China Rare Earth Status

China Rare Earths Stocks

Some experts point out that now China’s rare earth stocks are decreasing year by year, the total estimated stocks can only be maintained for 20 years. The reserves of China's rare earth in the year 1996 to 2009 fell 37 percent, only remained 27 million tons. At current production rates, the middle level type and the key level type rare earth stocks in China can only last 15-20 years, in the year 2040 to 2050, we must import rare earth from abroad to meet domestic demands. China is not the only country with rare earth in the world, but in the past few years it always assumes the role of the world's rare earth manufacturer, the results is that we have to pay the cost of destruction of the natural environment and consume our own resources.

Rare Earth Investing in Broad

Japan began to look around the globe for the alternative rare earth supplier to replace China's rare earth supply source. Tokyo plans to invest $ 1.2 billion to improve the supply of rare earth conditions. Japan has reached an agreement with Mongolia in a hurry to development the rare earth resources in Mongolia from this month. Another rare earth consuming countries South Korea also has similar plans. Earlier this month, South Korea announced it would invest $ 15 million to reserve 1200 tons of rare earth in 2016.

Cheap Export Rare Earth Prices

The current price of 99.9% purity cerium oxide is 18 yuan / kg, the highest price is sold for 30 yuan / kg in the past, sometimes the price of rare earth is even cheaper than the pork. Take the price of neodymium oxide as an example, which should be sold for at least 110-120 yuan / kg, only in this way, it is able to compensate for the loss of lanthanum, cerium, yttrium, and part of the heavy rare earth elements. The consensus of the Rare Earth Industry Association is: the average export price of 30 kinds of rare earth products is increased though, but the price is only the surface scenery, since ever from May of last year, the state canceled the export tax rebate of two rare earths, and at the same time, a large number of export quotas enterprises are compressed, if translation of these two factors, and coupled with the raw and supplementary materials such as water, electricity, transport prices and other factors, China rare earth prices still hovering at the bottom. From the year 1990 to 2005, Chinese rare earth export volume grew nearly 10 times, but the average price was down to 64% of the original price. In the case of the world's high-tech electronics, laser, communications, superconducting materials exponentially needs of China's rare earth prices has not gone up. Some representatives from the rare earth enterprises said the rare earth profits is generally between 1-5% according to the current price. The highest is up to about 5% , the selling price is just the soil price.

This article is come from: http://www.power-supplier.info/rare-earth-manufacturer/china-rare-earth-status.htm