Japan High Prices to Buy Australian Rare Earth
Japan and Australia signed a preliminary agreement to buy rare earth, and this strategic move aimed at reducing Japan to China, the world's leading producer of rare earth dependence.
For the Japanese regarding the purchase of the Australian earth, much exaggerated, but China seems to be the rare earth industry is not too much response, the matter has little effect for the rare earth industry in China.
Adjustment of individual prices at RE stage
The recent overall market volume of rare earth less dense atmosphere, watching the market. As buyers on the sidelines of NdFeB magnetic material, resulting in less turnover of Pr-Nd mixed metal, mainstream prices were down there. Despite the recent price stability neodymium oxide, but the overall turnover is relatively flat, because the overall trend of the rare earth market uncertainty, consumers and traders purchasing cautious recently do not want to cover short positions.
The current prices of individual products of rare earth fell slightly, by the Chinese build a green economy and green energy and recycling economy, the environment is not mature, the initiative caused the low overall proportion of investment. Long-term interests of the harmonious development of the market awareness is not high, compared to strong demand in developed countries, and even launched an attack on China because of rare earth, rare earth that speaks for the importance of high-tech and emerging industries. National attention given to the overall development prospects of rare earth industry, society should protect the environment, science and technology innovation to increase the use of rare earth and input to the economic transformation of our new services, which makes earth shares will be more optimistic about the future.
Australia, Japan, by way of highlighting the value of the Chinese Rare Earth
Rare Earth in China when the market is stabilizing, by way of Australia and Japan to buy rare earth rare earth industry in China will result in exactly what kind of impact?
Since China opened collection of rare earth ore smelting and separation technology is the most low-end global cost curve, ie rare earth products in China firmly pricing. Only when the price rose to a height of Rare Earth made profits greatly thickened, the foreign mine only resume production power. The cost curve is outside the mine when the top of the resumption of production, in order to guarantee profits, will become the future protection of the global price of rare earth products. Australian mining would not worry about a threat to domestic corporate profits; and more the appearance of rare earth mineral resources supply will help link the current pressure on China.
Lynas Corporation under the agreement with Japan, including acquisition, distribution and financing, the contract involves Lynas 2011, Phase II project in Western Australia's mineral output, and processing plants in Malaysia and imported materials production. Lynas a project put into operation in the third quarter of 2011, the initial capacity of 11,000 tons / year of rare earth oxides. Phase II is expected to reach capacity in 2012, so that further expansion of production capacity to 22,000 tons.
Only in 2009 the Chinese production of nearly 13 million tons of rare earth oxides, oxides of export quota this year is 3 million tons. Lynas production and sales targets if achieved, will indeed take part of the international market of rare earth, the so-called market pressures can actually be ignored.
Price in the rare earth oxide to lanthanum oxide as an example, Lynas official website of the company is given 29 November 2010 FOB lanthanum oxide 60 U.S. dollars per kilogram, while the re-refined rare earth dysprosium oxide, europium oxide, terbium and other product prices have reached hundreds of dollars per kilogram.
Produced by Lynas mainly light rare earth rare earth ore, and similar types of Baotou Rare Earth Products. The light rare earth could have been relatively abundant reserves of rare earth species, Australian mine expansion will not affect the supply and demand pattern and serious. As for distribution in southern China, the reserves of more heavy rare earth, Lynas's product structure can not be replaced.
"Japan High Prices to Buy Australian Rare Earth", was submitted 01/31/2012 under category World Affair.
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