At the same time, the European and American countries put pressure on China's rare earth policy through WTO litigation. At the same time, some rare earth countries' rare earth mining restart plans have entered a substantive stage. The reporter recently interviewed industry insiders and said that many projects including rare earth mine development and smelting, including Malaysia and Australia, have been running smoothly. It is expected to be put into production in the second half of the year, mainly focusing on light rare earths, which not only has considerable output but also very high cost. Low prices mean that the pattern of “China's single supply of rare earths†will change.
"The price of rare earths will be greatly adjusted in the next year or two. The change in supply pattern is a challenge for enterprises, and cost will become a major competitive factor." Zhang Zhong, chairman of Baotou Rare Earth, told reporters. It is worth noting that many industry authorities have also said that due to the impact of foreign rare earth resources supply, domestic rare earth prices will still face downside risks in the second half of the year, and the decline in profits and market shrinkage will bring "great reshuffle" to the domestic rare earth industry. .
“I went to the rare earth plant in Linus, Australia. It is built on a scale of more than 10 rare earths in Baotou Steel and is very modern. On the other hand, we cannot imagine the richness of Australian rare earth mines. And the production cost is 2 AUD/kg, which is very competitive."
A person in charge of a rare earth enterprise in Baotou said in an interview that he and several domestic rare earth enterprises have recently visited Australia's rare earth projects in China and Malaysia. He told reporters that Australia's Linus company's project in Malaysia has obtained a government-issued safety production license, and the capacity of the first phase of the project is 20,000 tons.
As a rare earth deep processing enterprise, he is particularly sensitive to the cost advantages of foreign rare earth resources and mining.
“The rare earth resources in foreign countries are too rich. The grade of rare earth in foreign ore will reach 20, and the highest grade can reach 40. The cost is very low. The rare earth grade in China will start to be selected from 3 to 5; the chemical raw materials of the rare earth plant in Malaysia are Within 50 kilometers, China's chemical raw materials are around 100 kilometers, and some are 500 kilometers away. Do you say that people can have no cost advantage?" said the source. In his view, this year's domestic rare earth market is already in a very low state, and prices have been falling, and the market pressure will be even greater in the later period. The rare earth industry will fall to the bottom in the next five years because of the rare earth mining that was generated by “profiteeringâ€. Small enterprises and intermediate traders will be eliminated.
On the one hand, China's rare earth tightening policy triggered the sharp rise in the price of rare earths, and on the other hand, the fear of unstable supply of rare earths. Western rare earth resources became a "hot spot" after the development of iron ore. According to the reporter's incomplete statistics, the supply of rare earths in the foreign market this year is nearly 20,000 tons, and the supply of new rare earths abroad will exceed 80,000 tons next year. Among them, the US Molybdenum Company will build an annual production capacity of 19,000 tons of rare earth capacity by the end of 2012. By the middle of 2013, Molybdenum's rare earth capacity will reach 40,000 tons, and its mining area in Malaysia also has heavy rare earth resources. Not only that, the Australian Linus Australia W eld mine and the Malaysian project will achieve a capacity target of 22,000 tons by next year. Is the South African remote company opening Zander Copps? The Dreyfufu Rare Earth Project is a typical heavy rare earth project with an oxide reserve of 950,000 tons. The South African remote company is also opening the Zandkops.drift rare earth project. It is expected to start production in 2015 with a production capacity of 20,000 tons. According to estimates, the unit price of its products is likely to be lower than the average price of China's rare earth exports in 2010.
Australian Minerals Chairman Dudley Kingsnorth said that there are currently 200 rare earth projects around the world planned to be developed. In 2011, China's actual production of rare earth minerals was 84,900 tons. If China's output remains unchanged, in 2013, the US's rare earth resources will reach half of China's, and the world's rare earth resource supply pattern will change dramatically.
“Japan, a major consumer of rare earths, has also adjusted its market strategy and restructured the supply of rare earths. Once the mining projects of the above countries are realized, it will have a profound impact on the global rare earth market supply pattern,†said Liu Yinan, vice president of China Minmetals Import and Export Chamber of Commerce. He said that the unilateral supply pattern of the world's rare earth market based on China's exports will be replaced by the multilateral supply pattern.
A rare person in the rare earth industry said in an interview that in the past few years, China's rare earth production has been oversupplied, and the company's scattered competition is fierce. It has become an industry habit to compete through price reduction. A Japanese company buys rare earth mines and often publishes information to many Chinese manufacturers. Whose price is low to buy who, this is also the direct cause of rare earth "selling", at present, the profiteering has spawned China's rare earth enterprises scattered, small workshops and a large number of smuggling activities have not been finally suppressed, once Faced with more competitors, some small rare earth mining enterprises in China will probably be the first to “reverse†and guarantee their own exports through price cuts, thus re-entering China’s rare earth exports into price wars and further hindering the integration of China’s rare earth industry. .
“Therefore, we should accelerate the pace of domestic rare earth integration and set up a large-scale rare earth enterprise group.†A person in charge of the China Rare Earth Association told the Economic Information Daily that the rare earth market downturn is the best period for integration, and the domestic policy should continue to promote the market. The pace of integration will form a leading enterprise for rare earths. On the other hand, the medium and heavy rare earths will be the focus of international competition. The country should consider the exploitation of foreign resources in terms of resource reserves, and shift the focus of reserves from light rare earths to medium and heavy rare earths. The supervision of the rare earth industry should be accelerated to prevent the blind expansion of rare earth mining and smelting in various places, thus preventing low-cost smuggling and vicious competition.
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