DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/c61e88/china_rare_earth_i) has announced the addition of the "China Rare Earth Industry Report, 2010-2011" report to their offering.
The prices of rare earths have skyrocketed since 2010. For instance, the spot market price of europium oxide in China hit the historic high of RMB25,000/kg on June 17, 2011, with a 739% increase against the beginning of the year 2011. As China is tightening policies on rare earth production and major overseas rare earth mines have not been put into production, the global rare earth supply shortage will continue in 2011.
Currently, among key rare earth mines overseas, Mountain Pass in the United States and Mt. Weld in Australia are the only two mines with specific exploiting plans released and will officially start operation in 2012 at the earliest, with an optimistic estimated rare earth capacity of 30 thousand tons in total. As for Nechalacho, Hoidas Lake and other mines, they will be put into production after 2013.
In 2010, the actual rare earth output approximated 120 thousand tons in China, a slight decline compared to 2009. The integration of rare earth industry in the main producing areas including Inner Mongolia and Jiangxi province has been accelerated. For instance, rare earth resources in Inner Mongolia will be monopolized by Inner Mongolia Baotou Steel Rare-earth (Group) High-Tech; major rare earth mines in Ganzhou (Jiangxi province) have stopped production for consolidation. It is expected that the disordered situation of rare earth production in China will be significantly improved in 2011. In the next few years, the output of rare earths will remain steady with a slight decline in China.
Companies Mentioned Include the Following:
- Beijing Zhong Ke San Huan Hi-Tech Co., Ltd
- China Minmetals Non-ferrous Metals Co. Ltd
- China Minmetals Rare Earth Co., Ltd
- China Rare Earth Holdings Limited
- Gansu Rare Earth New Material Co., Ltd
- Grirem Advanced Materials Co., Ltd
- Guangdong Rising Nonferrous Metals Group
- Hunan Rare Earth Metal & Material Institute
- Inner Mongolia Baotou Steel Rare-earth (Group) High-Tech Co., Ltd.
- Jiahua Advanced Material Resources Co., Ltd
- Jiangmen KanHoo Industry Co., Ltd
- Jiangxi Tungsten Industry Group
- Leshan Shenghe Rare Earth Technology Co., Ltd
- Ningbo Yunsheng Co., Ltd
- Shaanxi IRICO Phosphor Material Co., Ltd
- Taiyuan Twin-Tower Aluminum Oxide Co., Ltd
- Xiamen Tungsten Co., Ltd
For more information visit http://www.researchandmarkets.com/research/c61e88/china_rare_earth_i.