China Minmetals Chamber of Commerce: rare earth prices will continue to rise

Xinhua News Agency, Beijing, December 28. According to Asian Metal, Xu Xu, chairman of the China Chamber of Commerce for Import and Export of Metals, Minerals and Chemicals, said on the 28th that as the prices of bulk commodities such as copper, oil and iron ore rise, rare earth prices still have potential Continue the upward trend in recent years.　

Xu Xu said at an industry conference that rising rare earth prices are not a unique phenomenon. He said that China's rare earth industry needs to be integrated to increase its influence on rare earth pricing. Xu Xu said that China should raise the environmental access threshold for the domestic rare earth mining industry. He also urged the promotion of diversified global supply of rare earths.　

Imported rare earth metal ore exceeded 10,000 tons for the first time this year

Xinhua News Agency, Beijing, December 28 (Reporter Wang Xi) Xu Xu, chairman of the China Chamber of Commerce of Metals Minerals and Chemicals Importers and Exporters, said on the 28th that China's exports of rare earth products have basically remained stable since 2001. At the same time, as domestic consumer demand increases, imports of rare earths this year The metal mine exceeded 10,000 tons for the first time.

"Although the prices of rare earth products have risen significantly, it can be seen from the increase in the international prices of crude oil, copper, iron ore and other bulk products in the same period that the increase in rare earth prices is not unique." Xu Xu said.

At the same time, my country imported 10,381 tons of rare earth metal ore from January to October this year, breaking through 10,000 tons for the first time, an increase of 144.09% year-on-year.

Xu Xu said that this shows that while the long-term stable export supply of rare earths, my country's domestic rare earth consumption has increased significantly, and domestic rare earth companies have begun to turn their attention to foreign countries to make up for the lack of domestic supply.

"The way out for China's rare earth industry lies in application," said Zhang Anwen, deputy secretary-general of the Chinese Rare Earth Society. Although China's rare earth industry has made progress in separation and smelting technology, the lack of core patents has not been resolved. High-end medical devices, key components and other devices Still dependent on imports.

Ministry of Commerce: It is not appropriate to estimate the annual total volume based on the first batch of rare earth export quotas

Xinhua News Agency, Beijing, December 28 (Reporter Lei Min) The Ministry of Commerce issued the first batch of rare earth export quotas in 2011 on the 28th. The person in charge of the Foreign Trade Department of the Ministry of Commerce said in a statement that in order to facilitate the normal progress of rare earth trade, the Ministry of Commerce will first issue the first batch of rare earth exports in 2011 when the total export quota for the whole year of 2011 has not been finalized. quota. It is not advisable for all parties to estimate the annual total based on the first batch of export quotas issued this time.

The person in charge also pointed out that for the total export quota of rare earths in 2011, the relevant departments are under negotiation. China will comprehensively consider China's rare earth production, domestic and international demand and sustainable development needs and other factors to determine. After the total quota is determined, the Ministry of Commerce will release it in a timely manner.