Experts recently said in an interview that the sharp rise in rare earth prices is good news for the industry, but it also lurks multiple hidden troubles.
According to Zhang Hongjiang, director of the China Rare Earth Information Center, since the second half of 2005, rare earth industries plagued by “earth prices†for nearly 7 years have been making efforts to rebound. At present, the prices of antimony oxide and antimony oxide have reached 12,000 yuan per ton. Around, an increase of 0.4 million yuan. The prices of antimony oxide and antimony metal have risen to about 130,000 yuan and 180,000 yuan per ton, respectively, which has more than doubled. Other antimony oxides, antimony oxide, antimony oxide, etc. have also risen to about 120,000 yuan per ton.
Zhang Hongjiang analyzed that after years of promotion, rare earths are widely used in industries such as industry, agriculture and national defense. In 2005, the consumption of rare earths in China's industries, agriculture, and national defense increased to 51,900 tons, and the direct benefits of rare earth applications were around 50 billion yuan.
“In the past few years, rare earths were cheap and popularization was applied. After the price rises, it will inevitably have an impact on the promotion and application process and even existing application results.†Some experts said with concern. Analysis of the original president of Baotou Rare Earth Research Ma Pengqi said that rising rare earth prices will inevitably increase the contradiction between supply and demand of resources. As the production capacity of the rare earth industry is still excessive, the supply and demand situation of rare earth concentrates will become more severe after the market rebound. The phenomenon of unlicensed mining, indiscriminate mining, and illegal smelting in rare earth mines around the world may resume.
In addition, the rare earth price rebound may also lead to another disorderly expansion of rare earth production capacity. The rare earth market has been warmer for more than a year, and there has been a new round of rare earth capacity expansion in China. In the “Rare Earth Capital,†Baotou City, many companies have already begun to implement expansion plans or expansion plans. The scale of expansion of production capacity ranges from hundreds of tons to more than 2,000 tons. Some of the expansion projects are nearing completion.
Experts believe that the current production capacity of the domestic rare earth industry is still excessive, if the blind expansion can not be rectified, the rare earth industry is likely to relapse into a vicious cycle of price ups and downs.
According to Zhang Hongjiang, director of the China Rare Earth Information Center, since the second half of 2005, rare earth industries plagued by “earth prices†for nearly 7 years have been making efforts to rebound. At present, the prices of antimony oxide and antimony oxide have reached 12,000 yuan per ton. Around, an increase of 0.4 million yuan. The prices of antimony oxide and antimony metal have risen to about 130,000 yuan and 180,000 yuan per ton, respectively, which has more than doubled. Other antimony oxides, antimony oxide, antimony oxide, etc. have also risen to about 120,000 yuan per ton.
Zhang Hongjiang analyzed that after years of promotion, rare earths are widely used in industries such as industry, agriculture and national defense. In 2005, the consumption of rare earths in China's industries, agriculture, and national defense increased to 51,900 tons, and the direct benefits of rare earth applications were around 50 billion yuan.
“In the past few years, rare earths were cheap and popularization was applied. After the price rises, it will inevitably have an impact on the promotion and application process and even existing application results.†Some experts said with concern. Analysis of the original president of Baotou Rare Earth Research Ma Pengqi said that rising rare earth prices will inevitably increase the contradiction between supply and demand of resources. As the production capacity of the rare earth industry is still excessive, the supply and demand situation of rare earth concentrates will become more severe after the market rebound. The phenomenon of unlicensed mining, indiscriminate mining, and illegal smelting in rare earth mines around the world may resume.
In addition, the rare earth price rebound may also lead to another disorderly expansion of rare earth production capacity. The rare earth market has been warmer for more than a year, and there has been a new round of rare earth capacity expansion in China. In the “Rare Earth Capital,†Baotou City, many companies have already begun to implement expansion plans or expansion plans. The scale of expansion of production capacity ranges from hundreds of tons to more than 2,000 tons. Some of the expansion projects are nearing completion.
Experts believe that the current production capacity of the domestic rare earth industry is still excessive, if the blind expansion can not be rectified, the rare earth industry is likely to relapse into a vicious cycle of price ups and downs.
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