World rare earth rational development of diversified supply

According to Xinhua News, a number of Chinese and foreign rare earth experts have joined the “7th International Rare Earth Development and Application Conference and Second China Rare Earth Summit” in Ganzhou, Jiangxi Province, where heavy ion-based rare earths originated in the world, and countries around the world should rationally develop rare earths. The joint responsibility for the global supply of rare earths has contributed to the formation of a stable diversified supply of rare earths, which is conducive to the healthy development of the global rare earth industry.

European Union Rare Earth Industry Association president Benzi Li said: "In many countries, there are rare earths. It is reasonable to produce rare earths where rare earths are to be used. A local resource should not always be 'distanced' everywhere."

A number of experts said that a diversified supply of rare earths is forming. This is the consensus of the rare earth industry. “Compared with the data, it is found that there may be a supply shortage in the global rare earth market in 2013, but this situation will be reversed after 2014. Consumers can seek some comfort from the diversification of supply channels, and the proportion of western rare earth production is Increase,” said Nigel Tana, president of Metals of the UK.

Nigel Tanner said that the increase in Western production was mainly due to the restoration of the MountainPass project of the US Molybdenum Company and the expansion of the Wild Mountain project of the Australian Linus Company. These increases in supply should provide a relatively stable supply for rare earth consumers in the coming years, especially in light rare earths.

According to Lin Donglu, secretary general of the Chinese Society of Rare Earths, China's rare earths account for more than 90% of the world's market share. This has increased the consumption of rare earth resources in China, and also increased the pressure for environmental protection in resources. At the same time, due to the long-term low price, economic losses are self-evident. “There are rare earth resources in more than 30 countries around the world, but it has long been supplied by one country to the global market, which puts too much pressure on China. Therefore, the entry of rare earth countries into the supply team can slow China’s supply pressure.”

"After the supply pressure is eased, China will have more energy to manage the environment and rectify illegal mining problems." Lin Donglu said that diversified supply is relatively fair to the formation of the rare earth market. At that time, there were diversified and stable supply channels. The price will be able to return and tend to be reasonable, and it will not hurt the healthy development of the industry.

In 2011, the rare earth industry was abnormally inflated and the price of rare earths soared, causing damage to the global rare earth industry. At present, after experiencing more than one year of overall decline, rare earth prices have rebounded.

"However, the rise in the price of several elements can not make up for the shrinking of the market, the lack of purchasing power in the market, and the lack of trading volume. This should attract the attention of the whole industry in the world," said Ma Rongji, secretary general of the China Rare Earth Industry Association.

“The restoration of market confidence will take years,” Nigel Tana said. Now the governments of various countries around the world have realized that in many high-tech fields, including military, they rely heavily on the supply of rare earths. Therefore, many countries in the world are increasing their efforts in supplying rare earths.

According to experts, according to a follow-up study conducted by TMR, in recent years, 261 companies in 37 countries, including the United States, Canada, Australia, and India, have been conducting exploration, planning, evaluation, and beneficiation smelting tests on 429 rare earth projects. , construction, or resumption of production at different stages of the process.

However, the facts are not optimistic. Banzi Li said that the current new rare earth mining project is mainly light rare earth, the most critical medium rare earth rare earth.

Chinese rare earth expert Zeng Tianyuan found that rare earth projects that can have a significant impact on the world's rare earth market in the recent 3-5 years are few, but they can also diversify the global supply of rare earths to some extent.

A few years later, China’s share of rare earth production and exports will drop from the current 90% to 70% or even 50%. Chinese and foreign rare earth experts believe that this is a good pattern for the world and for China.

Zeng Tianyuan said that China supplies the world rare earth market with excessive, excessive consumption and wasted resources. China hopes that the world will have a sustainable and healthy development of the rare earth market, and countries should strengthen international cooperation.

Nigel Tana said that the stability of rare earth prices is related to the interests of all enterprises in the global rare earth community at a reasonable level. It is hoped that through the efforts of various resource countries in the world in the next few years, the supply diversification will form, and the stability of rare earth prices will also follow. The realization.