Rare earth prices stabilized for storage of news

- Nov 16, 2017-

In the first half of this year, rare earth prices rose for a few years, and PR and neodymium oxide increased by more than 60%. At present, the price of rare earth has been stabilized for 2 months. Last week, as the market vane of praseodymium oxide neodymium in the vicinity of 37~38 million tons / ton, but there is no sign of rising. Analysts believe that, on the whole, the domestic rare earth market wait-and-see atmosphere further intensified. It is expected that the market will remain stable and weak before the further information of the national storage and purchase is provided.

In November 10th, 2017 China rare earth Guangxi forum held in Nanning, President of Chinese Nonferrous Metals Industry Association Chen training said that in recent years the interaction in the rare earth industry policy guidance, industry self-regulation, corporate innovation gradually to the steady for the better. Because of the rapid development of new energy vehicles, wind power and other fields, rare earth metals demand improvement. The demand for thinning in the area of flat panel display and the catalytic demand in the field of environmental protection also led to the gradual consumption of lanthanum, cerium and other elements.

Rare earth industry benefit has improved. In the first three quarters of this year, more than 195 rare earth enterprises realized profits of about 4 billion 700 million yuan, an increase of 37.4%. Among them, rare earth mining enterprises to achieve profit of 400 million yuan, an increase of 77.2%; rare earth smelting enterprises to achieve profit 4 billion 300 million yuan, an increase of 34.4%.

The development of new material industry has promoted the high quality development of China's economy, deepened the reform of the supply side structure, and promoted the vitality of the real economy, and has been highly concerned by the Central Committee of the CPC and the state council. In 2016, the total output value of China's new material industry was 2 trillion and 650 billion yuan, with a growth rate of 35%. A number of new materials are in the forefront of the world, including rare earth functional materials. Rare earth functional materials were included in the decision of the State Council on speeding up the cultivation and development of strategic emerging industries in 2010, and proposed one of the seven strategic emerging industries. Data show that, in 2009~2016, the total output of China's rare earth permanent magnet material still maintained rapid growth, from 57742 tons to 136 thousand tons, an average annual growth of about 10%.

With the accelerated breakthrough and further development of new materials, the basic and leading role of the new round of scientific and technological revolution and industrial transformation will be more prominent.

This is evident from China's rare earth exports: 1~9 months, China's total exports of rare earth metals 2878 tons, 27 thousand tons of rare earth oxide, an increase of 13% and 9%, respectively. Among them, rare earth permanent magnet cumulative exports of 22 thousand tons, an increase of 10.5%. According to the Jiangsu inspection and Quarantine Bureau information, 1~10 months this year, the Lianyungang port rare earth exports show "volume fall price rise": exports 51394 kilograms, the value of 2 million 523 thousand U.S. dollars, down 18.18%, 12.5%, respectively, the value of the unit increased by 6.9%. The main export products are lanthanum oxide, gadolinium oxide, terbium oxide, erbium oxide and so on.

According to the "new material industry development guidelines" jointly formulated by the Ministry of industry, the Ministry of development, the national development and Reform Commission, the Ministry of science and technology and the Ministry of finance at the beginning of 2017, the comprehensive support capacity of key strategic materials should exceed 70% by 2020. In 2017 the new material capital technology recently held a summit in the fall, a member of the CPPCC National Committee, China Academy of Engineering Li Wei said in his keynote address, from now until 2025, China will strive to develop a number of original intellectual property innovation of high performance rare earth materials, and in the 17 kinds of integrated application can improve.

"New materials as the basis of the high-end equipment, key projects, strategic emerging industries and become more and more important, while the development of new materials and funds, funds, capital combination, it is very important."."  Chinese Academy of Engineering academician Yong Yong said.

"There is no uniform standard, we can only organize production according to different customer requirements, in the process of export trade is also easy to form a dispute."." After continuous struggle, in September 2015, the international organization for standardization passed the resolution, formally established the ISO rare earth Standardization Technical Committee, the Secretariat by china. The northern rare earth and Baotou Rare Earth Research Institute is responsible for the formulation of relevant standards. Industry experts believe that with the development of economic globalization, the international standard of rare earth industry will play an increasingly important role in striving for the development of international discourse power, supporting industrial development and promoting scientific and technological progress.