Japan multi-way purchasing high proportion of rare earth from China - Ningbo future strong magnet material co.,ltd

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Japan multi-way purchasing high proportion of rare earth from China

From January to April this year, Japan's rare earths imports increased by 19% than the same period last year, 4300 tons. Among them, China's rare earth production accounted for 63%, 11% higher than that of last year. Outside China, and larger imports of the France and Vietnam to produce rare earths, which are more than rare earths from China procurement processing of rare earth products, so many view actually chinese-made rare earths to Japan imports 80% of the total.

Japan is still unrealized re purchasing source of diversification. In the east China sea in 2010 the Chinese fishing boat and Japanese ships collision, China had halted exports to Japan of rare earth, in fact, Japan's procurement risks. Japanese trading company and started to buy from outside of China rare earth magnet manufacturers, since 2011, but in the enterprise constantly reduce the rare earth consumption, reduce domestic demand appeared in Japan. While China's domestic have excess capacity, so in total imported from Japan, China rare earth proportion in improving production.

Chinese rare earth proportion is rising, a Japanese company is specialized in rare earth trade argue that because the local producers of saddled with a large number of inventory low-cost sales ". China is both a producer and demand, as a result of production more than demand, expanding exports.

Neodymium magnet) (for Chinese export prices at the end of may for about $77 per kilogram. And dysprosium (used for magnetic) for about $575 per kilogram. Respectively compared to April fell by 4%, compared to high fell more than 80% in July 2011. Neodymium hitting a new low since 2 years and eight months, dysprosium and hit a new low since 2 years and 3 months.

Through the adoption of substitutes, the domestic rare earth demand stagnation phenomenon is very prominent. According to Japan's new metal association statistics show that in 2012 Japanese demand for rare earths, 10000, 4470 tons, 31% less than a year ago. For example as cerium abrasive, demanders reduced the usage. And home appliances also constantly switch without the use of rare earth magnet motor products.

At present, also has a view of rare earth demand already recovery. For example used for neodymium magnets, magnet alloy manufacturer showa denko said "Japanese manufacturers of procurement is increasing. 1 ~ 4 month, imports rose by 19% than the same period last year, but compared with the peak in 2008, still down 65%.

In mid June it was reported that Toyota tsusho will start this fall in the Indian rare earths trial production. Rare earths to Japan user said: "now even Indian rare earths, also useless".

India is emerging producer of rare earths. Toyota tsusho will supply raw materials belong to enterprise, government of India, Indian Rare Earths company (Indian Rare Earths Ltd) cooperation. Original plan earlier in 2013, time to start the trial production, but due to the procurement of raw materials price is not settled, is expected to put into production time will be delayed until November 2013.

(In addition, the molybdenum company Molycorp Inc.) are actually lowered their production plan. Once plan in 2013 will be increased to 40000 tons annual production capacity, but the company Japan corporation, said: "the orders did not increase, so we can not increase production equipment".

Rare earth demand is still in growth of the world, Japan many view is "the necessity has not changed to increase the source of procurement. According to the industry speculated that demand in 2013 will be about 107000 tons, up 7% over 12 years.

To promote the rare metal and rare earth mineral resources development, Japan's ministry of economy, trade provisions of 8.8 billion yen in the 2013 annual budget, but in China, the supply of 2013 still is expected to exceed demand. A rare earth trading company in Japan, said: "if procurement source to further increase, will only lead to oversupply".

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