China Rare Earth in the international market will remain dominant

[Tungsten Online News - Tungsten News]
Some industry insiders here at the fifth "China Baotou Rare Earth Industry Forum", said that in recent years, accelerated development of rare earth resources abroad, the global supply of rare earth diversified pattern is taking shape, but the future of China in the international rare earth market dominance is difficult to shake.
Rare earth prices in the international market prices, tight supply and other factors, in recent years, the United States, Australia, Russia, India, Brazil, Thailand and other countries have moved to restore or start development of rare earth resources.
Baotou Steel Rare Earth Hi-Tech Co., general Molybdenum crucible Zhang said that at present, the production of foreign rare earth mine in Mountain Pass mine are the United States, Australia Weld mine, mine, etc. Russia's Kola Peninsula, these mines years production capacity from several thousand tons to 25,000 tons range, but there did not achieve full capacity. In addition, Vietnam, India, Australia, Canada, Kazakhstan, South Africa and other countries are also building a number of rare earth resources development projects, these projects into production, of production still time.
China Rare Earth Association Deputy Secretary-General Zhang Anwen said, according to incomplete statistics, the foreign enterprises built, under construction production capacity of close to 70,000 tons of rare earth, rare earth supply internationally diversified pattern is taking shape.
Zhang Anwen, who believe that the past 20 years, the global supply of rare earth heavily dependent on China, leading to excessive consumption of rare earth resources in China, illegal exploitation, destruction of the ecological environment issues outstanding. Supply pattern change, on the one hand will help China rare earth mine life extension, is conducive to the sustainable use of rare earth resources in China. On the other hand, China rare earth enterprises are facing competitive pressure will also increase.
Zhang and other enterprises responsible person said that the current rare earth development projects abroad, mainly the production of light rare earth products, so in the future light rare earth products will become increasingly fierce market competition, but China will remain in the production and supply of heavy rare earth products dominate.
In addition, foreign development of rare earth smelting separation project put into operation, will depress world market prices of light rare earth products. Taking into account foreign light rare earth products and Chinese products compared to the lack of light rare earth cost advantage, some foreign rare earth development, smelting separation project will face operating pressure, and even into a loss situation, Chinese products in the market is still very obvious advantages.