China’s crackdown on the export of rare earth hurted the West’s nerve
China Rare Earth had “bargain away“ in the globel
Rare Earth is an important strategic resource, it has excellent light, electricity, magnetism, superconductivity, catalysis and other physical characteristics, the composition of other materials with different properties, a wide variety of new materials, it is “industrial monosodium glutamate,” “The new material of the mother” in the world. In the military field, its most significant role is to be able to significantly increase manufacturing tanks, aircraft, missiles and satellites fighting properties of steel and alloys.
In terms of total reserves, the rare-earth than the gold-rich, but its distribution is very uneven, mainly in China, the United States, India, Russia and a few other countries. Rare-earth as the world’s number one big country, China has proven reserves of rare earth industry accounted for 80% of the world, and has all types of high-grade ore spot a reasonable distribution and so on.
However, the valuable rare earth resources in China’s been an alarming price of a salesman who cheapens. According to statistics, 90 years from the date of the last century, China’s export volume of rare earth increased by about 10 times the average price been lowered to the initial price of about Liu Cheng. In the world electronics, lasers, superconductors and other high-tech industry growing exponentially the size of the case, China’s rare earth prices have not soared in the United States bought from China Rare Earth actually lower than the price of its domestic exploration costs.
The loss of strategic resources can no longer be
“Middle East oil, China has the rare-earth.” This is Deng Xiaoping’s famous remark. However, when the rare earth as a strategic resource developed countries will be protected and mass storage at the same time, China has carried out its “Big Bargain”, leading to Europe and the United States each year is extremely low prices hoarding, once the shortage of resources, they throw inventory to drive down prices.
Today, China holds more than 90% of the world’s rare earth market share, but the lack of market pricing, which has aroused strong concern insight. Peking University, Dr. Qingyan article “China should immediately ban the export of rare earth”, once on the Internet has been widely reproduced. A domestic site surveys showed that 97.6% of Internet users believe that the country should strengthen export controls of rare earth, there are more than 60% of the people in favor of a strategic industrial raw materials as a bargaining chip in negotiations with Europe and the United States.
In fact, China’s Ministry of Land and from 2007 onwards began regulation of rare earth production. Earlier this month, the Ministry of Industry and Information Technology also revealed, will expedite the development of relevant policies and regulations, and actively promote the “Rare Earth Industry Development Plan” and the “Rare Earth Industry Industrial Development Policy” issued to meet the Ministry of Commerce improved export management mechanism, and further fine – export tariff lines of rare earth products, strict accreditation of rare earth export enterprises, improve the distribution of rare earth export quotas to prevent the loss of resources.
Under the new plan, the next six years, the total amount of China’s rare earth export quota, will be controlled at 3.5 million ton / year or less and are prohibited from export of dysprosium, terbium, thulium, lutetium, yttrium and other rare earth metal. At the same time, the state also plans to conduct a large-scale mergers and acquisitions of rare earth industry in regulating the operation of the industry, gradually built around 20 key enterprise groups.
Europe and the United States worry about the technological advantages of hit
Integrated foreign media reported that China’s rare earth export policy aimed at tightening the increasing number of developed countries are actively looking for rare-earth region outside of China the source of some mining companies are also plans to expand its production of rare-earth ore.
The United States, the world’s rare earth reserves account for 1 / 9, but in the last century 80′s, the country’s rare earth ore sourcing from China due to cheaper products to a more basic closed. It is said that the United States is preparing to restart the molybdenum mining company abandoned nearly 20 years of Mountain Pass rare earth mine in California. In addition, Canada aphthous Long metals companies are trying to develop new mines in Western Canada, the north, although Japan has to support 20 years of rare earth reserves, but its business in Kazakhstan also participated in the uranium extracted from the rare-earth activities, also plans to Indonesia’s attempt to extract rare earth from the tin mines, and to study in Mongolia, Vietnam, mining possible.
The authority of the United States of Rare Earth Resources Research Jiekelifu Burton “worried” that the missiles, aircraft and other military equipment needs of rare earth elements, to produce heat-resistant electrical and alloy materials, precision-guided weapons are also dependent on rare earth elements. If China’s restrictions on the export of rare earth, the Western countries must develop alternative resources, get rid of dependence on China, or else it will lead to more reliance on rare earth high-tech companies moved to China, so China to speed up the technological superiority of Western Challenge.
Analysts believe that the Western countries with a large amount of cheap imports from China Rare Earth, sufficient to meet the demand in recent years. However, as China, is not too late, is still to protect its own advantages in resources, to ensure the long-term needs of domestic industries move.
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