June 24: Ganzhou Rare Earth private mining regions of the blow makes the market more strongly bullish attitude, rare earth prices rose to varying degrees, but the demand is not obvious follow-afternoon rally temporarily uncertain.

Neodymium oxide 250,000-260,000 yuan / ton.

Dysprosium oxide mainstream manufacturers tax price 135-145 yuan / ton.

Tax price of lanthanum oxide mainstream manufacturers 26,000-28,000 yuan / ton.

Cerium oxide mainstream manufacturers tax price 27,000-28,000 yuan / ton.

Praseodymium oxide mainstream manufacturers tax price 360,000-370,000 yuan / ton.

Neodymium oxide, praseodymium mainstream manufacturers tax price 250,000-260,000 yuan / ton.

Europium oxide phosphor grade mainstream manufacturers tax price 3,500-3,600 yuan / kg.

Terbium oxide phosphor grade mainstream manufacturers tax price 2,800-3,000 yuan / kg.

Dysprosium iron mainstream manufacturers tax price 135-145 yuan / ton.

Praseodymium neodymium metal mainstream manufacturers tax price 350,000-360,000 yuan / ton.


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Weekly rare earth market boom continued last week, traders active heat-seeking neodymium oxide, praseodymium oxide, gadolinium, dysprosium, terbium oxide, etc. At the same time many people in the industry reflects the current offer does not ship in addition to those who have been some changes in market prices, the market over the previous confusion.

Today there are many manufacturers and traders purchasing intentions of gadolinium oxide, gadolinium oxide, but it is understood the spot market shortages, although there is still a small amount of inventory reflected supplier, but not willing to ship, some of the buyers concerned because early separation plant shutdown now the market supply, prices will continue to rise after.

Terbium oxide market, there is a certain amount of procurement requirements, some of the sidelines of Ganzhou companies have said must now offer more than last week 10-20 million / ton, the price artificially high, the market is more confusing.

Praseodymium neodymium markets, such as the market expected, praseodymium neodymium metal prices rise again, a reflection of Baotou regional distributors, now praseodymium neodymium metal band fare of 35 yuan / ton or more, with no ticket price in the last week alone 310,000 yuan / ton price, neodymium oxide, praseodymium with the current fare in the 27-28 yuan / ton, last weekend, so far there have been sourcing inquiries.

Dysprosium oxide market, Ganzhou region before the regular supply of dysprosium oxide reflect some businesses, there is no dysprosium can out and not to offer himself procurement does not arrive. According to other industry sources, now dysprosium oxide and dysprosium iron with a ticket price to 1.4 million yuan / ton.

Affected by the shutdown, many supply crunch oxide, praseodymium oxide recent grass Shen intent to purchase increasing the market price per ton last week, slightly higher than the five thousand -1 million. With no ticket purchase price 345,000 yuan / ton, vendors offer in 350,000 yuan / ton, with fares 37-38 yuan / ton.

Lanthanum, cerium market today, there is a business minor adjustments 395 lanthanum oxide, cerium oxide, with fares to 28,500 yuan / ton, the price rose slightly over the previous weekend, the 500 / ton, the mainstream prices were little changed, the market remains subdued .

Magnetic scrap market, market prices and recovery increases recyclers continue to wait for both, the mainstream prices rose slightly. Industry larger recyclers now reflect more to goods manufacturers. Short of the current mainstream recycling price 73,74 yuan / kg, long 76, 77 yuan / kg, tiles 84-86 yuan / kg. Waste electrical recycling prices were little changed, in part to an increase of 5 GW. Currently Brushless 72-74.5 yuan / month, brush 115-125 yuan / month, less volume, the price is slightly lower 1-2 dollars.


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Another local Southern Rare Earth Group is submitted to the State audit. Recently, the State Council, Hunan Commission by letter of response to the call to build places of rare earth platform, planned to set up Hunan Rare Earth Industry Group Company Limited.

However, unlike other provinces Rare Earth Industry Group was established situation is different, Hunan Rare Earth Group does not grasp the real core values ​​of rare earth ore resources and its leading enterprises as a main battery of listed companies Corun. The company acquired in June Yiyang Hongyuan rare earth separation companies before, never had a rare earth mining and smelting and processing experience.

It is reported that Hunan Rare Earth Industry Group Co., Ltd. by the Commission by letter of Hunan Department led the establishment of industrial raw materials, tentatively registered capital of 500 million yuan, of which Hunan provincial state-owned shares of 51% stake, the remaining 49% stake to attract social capital Lord.

This is the southern region of the first two truly led the establishment of the earth by the local group. The precedents for the Guangdong Province of rare earth industry group.

Rare analyst Wei Chi Shin told reporters, in addition to local government-led Rare Earth Group outside the city in several Southern Rare Earth, Jiangxi Ganzhou Rare Earth Group relies, relying on the aluminum Guangxi, Fujian Xiamen Tungsten also rely on rare earth development platforms were set up, and is currently the only There Sichuan pace slightly behind. In the south six provinces with rare earth resources, rare earth reserves in Hunan bottom of the rankings in the country's reserves accounted for no more than 5%.

Jiangxi, Guangxi, Fujian and Guangdong provinces in the building earth platform, and both the rare earth ore resources as its core assets. Among them, Ganzhou Rare Earth Mining warrants are in addition to any smelting capacity. The contrast is that Hunan Rare Earth Industry Group is not rare earth ore resources.

Wei Chi Shan told reporters that the current rare earth mine in Hunan Hunan subordinate resources are mainly controlled by the respective municipal governments and local small businesses in the hands, is not yet complete merger integration.

According to sources, according to the preliminary program, Hunan Rare Earth Industry Group, a major player in the provincial state-owned shareholder is a subsidiary of Hunan Provincial Commission by letter of an enterprise, Hunan Province, Hunan Jinxin Institute and the rare earth materials Gold Corporation; social capital mainly in Hunan local private and listed companies CORUN Yiyang Hongyuan Rare two enterprises. Among them, Corun has Hongyuan Rare 100% stake. And CORUN had announced that its rare earth industry in Hunan in the proportion of the Group will not exceed 30%.

"In fact, there is a group of rare earth industry Corun led." June 19, Hunan Provincial Commission by letter Jiang Lishan industrial raw materials Office staff told reporters.

Statistics show that Corun is a major production of batteries and nickel products business, which in 2012 a quarterly show, its main income 61.09% from trade.

Jiang Lishan told reporters in Hunan Corun do the battery has been no improvement, it may be to take this opportunity to enter the rare earth industry.

June 7, at Corun Announces Hongyuan Rare 100% stake in the day after Corun price crashed daily limit.

Hongyuan is mainly engaged in rare earth separation and smelting enterprises, their greatest asset in the then sole owner of rare earth export quota of Hunan enterprises. Its 2010, 2011 and 2012, the first batch of rare earth export quotas of 30,300 tons, 30,200 tons and 21,200 tons, respectively, accounting for the country's 3.73% rare earth export quota, 4.17 percent and 4.08 percent.

However, Hongyuan earth itself is not rare earth ore. In addition, the two state-owned shareholders are not any rare earth resources, Hunan Academy of rare earth materials, surnamed Deng staff also told reporters that the institute had no rare earth mineral resources, so Hunan Rare Earth Industry Group facto rare earth ore resources almost zero.

Asked about how to manage the province's rare earth mineral resources, the Jiang Lishan that has not yet seen Hunan province to integrate rare earth ore production enterprise plans.

Then, set up in Hunan Rare Earth Industry Group's real good person in what? Wei Chi Shan told reporters that the establishment of Rare Earth Group is a major positive Keli far, the company may wish to take this platform in the future carve Hunan rare earth ore resources.

The Deputy General Manager Office Corun Miss Lee told reporters, after the acquisition of rare earth Hongyuan, Corun to the upstream industry chain intends to expand the field of rare earth, there may be other rare earth enterprises to carry out acquisitions, specific to the announcement.

The ore Corun get a shortcut, probably by Hunan Jinyuan rare earths. Jinyuan actual control of rare earth rare earth raw Hongyuan actual control Caoyou Min, who sailed Hongyuan Rare earth's largest suppliers of raw materials, in 2011 as in standard EIA was not able to stop production.


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From the "Jiangxi and Guangdong provinces jointly fight illegal mining joint" was informed, according to the "City of the South 5 provinces 15 regulatory region of rare earth development joint action plan" spirit, in order to further increase the Jiangxi, Guangdong and inter-provincial mineral resources protection and illegal mining crackdown provinces mineral resources together to build joint enforcement mechanism, "Jiangxi and Guangdong provinces on mineral resources together to build inter-provincial joint enforcement mechanism opinions" (hereinafter referred to as "views") introduced.

Provinces to establish a joint meeting system

According to reports, Jiangxi and Guangdong provinces border mostly high mountains, dense forests, rugged road, Guardian piece is difficult to take, inspections difficult to achieve, the information is difficult to spread, the border can not be completely in place of mineral law enforcement supervision, particularly in the flower area, some of the lawbreakers and law enforcement staff playing the "guerrilla warfare" and even nocturnal included for stealing, including a variety of rare earth minerals; coupled provinces are back to back check, often illegal mining village to the other administrative, once found, often failed to find illegal relative a man can not be timely investigation.

In this regard, the "opinions" to determine a joint meeting, the information exchange system, the establishment of joint law enforcement, research and exchange mechanisms. According to "opinions", the two sides established a joint meeting system. Joint meeting of members of the two provinces Enforcement and Supervision Bureau (Corps), related by City Council and the relevant county (city) Bureau in charge of leadership and law enforcement agencies who chaired a joint meeting alternately by the two provinces, provinces Law Enforcement and Supervision Bureau (Corps ) responsible for man's rotating presidency, meetings held once a year in principle, the relevant municipalities and districts Bureau contractor. In cases where special circumstances, significant problems or any member of the unit under the proposal, may at any time convene. Joint analysis of key provinces of the illegal exploitation of mineral resources at the junction of the situation, the exchange of law enforcement experience and develop key areas of joint law enforcement and joint enforcement programs and convergence of administrative law enforcement and judicial and other programs. Members of the unit are assigned a coordination ability, law enforcement and experienced staff as liaison, responsible for daily liaison work.

May establish inter-provincial enforcement team

Meanwhile, the provinces relevant city and county (city) between the information needed to establish a briefing system, strengthen communication and exchange of information on the situation, promptly inform each other of mineral resources within the jurisdiction of law enforcement to monitor developments.

More importantly, the two provinces relevant county (city) on the illegal exploitation of the border to take joint action, in the case of a consensus, the establishment of joint law enforcement teams across provincial borders; also agreed time turn-site inspections conducted border enforcement, clear interprovincial enforcement corner. In the process of inter-provincial cases, the implementation of "common border exploitation arrested, deal with problems and then separation" model, according to need, to the local land and resources (mine management) department requesting help coordinate the investigation of local authorities, local land and resources (ore tube) departments should actively provide assistance and coordinate relevant departments shall actively cooperate in combating mineral criminal acts.

According to investigators work needs to take immediate investigations, investigatory assistance, joint investigations, surveys commissioned to collaborate with other ways. Investigators found in the work of non-local jurisdiction object clues and relevant evidence, the letter will be unified transfer, involving important clues timely transfer. On the mutual transfer of cases of illegal, within a week after the case closed, inform each other in writing the results.


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Learned from relevant departments, recently approved by the Jiangxi Provincial Department of Justice, the country's first provincial tungsten and rare earth Forensic - "Jiangxi tungsten and rare earth product quality forensic center" tungsten and rare earth products at the national Quality Supervision and Inspection Center was officially established whose scope includes identification of tungsten, rare earth and other aspects. It not only meets the market economy environment, tungsten, rare earth products class action needs people's courts at all levels will be fair and impartial adjudication of cases provide scientific, authoritative and legally binding conclusions and basis.

Rare earth metal prices have been falling steadily for the last couple of years, in spite of China reducing export volumes. Usually a reduction of supply results in a rise in prices, but the falls are indicative of the size of the REE bubble that had formed around the turn of the decade.

Chuin-Weip noted in the WSJ last week that Chinese exports had plummeted 71% in 2012 from 2011; however, this year has seen a remarkable change – exports have been picking up, with April’s figure of 2,196 metric tons almost six times larger by tonnage from a year earlier and a 28% rise from March, according to China customs data quoted in the article.

China exported 6,112 tons of rare earth metals in the first four months of this year, as the authorities approved higher export quotas and demand from China’s principal REE export market picked up. The U.S., you may think? Nope – Japan.

The country’s industrial base has responded strongly to stimulus measures, including massive money printing and a substantial reduction in the value of the Japanese yen to post impressive economic growth in the first quarter.

Japan consumes some two-thirds of China’s RE exports and as GDP rose at an annualized rate of 3.5% in the first quarter compared with 1% in the previous six months, the industrial base has taken the opportunity of cheaper REE prices to re-stock.

Nevertheless, global rare earth prices remain weak.

The value of China’s rare earth exports for the first four months of this year came in 63% lower than a year earlier, at $136 million, according to customs figures quoted in the WSJ. But the pace of the price slump is slowing from the 70%-to-80% declines posted earlier in the year; although if they had continued at that rate, some REEs would have been given away.


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Japan Oil, Gas and Metals National Corporation (JOGMEC) has re-affirmed its commitment to transfer technology and know -how in order to leave a lasting legacy in Malawi as a nation.

"We are already on the ground in Malawi doing rare earth exploration in Mulanje, Thyolo, Lake Chirwa and Mangochi on Rare Earth which has key elements for manufacturing of batteries among other things," said Hideyuki Ueda, Executive Director of Metals Strategy and Exploration at JOGMEC after holding a bilateral meeting with President Joyce Banda in Yokohama -Japan on Friday.

Ueda stated that his meeting with President Dr. Joyce Banda was very significant as it dwells much on rare earth exploration in Malawi as mining was one of the government's priorities.

In his remarks, Minister of Industry and Trade Sosten Gwengwe explained that the mineral exploration being carried out in Mulanje, Mangochi and Thyolo on the Rare Earth Metal Project has reached an advanced stage and that many Malawians have already started benefitting through employment.

"Malawi's geologists are also actively involved in the project thereby enhancing their skills and knowledge, courtesy of the Japanese Oil, Gas and Metals National Corporation," said Gwengwe.

He said the key thing that came out of the meeting is the technology transfer that they are very much after in order to leave a lasting legacy which is the Japanese technological transfer and technical know- how.

Japan Oil, Gas and Metals National Corporation (JOGMEC) was established in 2004 as an incorporated administrative agency established by the Japanese Government to maintain a stable supply of natural resources and energy to Japan through exploration in Africa.

In July 2008, JOGMEC established a Remote Sensing Satellite Station in Botswana. The centre was established to transfer remote sensing technology to SADC countries in areas of mineral prospecting and exploration.

In July 2010, the Malawi Government signed a Memorandum of Understanding (MOU) with JOGMEC after which joint mineral explorations projects have been conducted and capacity building has also taken place which has seen technology transfer from JOGMEC to Malawi.


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Wyoming released Monday its new statewide survey of rare earth elements with promising results.

The Wyoming State Geological Survey completed an investigative report — including samples, maps, measured and recorded amounts — on the minerals to encourage further commercial exploration.

Through the scientific study, the WSGS has confirmed that rare earth elements occur across the state. For example, data indicates 20 sites produced samples with at least five times the average crustal abundance of rare earths — a positive measurement for deeper examination.

The report is available for download from the WSGS site.

Additionally, WSGS has established the Wyoming Database of Geology (Wyo-DOG) to assist in future geological studies. The database includes all elemental analyses along with brief write-ups and photographs of most samples and sites.

The Bear Lodge deposit, near the town of Sundance in northeastern Wyoming, is considered one of the largest potential sources of the minerals in North America.

Currently, Molycorp's Mountain Pass operation in California is the only active mine in the US.


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According to the latest survey, rare earth prices continued to fall during the past week with market demand depressed.
 
Prices were RMB 29,500/mt for lanthanum oxide, RMB 28,000/mt for cerium oxide, RMB 355,000/mt for praseodymium oxide, RMB 255,000/mt for neodymium oxide, RMB 260,000/mt for didymium oxide, RMB 3,500/kg for europium oxide, RMB 1,100/kg for dysprosium oxide, RMB 120,500/mt for gadolinium oxide, RMB 52,500/mt for cerium misch metal, RMB 345,000/mt for praseodymium-neodymium alloy and RMB 1,200,000/mt for dysprosium-iron alloy.
 
Rare earth market remained weak last week with prices falling further. Most sellers reported difficulty selling goods and were bearish to market outlook. Trading was still light.
 
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Demand for rare earth has been sluggish since the start of 2013, with severe overcapacity. Only demand for the widely-used praseodymium-neodymium alloy improved, but transactions were also quiet, with prices of other rare earth categories on the downward track.

Shanghai Rare Earth Industry Expected to Double
Shanghai Rare Earth Industry Association was founded on May 28. Shanghai rare earth industry has been growing rapidly, with the industry output value increasing from RMB 2.52 billion at the end of the 10th Five-Year Plan period, to RMB 5.05 billion at the end of the 11th Five-Year Plan period.

Guangdong to Invest in Aluminum and Rare Earth Projects in Inner Mongolia
The Inner Mongolia & Guangdong Technology Cooperation Week was held in the Baiyun International Meeting Center last week. Inner Mongolia collected 342 projects cooperating with Guangdong, covering steel, equipment manufacturing, aluminum, power and rare earth industries.

Indicators of Nine Ore Categories to be Finished
The recovery rate, recycling rate and integrate utilization rate are minimum requirements for mines. China will continue to study the three rates of nine ore categories including oil and gas, iron, copper, lead, zinc, fluorite, rare earth and sylvite, with the indicators of iron, copper, lead and zinc completed in late May, and the indicators of fluorite and rare earth finished in late June, and those for sylvite expected to be completed in late July.

MLR Delegates Mineral Resources Exploration Examination and Approval Authority
The Ministry of Land and Resources Geological Survey Department Deputy Director, Mineral Exploration Office Deputy Director Yu Haifeng revealed that the MLR is considering delegating examination and approval authority of mineral resources exploration to local governments.


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