China's rare earth exports hit a four-year high

wallpapers Industry 2020-12-09

rare rare earth is not rare in China, but depending on China's large export, all countries in the world are taking advantage of this opportunity. According to the statistical data released by the General Administration of Customs of

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, China exported 3658 tons of rare earth in July, doubling from 1799 tons in the same period last year, setting a record for more than four years. From January to July this year, the total export volume was 17500 tons, an increase of 10.3% compared with the same period last year. While the export volume of

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has increased greatly, the selling price has dropped sharply. In the first half of this year, Inner Mongolia, China's main producer of rare earths, exported 2663.8 tons of rare earths, up 36.5% year-on-year, while the average export price dropped 34.7% to 32000 yuan per ton.

the price is close to the rising pork price. According to the national agricultural products information service platform of the Ministry of Commerce, the wholesale price of pork in Beijing was about 24 yuan / kg on August 25, and the retail price in some markets fluctuated around 30 yuan / kg. In recent years, the price of

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rare earth has been declining all the way, and the profit is becoming less and less. There is a general phenomenon of price inversion in the domestic market, that is, the price is lower than the cost price, and the demand is low, which leads to the continuous decline of the domestic market volume.

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in spite of this, domestic enterprises have not suffered serious losses in the Chinese market. This is because in the domestic market, the shipment is less, basically no transaction, and most of the transactions are old customers. Compared with

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, China's export volume of Rare Earth continues to rise. Chinese enterprises generally adopt the strategy of small profits and high sales in overseas markets. Since January this year, China officially abolished the export quota restrictions for 17 years. In May, the ore export tax was cancelled. In addition, the recent devaluation of RMB has made the current environment more and more conducive to rare earth export.

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are rare resources of strategic significance, known as "mother of new materials" and "industrial vitamin". They include 17 rare earth elements such as lanthanum, praseodymium, neodymium and dysprosium. They are widely used in aerospace, electronic information, nuclear industry, metallurgy, chemical industry, permanent magnetic materials, new energy and other high-tech fields.

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China is the country with the largest rare earth reserves and production in the world. The proven rare earth resources are about 65.88 million tons, accounting for 36.67% of the global reserves. In the past years, China's supply of rare earth exceeded 90% of the total global supply. Although it has declined in recent two years, it is still as high as 80%. In 2014, China's rare earth output was 87000 tons, and the demand was about 80000 tons, both of which were the largest in the world. In fact, the United States and Russia also have a lot of rare earth resources. The proven reserves of rare earth in the United States are 13 million tons, 19 million tons in Russia and 5 million tons in Australia. However, these countries did not exploit their own resources in large quantities. Instead, they imported Chinese resources at low prices and then hoarded them as strategic reserves.

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, but for a long time, the layout of China's rare earth industry is chaotic, fierce competition among peers, and serious overcapacity, resulting in the low price of rare earth. The reason of

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is that China's rare earth industry has overcapacity and the homogenization competition is becoming increasingly fierce, which makes the rare earth market in the buyer's market. Although China is the world's largest producer of rare earths, it does not have a matching pricing power, which is in the hands of a small number of foreign companies such as the United States, Japan, Europe, South Korea, Australia and so on. However, China has gradually realized the importance of strategic planning and industry layout. At the beginning of 2014, the Ministry of industry and information technology issued the work guidelines for the establishment of large rare earth enterprise groups, which planned to form six rare earth groups, including Chalco, Minmetals, Baotou Iron and steel (Group) Co., Ltd., Xiamen tungsten industry Co., Ltd., Ganzhou rare earth group Co., Ltd., and Guangdong Rare Earth Industry Group Co., Ltd., and integrate all rare earth mines and smelting in China by the end of 2015 Separation of enterprises and Realization of substantial reorganization with assets as the link.

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on May 14, this year, the Ministry of land and Resources said that the above integration and reorganization plan has been approved and filed by relevant departments.

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will strengthen internal integration and strengthen management and control coordination from the source of production. Let China's rare earth enterprises form a joint force with the outside world and change the current situation of oversupply. However, due to the fact that the integration of relevant domestic enterprises has not yet been completed and there are many contradictions with the local government, the integration may not be completed before the end of the year, so the production and marketing of rare earth can not be effectively controlled.

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make rare earth return to its due value from the perspective of industry and national strategy. China's rare earth enterprises should determine the price by supply and demand, and achieve the purpose of changing supply and demand by controlling output. In addition, we should keep the status of rare earth application research and development center in China, control the middle and high end of rare earth manufacturing industry, and occupy a favorable position in rare earth pricing.

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are affected by the slowing down of the global economic trend, and the bulk commodities have declined as a whole. Neodymium oxide used in magnets and praseodymium oxide used in lasers are at their lowest prices in more than four years. Lanthanum oxide used in hybrid electric vehicle batteries and yttrium oxide used in microwave filters are at their lowest prices since 2010. Recently, rare earth prices of

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have stabilized. Near the end of the year, the integration of large groups is bound to accelerate, and good news from the industry is expected to emerge, and the rare earth price is expected to usher in a wave of correction rebound. At present, the market of

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is still relatively low, and the operation in the second half of the year remains to be observed. It is believed that with the gradual improvement of the rare earth industry, the price of rare earth products will rise.


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