Analysis on Import and Export of Rare Earth in China, 2016
China is the largest exporter of Rare Earth in the world. Rare earth mining is characterized with long process, great environmental damage and high comprehensive cost. Rare earth mining is less in other regions in the world while China is the most important exporter of rare earth resources in the world. Export volume of rare earth increases annually in China since 2012, but the total export value keeps declining due to the falling back of prices.
Export Volume of Rare Earth Metals Unit: Ton
Source: China Customs
Export Value of Rare Earth Metals Unit: Million USD
Source: China Customs
Application of Rare Earth in Permanent Magnet Field
Rare-earth permanent magnet is the largest market of rare earth application, which mainly demands for elements including praseodymium, neodymium, dysprosium and terbium. The prices of these elements are high but they are at the bottom at present. Under the influence of cracking down illegal business and industrial integration, rare earth prices are expected to rise. In terms of the present operating mode of rare-earth permanent magnet industry, rise in rare earth prices will transfer to downstream and will increase profits. Therefore, rise in rare earth prices brings benefit to the industry.
Neodymium Metal 99.0-99.9% Price Trend (CNY/Kg)
Source: CRI
Praseodymium 96.0-99% Price Trend (CNY/Kg)
Source: CRI
Dysprosium Metal 99.0% Price Trend (CNY/Kg)
Source: CRI
Terbium Metal 99.9% Price Trend (CNY/Kg)
Source: CRI
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Research Report on Rare Earth Industry in China, 2017-2021
At present, the annual production capacity of China’s RE extraction enterprises is over 300,000 tons. However, annual global demand is less than 200,000 tons, including 50,000 tons to 60,000 tons on the international market and 100,000 tons on the domestic market.
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