lead, zinc, chromite, iron ore and other types of mineral resources, including: exploration tungsten trioxide resource of 300,000 tons of copper resources of 500 million tons, gold resources 665 tons of lead and zinc resources in the amount of 100 million tons of chromite resources of 10 million tons, 10 million tons of iron ore resources. Through these efforts, and strive to achieve the business objectives throughout the year: a geological prospecting business currency workload of 200 million yuan, drilling footage over 200,000 m, the mine sales revenue of 100 million yuan, 10 million yuan of profits, the transfer of five prospecting rights, tenements transfer revenue of 200 million yuan.

According to reports, last year the council output value in the geological survey, talent introduction, drilling footage qualification upgrading achieved the best results in history, a total implementation of the geological survey of 146 projects, the introduction of various types of technical personnel more than 200 people, drilling footage super 200,000 meters, qualification upgrade or new legislation 18, the amount of the contract surpassed 100 million yuan, the Dongxiang I Square gold-lead-zinc census project, Fuzhou Chongren Dahua tungsten ore census project, Yichun the Yuanzhou jinrui gold mine exploration Zimbabwe project achieved good prospecting effect.

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Consumers delay purchasing further and lose confidence in current market. Neodymium metal mainstream prices slide from RMB430,000-450,000/t(USD53,064-72,360/t) last week to RMB410,000-430,000/t(USD49,848-53,064/t) at present.

A source from a smelter in South China claimed that the plant lowers their offer further to RMB430,000/t(USD53,064/t) at the moment. As consumers rely on immediate purchasing, they are under great pressure to conclude deals in bulk. "We have to lower our offer to stimulate deals for the time being." said the source.

"I am pessimistic about the future market," added the source, disclosing that the plant produces around 25 tons of neodymium metal per month.

A source from another smelter in South China noted that buyers are still cartious in rebuilding stocks in bulk. The mainstream prices slide slightly to RMB410,000-430,000/t(USD49,848-53,064/t) at present. "We resume production this month and now it is hard to conclude deals as consumers delay pruchasing further." said the source.

"I heard that some suppliers even sold the material at RMB400,000/t(USD64,320/t) last week," added the source, disclosing that the plant produces around 30tons of neodymium metal per month.

             


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