The hottest rare earth prices soared, China gradua

Rare earth prices soar, China gradually expands its industrial influence, and the United States is in a hurry

since the beginning of the year, the average price of praseodymium and neodymium oxide, a landmark rare earth product, has risen by 43%. The rise of this product has accelerated significantly since June, contributing more than half of the increase in less than two months

a shares corresponding to the company's share price also rose significantly. Since June, the rare earth in the North has increased by 31% and the rare earth permanent magnet sector has increased by 16.4%

Chinese rare earth enterprises are also exploring overseas resources. On July 11 this year, Shenghe Resources announced that the asset purchase agreement of the joint venture for the overseas rare earth mine mountain pass, which is located in California, the United States, has been approved

Americans seem to be more afraid of China's influence in the rare earth field - American media reported that the head of American elements met with Trump's chief strategist Bannon on Monday to persuade him to nationalize mountain pass, because the rare earth mine has military uses

including standard color masterbatches, pigments and special medical products

the rare earth crackdown continues to deepen

the rise in rare earth prices since June has something to do with the rare earth "crackdown" since the end of last year

in 2010, the price of rare earth once soared. However, after that, affected by overcapacity and illegal production in the industry, the rare earth market price fluctuated downward. Since 2011, rare earth prices have retreated by about 80% from the high point

in order to maintain the normal production order of the industry, the Ministry of industry and information technology, together with eight ministries and commissions, launched a special governance action for the rare earth industry in December 2016

in June this year, the rare earth office of the Ministry of industry and information technology set up an expert group to rectify the order of the rare earth industry, which plans to regularly crack down on illegal rare earth production. At the same time, Guangxi, Jiangxi, gongjianping said that Shanxi and other places have also promoted special actions to crack down on illegal rare earth production

the previous rectification was mainly for illegal enterprises outside the six major groups (Chinalco, North rare earth, Xiamen tungsten, China Minmetals, Guangzhou, but at the same time can calculate the data, East rare earth and south rare earth). In fact, some smelting and recycling enterprises under the six major groups also used rare earth raw materials in violation of regulations. The economy said that the rectification included six major groups and would strictly control the smelting and recycling enterprises under the group

there is oil in the Middle East and rare earth in China

Deng Xiaoping mentioned during his southern tour in 1992: "there is oil in the Middle East and rare earth in China."

according to the data of the United States Geological Survey (USGS), as of 2016, the global rare earth mineral reserves were about 120 million tons, and China's rare earth mineral reserves were 44 million tons, accounting for 36.67% of the world's reserves, ranking first in the world

although China's rare earth reserves rank first in the world, they are far from being "exclusive". However, in 2016, the global rare earth production was 126000 tons, and China contributed 105000 tons, accounting for 83%

industrial research indicates that the ratio of global rare earth reserves divided by production in 2016 is close to 1000. This means that in the case of insufficient exploration, the existing rare earth can be mined for nearly 1000 years, which also shows that rare earth is not scarce. China's influence on the global rare earth is more focused on production than reserves

moreover, Chinese rare earth enterprises are still exploring overseas resources. On July 11 this year, Shenghe Resources announced that the asset purchase agreement of the joint venture for the overseas rare earth mine mountain pass has been approved. Located in California, the mine was once a major source of rare earth in the world. However, after 2000, with the increasing cost competitiveness of China's rare earth, mountain pass gradually lost its competitiveness

is the United States in a hurry again

US media reported that the head of American elements Corp. met with Trump's chief strategist Bannon on Monday to persuade him to nationalize mountain pass because the rare earth mine has military uses

the person in charge said that when Shenghe invested in the mtmarion lithium project, the mountain pass mine won the bid by resources should be transformed into a state-owned laboratory dedicated to rebuilding the rare earth mining industry in the United States, to prove that the United States also has the ability to build high-tech factories

from the downstream application of rare earth sorted out by industrial research, nearly half of rare earth is used in the permanent magnet industry. The most important raw material for the permanent magnet industry is the symbolic rare earth product praseodymium neodymium

at present, rare earth permanent magnets are widely used in new energy vehicles and other fields, and the output of rare earth permanent magnet enterprises generally increased by 10%-30% in the first half of the year. Rare earth permanent magnets are also raw materials for key components of military equipment such as missile weapons. As mentioned above, China contributes nearly 90% of the world's rare earth production - which is what worries Americans