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According to reports, China, which has been the world's largest exporter of rare earths for many years, has become the world's largest importer of rare earths in 2018
.
• Castillo, managing director of Adamas Business Intelligence, said that the United States ships lanthanum-rich ores to China and then buys back its oxides and chemical products.
The United States has become China’s main market for rare earths
.
Castillo added that China's import growth will be a long-term trend
.
"Any company that has achieved production in recent years has relied on selling rare earth concentrates to China
.
" ? The change from the world's largest exporter of rare earths to the world's largest importer is related to the measures taken by China to restrict exports and guarantee domestic demand
.
A person from Adamas Business, which closely follows the rare earth industry, once stated that in the second half of 2018, China will cut its quota for rare earth separation and smelting by 36% and limit rare earth production to 45,000 tons, which is the lowest level in more than five years.
It aims to provide sufficient supply for domestic buyers in China and better control the market
.
? Ryan of Adamas Trading Company
.
Castillo said that increasing exports will require China to consume already low inventories of neodymium, praseodymium and dysprosium used in electric vehicle engines
.
In the next 12 months, the price of neodymium praseodymium oxide may increase by 10% to 50%, and as supply exceeds demand, the price will also double in the next five years
.
? Foreign media reported that China is currently the world's largest producer and consumer of rare earths.
Rare earths include 17 elements that can be used to make electric cars and consumer electronics
.
China's exports of rare earths usually account for about 80% of global demand, about 156,000 tons per year
.
However, the export volume fluctuates drastically every month
.
Take September 2018 as an example, the export of rare earths surged by 15% compared with August, while the previous period had declined
.
The report also said that China’s export control and market dominance have had a considerable impact on foreign manufacturers that use rare earths as raw materials.
Japanese electronics manufacturer Matsushita stated that they are looking for new supply channels
.
.
• Castillo, managing director of Adamas Business Intelligence, said that the United States ships lanthanum-rich ores to China and then buys back its oxides and chemical products.
The United States has become China’s main market for rare earths
.
Castillo added that China's import growth will be a long-term trend
.
"Any company that has achieved production in recent years has relied on selling rare earth concentrates to China
.
" ? The change from the world's largest exporter of rare earths to the world's largest importer is related to the measures taken by China to restrict exports and guarantee domestic demand
.
A person from Adamas Business, which closely follows the rare earth industry, once stated that in the second half of 2018, China will cut its quota for rare earth separation and smelting by 36% and limit rare earth production to 45,000 tons, which is the lowest level in more than five years.
It aims to provide sufficient supply for domestic buyers in China and better control the market
.
? Ryan of Adamas Trading Company
.
Castillo said that increasing exports will require China to consume already low inventories of neodymium, praseodymium and dysprosium used in electric vehicle engines
.
In the next 12 months, the price of neodymium praseodymium oxide may increase by 10% to 50%, and as supply exceeds demand, the price will also double in the next five years
.
? Foreign media reported that China is currently the world's largest producer and consumer of rare earths.
Rare earths include 17 elements that can be used to make electric cars and consumer electronics
.
China's exports of rare earths usually account for about 80% of global demand, about 156,000 tons per year
.
However, the export volume fluctuates drastically every month
.
Take September 2018 as an example, the export of rare earths surged by 15% compared with August, while the previous period had declined
.
The report also said that China’s export control and market dominance have had a considerable impact on foreign manufacturers that use rare earths as raw materials.
Japanese electronics manufacturer Matsushita stated that they are looking for new supply channels
.
