China's Rare Earth Export Quotas Exceed International Demand -

China Tightens Rare Earth Exports

China may tighten the rare earth export policy soon, which has aroused strong repercussions abroad. But in fact, China's rare earth exports have been higher than the demand in the international market. Jeffrey Hogan, the famous entrepreneur of Canada said, the total annual quota amount of China rare earth has always exceeded the demand of the foreign market. Jeffrey Hogan listed ever since the year 2004, China rare earth quota amount and abroad amount of 2004 to 2008, China's domestic total rare earth quotas were 65,609 tons, 65,609 tons, 61,821 tons, 59,643 tons, 47,011 tons, while demand in the international market is 56,583 tons, 45,600 tons, 45,207 tons, 52,051 tons, 48,193 tons. It is just because of China's rare earth exports are beyond the world demand for a long time, leading the vicious competition in a lot of rare earth manufacturer, and resulting in the rare earth prices are very low, and which causes huge losses to China.

Increasing Development of Rare Earth Resources Abroad

With China rare earth new policy is forthcoming, many people abroad widely worried that China will tighten the export of rare earth. CBN previously reported that, the forthcoming "2009 to 2015 Rare Earth Industry Development Plan" from the beginning of this year to 2015, the rare earth export is controlled in about 35,000 tons. So far this year, China has for five consecutive years to reduce the amount of exports of rare earths. In addition, the foreign worry the two kinds of rare metals exports of terbium and cerium oxide powder will be banned. In the rare earth at the annual meeting yesterday, the raw material industry, deputy inspector of the Ministry of Industry and Information Technology Wang Caifeng disclosed, may be considered for inclusion prohibit the export of ores directory terbium and dysprosium two of the key rare earth metals are not prohibited from export. With China gradually reduce exports of rare earth, rich rare earth resources in the United States, Australia, Russia, India and other countries will also intensify efforts to mining of rare earth resources.

China's Rare Earth Export Slump

In fact, the depressed state of the exports of rare earths began from the fourth quarter of last year, and then it began to unravel. Consumption of rare earth products and therefore greatly affected by the severe impact of the real economy due to the risks of contagion in the world, the United States, Japan, Europe and other countries, has slowed down the development of major rare earth magnetic materials, computers and toys consumer industries, thereby reducing the demand for rare earth products. The decrease in world demand for rare earth, however, China's rare earth enterprises, have to continue in order to survive low prices of rare earth products sold. "The world financial crisis, especially in the United States and Japan sophisticated field is greatly hit, rare earth demand is reduced.

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