The Yield of Rare Earths Will Be Reduced by China, Where Will the US Military's New Weapons Go

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According to Reuters, a company in the Netherlands that closely tracks the rare earth industry said that China has limited the production of rare earths in the second half of this year to 45,000 tons, the lowest level in five years, and only enough to supply domestically. According to the report, this data means that China's rare earth production index in the second half of this year has been cut by 35 percent. Industry analysts said that in the current development of China's rare earth resources over-exploitation and rapid reduction of reserves, this measure is conducive to the implementation of rare earth resource reserve strategy. And foreign media said, where will the new US weapons that rely heavily on China's rare earths go?

 DDG 51 burke class destroyer picture

Excessive development of rare earth resources and rapid reduction of reserves are among the existing problems in China's rare earth industry. As you all know, China is a big resource country, and its rare earth reserves account for a large proportion of the world's total rare earth reserves. However, after more than half a century of mining, and under the influence of multiple factors such as low utilization rate of rare earths in China, the reserves of rare earths in China are continuously decreasing, and many mine resources have been exhausted. To make matters worse, the rate of decay of rare earth resources is still accelerating. In addition, some heavy rare earths with high economic value have serious indiscriminate mining. In addition, many mining areas have the phenomenon of “taking easy to abandon, mining and abandoning poverty”, resulting in low recovery of rare earths. According to statistics, the utilization rate of Baotou rare earth minerals is only 10%, while the recovery rate of southern igneous rare earth resources is less than 50%. If this situation continues to develop, the dominant position of China's rare earth reserves will be greatly affected. Moreover, this is not conducive to the sustainable development of China's rare earth industry.

 rare earth elements picture

While China is gradually consuming rare earth resources, Japan has gradually established a rare metal national reserve system as early as the 1980s, and purchased a large number of rare metals from other countries for hoarding in case of emergency. The United States also sealed its largest rare earth mine, the Mountain Pass mine, in 1998. Almost all of the rare earth products in the United States have been imported from China in the past two decades, and their stocks are still increasing. In other words, the reserves of rare earth resources in the United States and Japan remain basically unchanged and may even show an upward trend.

Another point is that rare earths are non-renewable resources. In the future, China's demand for rare earths will further expand with the continuous improvement of domestic rare earth development and utilization levels. Therefore, it is very important to strengthen the strategic reserve of rare earth resources. Therefore, industry sources said that China's measures to reduce rare earth production are conducive to the implementation of the rare earth resource reserve strategy.

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As for foreign media, the US military relies heavily on China's rare earths, and the reduction in China's rare earth production will hurt the production of its new weapons. As mentioned above, the rare earth reserves in the United States can be said to have not been moved for 20 years ago.

Without the rare earth, the United States cannot manufacture all kinds of sophisticated weapons and equipment. According to the US Congress report, a large number of rare metals in the US weapons system originate from China. Here are a few chestnuts:

——F-22 fighters need to import Chinese rare earths to prepare special rare earth materials to make powerful engines and light and sturdy fuselage to realize their supersonic cruise function;

——MIM-104 anti-aircraft missiles need to use Chinese-made rare earths for the preparation of samarium-cobalt magnets and neodymium-iron-boron magnets, which are used for electron beam focusing, so that their anti-aircraft missiles can accurately intercept incoming missiles;

——The DDG-51 Burke-class destroyer needs to purchase Chinese neodymium magnets to meet the needs of its hybrid electric drive system;

- In the navigation system of the Abrams tank, the helium in the samarium-cobalt magnet used was also purchased from China;

 

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In addition, advanced equipment such as anti-electromagnetic interference, mine detection, satellite communications, etc. are also inseparable from the application of rare earth products. So what? In this case, the United States may consider measures such as importing from other countries to fill the gap. However, to tell the truth, what does this have to do with us?

We all know that China is a big country with rare earth reserves. However, the economic benefits brought by rare earths in China have not been so optimistic. Yes, China’s rare earth exports are growing substantially. However, what about the price? But only sold the "soil price." Now, oil supports the economic income of the entire country in the Middle East, and what is the current state of China's rare earth? It is still stuck in the "low price" quagmire. Therefore, reducing the export of rare earths can change the current situation of China's rare earths to a certain extent, and it has important significance and far-reaching impact on the domestic rare earth industry and even the entire Chinese industry and comprehensive national strength in the future.

The Global Rare Earth Industry Will be Changed by China’s Movement

China 094 submarine picture

The big thing that has happened or is likely to happen in the second half of the year is that China wants or will cut rare earth production. Some experts said that this move by China may incite the global rare earth industry. Things are like this. Recently, Adamas Business Company said that China will reduce its rare earth production in the second half of this year and will control it at 45,000 tons. According to data tracking in previous years, this will be the lowest point of China's rare earth production in more than five years. This is likely to reduce China's rare earth exports, which in turn leads to rising rare earth prices. As a result, manufacturers may be forced to look for alternatives to rare earth supplies on a global scale, as there is little research on rare earth substitutes. Therefore, analysts believe that this may be more likely to be US companies, especially the US military, because they have no other source of supply, and the consumption of rare earths is still very large.

Adamas Intelligence is a business company based in Amsterdam, the Netherlands, which closely tracks the rare earth industry. According to Reuters, Adamas Intelligence said that in the second half of 2018, China will cut 36% of rare earth separation and smelting quotas, mainly to provide sufficient supply to Chinese domestic buyers to better control the market.

rare earth rubidium picture

Next, let's take a look at the knowledge of rare earths to better understand why China's reduction of rare earth production will have a big impact on the US military and global manufacturers.

Rare earth is a general term for 17 elements. They have similar chemical and physical properties and are widely used in military, technology and many other fields. Although rare earth is not a household name, it is not a little-known chemical element. For example, the bismuth element can be used to form the “magnetic king” – NdFeB. In fact, it is a magnet, of course. Its magnetic properties are superior to those of our usual magnets. NdFeB is mainly used in applications such as permanent magnet propulsion motors.

Can the permanent magnet propulsion motor dry up? This has to start from an official announcement of "China Shipbuilding Heavy Industry". I don't know if you have noticed that China has successfully broken through the "permanent magnet" technology. Since then, it has completely independent intellectual property rights for permanent magnet propulsion motor loading and has been successfully tested.

 China 094 submarine picture

What is the importance of this new permanent magnet propulsion motor? As you may know as a military fan, noise is a big bogey for submarines. If the mute effect of the submarine drive is not good, it will be easily attacked by the other party. For submarine drives, electric drives are much quieter than mechanical drives. Of course, there are many types of electric drives, but the permanent magnet propulsion motor drives are the quietest. The new permanent magnet propulsion motor developed in China not only has a low noise close to the background sound of the seabed, but also has a small volume. The point is that the new permanent magnet propulsion motor can reach 40 megawatts of power, while the United States is still studying more than 30 megawatts of permanent magnet motors in the same period and has not succeeded! In other words, China has successfully achieved the overtaking of the curve on this technology, catching up with the United States! Among them, the researchers are really indispensable, the importance of high-performance rare earth permanent magnet materials is self-evident!

So? The US military needs more rare earths to speed up the development of permanent magnet propulsion motors to equip its submarines. In addition, the US military also uses other rare earth elements such as thorium for the production of magnets that are critical to smart bomb guidance systems, as well as rare earth metal reinforcement fighters and high-tech laser weapons. According to the Pentagon report, US military equipment such as F-22, F-35, B-2, and nuclear-powered aircraft carriers are also heavily dependent on Chinese rare earths. It can be imagined that if China reduces the export of rare earths, this will make the US military worry. After all, the cost of rare earth mining in the United States is too high. It is not necessary for companies to give up buying from China and produce their own products. Moreover, even if the United States really mines rare earth mines, it will certainly be at the expense of polluting the environment.

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So what is the impact on global manufacturers? This has to start with the use of rare earths. Daily common LED lights, flat-panel TVs, energy-saving light bulbs and many other electronic products, as well as electric cars and light mountain bike frames, and even lighters must add a certain amount of rare earth elements. According to the USGS report, China has supplied more than 90% of the world's rare earth demand per year over the past decade. At present, China's rare earth exports usually account for about 80% of global demand. No matter which data is more accurate, this will mean that global suppliers have to look around for 80% to 90% of the rare earth gap. It is no wonder that Adamas Intelligence claims that China’s export temperance is “frightened”.

B-2 is Coming Again, Can China Counterattack by Prohibiting the Export of Rare Earths

B-2 at Hawaii picture

According to the US media report, the B-2 was first deployed to the Pearl Harbor-Hickam joint base in Hawaii, USA, to complete the normal deployment, or to test the Chinese radar. In response, netizens said that the B-2 is coming again, and China can pass Is it prohibited to export rare earth counterattacks?

 B-2 at Hawaii picture

We all know that the US B-2 bomber ("ghost") is the only stealth strategic bomber in the world. In addition, the US military also has bombers such as B-1 and B-52 long-range strategic bombers. Among them, "ghost" is the code that many military fans will think of when they mention the bomber. After all, it was developed in 1989. It was officially in service in 1997 and has experienced more than 20 years. The experience of the second war.

Moreover, the B-2 stealth strategic bomber, as its name suggests, has a good stealth capability, which allows it to safely pass through a tight air defense system without being detected by the radar. It has been reported that the B-2 is so small in the "eyes" of the radar that it is easily overlooked. What's more, the horrific thing is that the B-2's stealth is not only effective on the radar detection level, it also reduces the different signals such as infrared, visible light and noise.

 B-2 Spirit picture

In other words, the B-2's stealth ability minimizes the possibility of detection and locking. In other words, before radar detection and other detection technologies have not developed enough, no one knows where B-2 has been. According to military experts, the stealth performance of the B-2 bomber is so excellent thanks to a special invisible material covered by its surface. The invisible material may be a stealth coating made of rare earth or tungsten oxide, which is very "absorbent".

It is reported that the B-2 strategic bomber also has intercontinental strike capability. The US Air Force also said that the B-2 has the "global arrival" and "global destruction" capabilities. This can be verified from its cruising range: in the case of no oil in the air, the combat range can reach 12,000 kilometers; after refueling in the air, it can reach 18,000 kilometers.

 B-2 Strategic Bomber picture

From this point of view, B-2 looks very powerful. However, the author wants to say that the material is the root and the technology is the basis. Regardless of technology, the performance of high performance must first be supported by high-performance materials. Without high-performance materials, how can you create high-performance fighters! However, a large part of the high performance of modern weapons and equipment is related to the application of materials such as tungsten, molybdenum and rare earth. The B-2 bomber is naturally "indispensable".

In order to achieve supersonic cruise, the "Ghost" bomber must use tungsten, molybdenum and rare earth materials to strengthen the structure of the body; in order to withstand the harsh environment of high temperature and high pressure, it is necessary to add tungsten-molybdenum rare earth materials to key components. In addition, tungsten, molybdenum and rare earth elements are also used in radar and electronic jammers. The missile also has the consumption of tungsten, molybdenum and rare earth materials. In other words, lack of strengthening materials such as tungsten, molybdenum and rare earth, B-2 is afraid that even ignition is difficult!

 rare earth picture

I believe everyone knows that China is currently the world's largest producer and exporter of tungsten, molybdenum and rare earth. It is also worth noting that almost all of the rare earths used by the US military are imported from China. From this point of view, the US military development is really inseparable from China's rare earths? In fact, the reserves of rare earth resources in the United States are very rich, and the quality is good. However, the United States is not without worry, so there will be operations to remove rare earth related products from the list.

So why mention tungsten, molybdenum, rare earth materials? Because these materials do not act as "card necks" as they do. But at least it can be restricted. After all, not only bombers, but also the US military's F-22, F-35 and other military equipment, these materials are needed to become a whole.

 F-22 picture

Therefore, we may be able to deal with the situation of “B-2 is coming again” from the material, for example, restricting the export of rare earths... Of course, this is just the idea that the author and many people may share. But can China really fight back by ban on exporting rare earths? Time to return to March 26, 2014, the WTO published an expert group report on the "US v. China Tungsten, Molybdenum, and Rare Earth Related Products Export Management Measures Case", giving the preliminary results of the case, that China The implementation of export taxes and export quota restrictions on products violates the WTO framework.

In other words, in recent years, we often see the news saying that the US warships are coming for a while, and the US bombers are coming.

US Military Assesses Chinese Rare Earth Risks, External Dependence is Exaggerated

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A few days ago, the US Department of Defense announced the report "Assessing and Strengthening the Flexibility of the US Manufacturing and Defense Industry Foundation and Supply Chain." The report said that the US defense industry is heavily dependent on foreign countries and contains nearly 300 kinds of foreign military products. Among them, the demand for rare earth and other materials and spare parts in China is particularly large, such as military solar cells and aircraft LCD screens. Therefore, there are sayings that "Beijing is a major risk" and take the words that China needs to influence the US national defense security. However, it is clear that this is just a ridiculous rhetoric and a "reason" for the United States to strengthen the "China threat theory." The "drunken man's intention is not in the wine" in the United States is clear!

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Black Tungsten Ore of This Rare Earth Kingdom Rank First in The World, The Ionic Rare Earth Are Also Rich

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The black tungsten ore reserves of the rare earth kingdom rank first in the world, and the reserves of ionic rare earth resources are also very rich. Do you know this rare earth kingdom in which corner of the world is located?

black tungsten ore picture

Zhangzhou Honor Articles

In fact, this place is one of China's charming cities - Ganzhou, located in the southern part of Jiangxi Province, is the southern gate of Jiangxi Province, and is also known as "Southern Anhui." It also has a beautiful name - Yucheng! Be careful, not devout!

 red capital ganzhou picture

It is the "cradle of the people's military industry", the "the birthplace of the people's military industry", the "first ancestor of the people's military work", the "original central Soviet area", and the "starting city of the Long March". And "Red Capital"! It is also known as the “First City of Qianli River”, “Jiangnan Songcheng” and “The Source of World Fengshui Culture” for those who like to go down the river. It is also known as the “Hakka Cradle”, the “One of the Hakka's Largest Settlements” and the “First Station of the Hakka Pioneers”.

Thus, the popularity of Ganzhou can be seen. Of course, the business card of Ganzhou can be more than that! Do you know what praises Zhangzhou still enjoys?

Jiangnan Songcheng picture

Zhangzhou Mineral Resources

Quzhou has a unique resource advantage and is one of the key non-ferrous metal bases in China. It is known for its black tungsten resources and ionic medium-heavy rare earth resources. It is also a heavy metal resource such as molybdenum, tin, zinc, lead and antimony. The enrichment of rare metal resources such as cesium, among which the reserves of black tungsten ore rank first in the world. I believe that many people in the industry know that ionic rare earth resources are an important strategic resource for the development of high-tech and defense industries. The ionic rare earth resources in Ganzhou are rich in high-value rare earth elements such as lanthanum, cerium, lanthanum and cerium. Their reserves account for more than 60% of the reserves of similar rare earth resources in the country.

 Ion type rare earth ore distribution map picture

He said that Ganzhou has a history of more than 100 years of tungsten discovery and development. Over the past 50 years, the development of rare earth industry has made great progress in the development and application of non-ferrous minerals such as copper, aluminum, uranium and thorium. .

Quzhou's tungsten resources are very rich, so what about Jiangxi? Jiangxi's large-scale tungsten mines include several large tungsten mines such as Xihua Mountain, Pangu Mountain, Daji Mountain, Qimei Mountain and Diaotang. The reserves account for 21% of China. Jiangxi tungsten mine is originally "southern north and less north." However, in 2010, a large-scale tungsten mine was discovered in Wuning County of Jiujiang in the northwest of Yunnan Province, which broke the situation of the southeastern tungsten mine in Jiangxi Province. The proved reserves of the tungsten mine were about 1.06 million tons. Later, a world-class large-scale tungsten mine was discovered in the Zhuxi mining area of Fuliang County in northeastern Yunnan.

Dahutang tungsten mine Wuning Jiangxi picture

Analysis of the Ruins and Values ​​of Nonferrous Metals Industry in Zhangzhou

1. Xihuashan Tungsten Mine in Dayu County: The discovery of tungsten ore from the Song Dynasty (960-1279) and the construction of mines during the Republic of China have important historical materials and humanistic tourism development value.

2. Tieshan Tungsten Mine in Yudu County: Over 80 years of mining history, the temporary central government opened the “Zhonghua Tungsten Mine Company”, making outstanding contributions to the revolution. The first grade of black tungsten concentrate is 100%.

3. Dajishan Tungsten Mine in Quannan County: Founded in February 1918, the backbone enterprises in the “First Five-Year Plan” period have strict management, strict and efficient environment, beautiful environment, and pragmatic innovation and diligence.

4. Pangushan tungsten mine in Yudu County: Founded in 1918, it was mined in 1922. The black tungsten concentrate is of good quality and is sold well both at home and abroad.

5. Zhangzhou Casting Money Supervision Site: Located in Tiexiling, Shuixi Village, Shuixi Township, it was built in the Northern Song Dynasty Huizong Daguan years. It has been an important material for the history of coinage or bronze mirrors in the past 100 years.

6. Dingnan, Longnan, Xunwu and Xinfeng abandoned rare earth mines: “forest-fruit-grass”, “forest (fruit)-grass-fishing (grazing)”, “pig-marsh-forest (fruit)”, “industrial” The park has four modes to control the abandoned mine environment, accumulate management experience, and increase the economic benefits of the people.

 Xihuashan tungsten mine in Dayu picture

These non-ferrous metal cultural relics have also spawned many historical cultures, brand cultures, innovative cultures and cultures of different mining varieties, and have important historical value, humanistic tourism development and industrial economic linkage. The non-ferrous metal culture is gradually blending with urban cultures such as Hakka culture and red culture. In the wave of the new normal economic construction, the unique cultural charm of urban characteristics is promoted, and the innovation and development of the service industry and high-tech industries will be promoted. The take-off of Zhangzhou brings infinite space.

 Ganzhou economic and technological development zone picture

At present, Ganzhou is shifting from resource advantage to industrial advantage. In the innovation-driven development strategy, the rare earth and tungsten new materials industry has developed rapidly, and has formed from geological exploration, ore mining and separation, deep smelting and processing, product application to inspection and testing, research and development. The complete industrial chain of design. This is the accumulation and precipitation of generations of people who are constantly fighting and constantly innovating! The current state of Zhangzhou is no longer the "ugly duckling" of the year. More than 300 billion yuan of potential economic value of mineral resources and mining excavation sites have become an important source of Chuzhou culture, and also a foundation, which will promote the development of Zhangzhou's economy and the advancement of science and technology.

ChinaRare Earth is Aiming “Quantitative Chain” and Create “Magnetic Capital” Card

rare earth permanent magnet motor picture

Today, our impression of Baotou is no longer limited to “Going West”, but also “Rare Earth Capital”, “Rare Earth High-tech Zone”, “China Magnetic Capital” and “China Magnetic Valley” and so on! Although, the perseverance of the West Exit and the generosity of the Mongolian nation have been integrated into the blood of the city of Baotou, leaving an immortal legend.

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Terbium Oxide Price – Aug. 24, 2017

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Rare earth price in China maintains stability. The recent growth of the rare earth price of magnets directly leads to magnetic material enterprise’s procurement difficulties of rare earth raw material.

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China’s Fanya launches rare earths contracts on Xiamen exchange

China’s Fanya Metal Exchange has listed three rare earths contracts for dysprosium, terbium and neodymium oxide in Xiamen, southeast China, through the newly founded Xiamen Fanya Mercantile Exchange, it emerged late last week.

The Xiamen Free Trade Trail Zone was opened on 27 February and the Xiamen Fanya Merchandise Exchange will trade in the Xiayu free tax zone of Xiamen city, Fujian province, China.

The zone is the second free trade in China after Shanghai and aims to become a global trading centre.

Quanxun Chen, the director of China Non-ferrous Industry Association, said at the opening ceremony that he hoped the exchange could help to improve China’s rare earths price system and exert an influence in the global rare earths market.

The exchange signed deals with three dealers and eight banks and all three contracts, worth a total of Chinese renminbi (Rmb) 30m ($4.8m*), sold out in under three seconds, according to local media reports.

In exploration news, TSX-V-listed Geomega Resources Inc. has created a private subsidiary business under the name Innord Inc.

Geomega will transfer its separation rights and laboratory equipment to Innord, which will conduct all of the company’s future research and development initiatives, starting with the scale-up of Geomega’s proprietary separation process.

"The goal of Innord Inc. (…) is to optimise the value of the separation process by facilitating its development through direct investments of key financial partners," said Geomega’s CEO, Simon Britt, on announcing the spin-off.

Speaking to IM at the PDAC 2015 meeting in Toronto, Canada, today, Britt said: "It makes much more investment sense to have internal rare earth processing technology – otherwise it’s just sent off to processing companies in China for poor returns and no global supply advantage."

Fellow TSX-V-listed Ucore Rare Metals Inc. has successfully separated individual rare earth elements (REEs) at what it described as "high purity" levels from feedstock taken from its Bokan-Dotson Ridge project in southeast Alaska, US.

The company said that rare earth carbonates, or salts, were produced from a pregnant leach solution, using a proprietary molecular recognition technology (MRT) developed by Utah, US-based IBC Advanced Technologies.

Purity levels for the separated elements consistently met or exceeded 99% purity, Ucore said. The separation procedure, which employed a customised SuperLig hydrometallurgical process, was performed across the entire lanthanide series, the company added.

"The separation of high purity REEs, without the use of environmentally costly ad capital intensive solvent extraction methodologies, is a much sought after goal in the technology metals sector," said Jim McKenzie, Ucore’s CEO. "MRT offers a means of separating REEs to high purity in a rapid and cost-effective manner, and with an exceptional level of selectivity and precision."

In Australia, Northern Minerals Ltd has said that its definitive feasibility study (DFS) on the Browns Range rare earths deposit in Western Australia has confirmed the project as a "viable and profitable source of the critical heavy rare earth element, dysprosium".

The DFS also outlined a $106m increase in the project’s net present value to $552m, with an internal rate of return (IRR) of 34% and a payback period of 3.2 years.

Browns Range now has an estimated life of mine of 11 years, thanks to additional minerals resources at the Wolverine and Banshee areas of the project, as well as an optimisation in mining methods which improved recoveries from 88% to 93%.

Dysprosium output over the total life of mine is calculated at 3.13m kg (3,130 tonnes) and a 6% reduction in operating costs has been balanced by a 5% increase in estimated capital costs, thanks in part to increased spending on equipment, Northern Minerals said.

Also in Australia, multi commodity producer and explorer Alkane Resources Ltd has recorded a net profit after tax of Australian dollar (A$) $3.3m ($2.6m) for the half-year ended 31 December 2014, down from A$4m for the same period a year ago.

Profits were attributable to the company’s Tomingley Gold Operation (TGO) which produced 41,537 ounces of gold at an all in sustaining cost of $991/ounce for the six months. The company is using cash generated from TGO to help develop its A$1bn Dubbo zirconia and rare earths project (DZP) in New South Wales (NSW).

Alkane recently received advice that the NSW Planning Assessment Commission had completed its review of the project and had recommended it could be approved, subject to certain conditions. Alkane said that its initial internal review of the PAC recommendations did not indicate any material concerns for the development of the DZP.

Guernsey-registered Rainbow Rare Earths Ltd has been granted a mining licence for the Gakara rare earths project in Burundi by the country’s Ministry of Mines and Energy.

Rainbow’s mining licence is valid for an initial period of 25 years and is renewable thereafter. This was approved by a Burundian Council of Ministers following Rainbow’s submission of all requisite feasibility studies and the completion of all environmental and social impact assessments.

The company said that terms for a mining convention have also been negotiated and approved by Burundi’s government. Once the administration process has been completed, Rainbow will look to commence mining operations.

The mining convention addresses legal, fiscal and economic terms as well as rights and obligations which have been agreed by both parties. As stipulated in this convention and in accordance with the Mining Code of Burundi, the state will hold a non-dilutable 10% interest in Gakara project.

In financial news, Canada-based Quest Rare Minerals Ltd has accepted a committed private placement financing offer from Canadian private investor Ekagrata Inc. to purchase secured convertible notes worth Canadian dollar (C$) 2.5m ($2m).

The notes will be purchased direct by Ekagrata or one of its affiliates and will mature either on 31 December 2016, or when Quest receives payment for resource tax credits from the Quebec government – whichever is earlier.

Separately, the Quebec government has adopted a decree authorising Investissement Quebec to invest C$600,000 in Quest. The investment will consist of common shares and an equivalent number of common share purchase warrants.

Earlier this month, the company received a payment of C$3m for the refundable Quebec resource tax credits and mining duty credits for fiscal years 2010-2012.

 

 

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Rare earth prices have not significantly stabilized, prices or stability or a slight decline

Continuation of the current RE market desolate situation, some products reduce market volatility, traders offer steady or offer a slight decline slightly, do not want to offer ultra-low-cost shipping callback trend, but prices have not yet warmed up, businesses are still on the downside.

Lanthanum, cerium products market, steady price weakness, it is currently quoted at Ganzhou 4N lanthanum oxide is still 12,000 yuan / ton, unchanged from last week, but there ceria 3N prices down slightly compared to last week, from 1.1 yuan / ton down to 10,500 yuan / ton, according to some industry insiders now reflect whether domestic trade or export profit margins are very limited, the purchaser wants to have a lower supply.

Praseodymium, neodymium oxide price or stable or slightly slight fluctuations, heavy grass before praseodymium oxide with a ticket purchase at 355,000 yuan / ton is now down to 35 yuan / ton, before the individual businesses offer neodymium oxide in 255,000 of Now re-pullback to 26 million or more, not much volume, low-cost shipping will continue to decline. Mixed oxide, praseodymium, neodymium currently offer little change, there are businesses that Ganzhou price 253,000 yuan / ton.

Yttrium, erbium oxide-recent low prices held steady last week, there is a business down yttria 1 1000-32000 yuan / ton, this week continues to offer flat at 32,000, inquiries and transaction volume is not large, continue to look weak outlook. Today, erbium oxide prices held steady at 23 yuan / ton, basically unchanged from last week.


Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

Rare earth demand is low, prices continue weak run

RE market quotations Monday of each product is almost flat, some businesses still reflect depreciation trend inquiry received recent orders less positive on the outlook difficult to forecast. Another business that because the stock market has ups and downs, market attention is now rare decline, customers in addition to the inquiry is to discuss the stock market.

Praseodymium neodymium products market, praseodymium neodymium metal prices generally at 330,000 yuan / ton, the market lower offer in 325,000 yuan / ton. Neodymium oxide, praseodymium market, according to Ganzhou traders said many of them now offer 250,000 or less, and the prices are still bottom, there are still some traders say now quoted at 250,000 yuan / ton, the price dropped by another, it is difficult to favorable shipping .

Customs today announced the latest rare earth export data, in June the number of exports were up nearly 23 percent, the average price of 83,200 yuan month export / ton, compared to the May average export price of 74,200 yuan / ton rose significantly. But the first half of the export volume, export volume fell year on year, with exports to reduce the rate of 15.9%, the average price of 75,900 yuan in the first half of rare earth export / ton, the first half-year 2014 average export price 88,900 yuan / ton fell sharply.


Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com

 

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