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- China Rare Earth export prices surged more than 9 times one yearPublished??2011??06??13??
- Reuters reported that statistics show that in February this year, the average export price of China rare earth has over 10 million U.S. dollars / ton, compared with a year ago, soaring by 9 times. Report said, with prices soaring in sharp contrast to the Chinese Rare Earth exports have continued to remain at historically low levels, indicating China's restrictions on the export of rare earth policy has an impact on the international market.
Rare is the periodic table of chemical elements in the lanthanide and 15 kinds of lanthanide elements with two elements are closely related to scandium (Sc) and yttrium (Y) a total of 17 elements and oxides in general. Rare earth metals in modern industry has been widely used and has important value in the precision-guided weapons, hybrid cars, flat panel displays and sophisticated electronic products are widely used.
China is the world's largest exporter of rare earth, while Japan is the world's largest importer of rare earth. July last year to impose restrictions on exports maintain the level of Rare average price of about $ 14,405 per ton position, something less than a year, China exported to the international market of rare earth prices soared nearly 9 times.
Reuters, according to data released by China's General Administration of Customs show that in the past few months, the average price of Chinese exports is basically a month of rare earth rose 1 million / ton. Since the beginning of this year, Chinese exports are particularly alarming price increase of rare earth, Customs data show that in February alone, exports to China Rare Earth month prices rose an average of $ 34,000 / ton. As of the end of February, the average price of Chinese exports of rare earth has been as high as $ 109,036 / ton.
Limit the introduction of rare earth export policy of China, the United States, Canada and Australia and other countries has increased the domestic rare earth resources exploration and development efforts. Although northeastern Japan earlier this month a major earthquake occurred, but China's rare earth export to Japan does not seem to be affected. Customs data show that China's exports to Japan in February, 281 tons of rare earth, the price amounted to $ 38,900,000, down conversion of up to $ 138,406 per ton.
Limiting the production price inflation in China the world's largest rare earth mine re-opened
In the last century to the mid 60s, late 80s, Mountain Pass rare earth mining was once the world's largest sources of supply, but it in 2002 to 2007 five-year suspension, although the end of 2010, mining resumed, until the scale is still today small. However, the company has ambitious molybdenum mine, said the company is in full swing operation, the annual output is expected before the end of 2012.
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