At the 2015 International Rare Earth Annual Meeting held in Shanghai on September 15-17, Mr. Chen Zhanheng, deputy secretary general of China Rare Earth Industry Association, said that the current rare earth market is the lowest point since 2011, and the market has limited space to fall. Stabilize. The main reasons for the decline in rare earth prices are shrinking demand, oversupply, overcapacity and illegal mining. He believes that the main reasons for overcapacity are: (1) lack of intellectual property protection in smelting and separation technology, lack of technology threshold; (2) lack of comprehensive understanding of industry and related industry chains, blind investment; (3) local government project The approval of rare earth smelting and separation projects often starts from local interests and lacks an overall view.
Chen Zhanheng said that with the advancement of the integration of China's rare earth groups, the orderly and controllable operation of the rare earth industry is just around the corner. At present, the pattern of leading industries of large-scale rare earth industry groups has basically taken shape, and 77 of the 78 rare earth mining licenses in the country have been completed, and 77 of the 99 rare earth smelting and separating enterprises in the country have been integrated. In the future, the six major rare earth groups will further accelerate the restructuring of all rare earth mines and smelting and separating enterprises across the country, especially to achieve substantial integration.
Chen Zhanheng pointed out that after the resource tax was changed to the ad valorem, the tax burden on the northern mine was reduced, which was about 2000-3000 yuan/ton; when the pre-tax price was less than 133,300 yuan, the tax burden was reduced, and the pre-tax price was higher. The tax burden increased by 13.33 million yuan / ton, about 2.7-5.4 million yuan / ton. The demand for rare earth ore in the Chinese market is expected to be 157,000 tons in 2015, an increase of 8.3% year-on-year, and is expected to reach 228,000 tons by 2020.
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