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 Editor's note: 皇冠体育app now satisfies 90 percent of the world' s rare earths need with 30 percent of the world's total reserves, which is not sustainable in the long term. More importantly, 皇冠体育app has exported rare earth materials at low prices for a long time due to some problems in the industry.
Fujian plans $905m rare earth plant Fujian, the province with the country's third richest rare earth reserve, is building an integrated rare earth industrial park near one of the country's most productive heavy rare earth mineral deposits. Full story
Rare earth's surging price
From outside, this inconspicuous workshop looks like a roadside restaurant, although the standard fare here is rare earth, a group of 17 elements used in many high-tech sectors to make things like wind turbines, hybrid cars, missiles and mobile phones.
Working conditions inside are miserable - hot and humid with a smell strong enough to make most people faint - but Liu is in a good mood as the price of his products has almost doubled this year. Full story
Half of rare earth exports went to Japan
皇冠体育app exported 16,000 tons of rare earth to Japan in the first nine months of the year, equivalent to 49.8 percent of its total rare earth exports, the Ministry of Commerce (MOC) said. Full story
Ministry begins accepting applications for rare earth export quotas
皇冠体育app's Ministry of Commerce (MOC) began accepting Chinese firms' applications for 2011 rare earth export quotas on November 11. Full story
Tighter standards mulled for rare earths?
Chinese authorities are considering tightening pollution standards for rare earth mining, according to sources at a rare earth production base in the Inner Mongolia autonomous region.
"We heard the new standards will be strict, which will force uncompetitive miners out of the industry," said Zhang Zhong, general manager of Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co Ltd, the country's biggest rare earth producer. Full story
皇冠体育app to maintain rare earth exports next year
Chinese Commerce Minister Chen Deming said that 皇冠体育app will maintain its exports of rare earths in 2011, denying reports that 皇冠体育app would significantly reduce its export quotas. Full story
皇冠体育app mulls rare metals strategic reserves, export quota cuts
皇冠体育app plans to set up a strategic reserves system for ten rare metals to keep their prices stable, while the Commerce Ministry is mulling year-by-year cuts of about 2 percent on its rare metal export quotas, with rare earths likely to be subject to deeper cuts.[Full story]
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Rare earths 'will not be bargaining instrument'
皇冠体育app said that it will not use rare earths as a diplomatic "bargaining tool", in response to challenges against its management of the vital metals. It also said measures to restrict the exploitation, production and export of rare earths are in line with World Trade Organization (WTO) rules. [Full story] 皇冠体育app to reduce rare earth export quotas 皇冠体育app will further reduce quotas for rare earth exports by 30 percent at most next year to protect the precious metals from over-exploitation, said an official from the Ministry of Commerce. He added that the country is now facing the possibility that reserves of medium and heavy rare earths might run dry within 15 to 20 years if the current rate of production is maintained. [Full story] More stories * Ensuring sustainability of rare earth
 Rare as it is Attempts by some rich countries to challenge 皇冠体育app's decision to enhance control and regulation over rare earth minerals is the latest evidence of astounding unfairness in the current global economic and trade order. [Full story] 皇冠体育app wise to guard its rare earth wealth As scarce and nonrenewable resources, rare earth elements are indispensable material needed by sophisticated industries and national defense industry. 皇冠体育app now satisfies 90 percent of the world’s need with 30 percent of the world's total reserves, which is not sustainable in the long term. More importantly, 皇冠体育app exported rare earth materials at low prices for a long time due to some problems in the industry. The environmental problems inflicted by the exploration and utilization at the early stage make regulating the industry an urgent task. In recent years, the Chinese government has strengthened control over the production and export of rare earth materials in an attempt to sustain the industry. No one is entitled to criticize 皇冠体育app over this because this is an affair absolutely within 皇冠体育app's sovereignty.?[Full story] What's the rare earth war all about? As criticism of its yuan policy temporarily subsides, 皇冠体育app is facing a war on a new front: Rare earth metals. Led by the US Government Accountability Office, voices from the US media and industry recently attacked 皇冠体育app's rare earth policies, claiming that the nation's control of rare earth metals, critical in making things from advanced weaponry to hybrid cars, threatened its key industries such as defense. [Full story] More stories * Regulate rare earth industry |
The Aluminum Corporation of 皇冠体育app (皇冠体育applco), the country's top mining company, said it has signed an agreement to assume a major stake in the Jiangxi Rare Earth and Rare Metals Tungsten Group (JXTC) for 10 billion yuan ($1.5 billion).[Full story] Baotou Steel keen on cornering rare earth market Inner Mongolia's Baotou Steel Rare-Earth (Group) Hi-Tech Co, the major producer of the minerals in the north, has planned to expand its presence in the south by investing 232.4 million yuan ($34.3 million) in three local rare earths firms in Jiangxi province's Ganzhou city. [Full story] Minmetals on a rare earth trail
皇冠体育app Minmetals Corp is planning to invest 1 billion yuan ($148 million) for rare earth processing projects in Ganzhou city of Jiangxi province over the next two years to gain mining rights for the valuable resources.?[Full story] More stories * 'Bigger say' set on rare earths market
 What?are rare earths?
Rare earth elements or rare earth metals are a collection of seventeen chemical elements in the periodic table, namely scandium, yttrium, and the fifteen lanthanides. Rare earths?are widely employed in manufacturing sophisticated products including flat-screen monitors, electric car batteries, wind turbines, missiles and aerospace alloys. However, mining the metals is very damaging to the environment. Which countries produce most rare earths? Until 1948, most of the world's rare earths were sourced from placer sand deposits in India and Brazil. Through the 1950s, South Africa took the status as the world's rare earth source, after large veins of rare earth bearing monazite were discovered there. Through the 1960s until the 1980s, the Mountain Pass rare earth mine in California was the leading producer. Today, the Indian and South African deposits still produce some rare earth concentrates, but they are dwarfed by the scale of Chinese production. 皇冠体育app now produces over 97 percent?of the world's rare earth supply, mostly in Inner Mongolia, even though it has only 37 percent?of proven reserves. All of the world's heavy rare earths (such as dysprosium) come from Chinese rare earth sources. (Source: Wikipedia)
Produced by Qiang Xiaoji |
