New production will help stabilize the global rare earth market
In the past two years, the problem of unstable supply of rare earths and sharp fluctuations in rare earth prices in the international market is expected to be eased. The reporter learned from the rare earth companies, institutions and experts at home and abroad on September 5 that a number of countries with rare earth resources in the world have made remarkable progress in rare earth production projects under the injection of huge amounts of capital and advanced technologies, especially the US Molybdenum Corporation. The large-scale projects of Molycorp and Australia's Linus will be put into operation within the year. New production will help stabilize the global rare earth market. According to a report from the American TMR Corporation, rare earth projects currently under construction and planned outside China are mainly concentrated in the Americas, Europe and Africa. There are 429 rare earth projects in 261 companies in 37 countries and regions. Among them, 38 projects in 13 countries including the United States, Australia, and Brazil are progressing rapidly. Molybdenum's Phase I project at the Mountain Pass rare earth mine in California will be put into production in the fourth quarter of 2012, when it will supply 19,050 tons of rare earth oxides to the market each year; the second phase of the project will be completed by the end of 2013. The company's annual rare earth oxide supply increased to 40,000 tons. The Linas company's rare earth processing project in Malaysia was blocked at the beginning of this year due to the obstruction of local NGOs. However, the Malaysian government has recently agreed that Linas will promote the construction of this project. In October this year, the first phase of the project's annual output of 11,000 tons of rare earth oxides will be put into operation. After the second phase of the project is completed, the annual production capacity of rare earth oxides will be increased to 20,000 tons. In addition, Linas's rare earth mine in Australia began production this year, and as of the end of June this year, it has supplied 4,800 tons of rare earth oxides to the market. Australian Industrial Minerals Co., Professor Dudley Kensen said in an interview with reporters that from 2011 to 2016, the production of rare earth oxides outside China will increase from 6,000 tons per year to 60,000 tons, and international light rare earth prices will continue to fall. According to Gareth Hanchi, chief founder of Technical Metals Research Ltd., a rare earth consulting company based in Illinois, the commissioning of the Molybdenum and Linas projects will contribute to the stability of the global rare earth market. If end-users realize that the price of rare earth products will tend to be stable and the market's options will increase, their purchases will increase over the past. However, some market participants also stated that the new supply is mainly light rare earth, and the supply of heavy rare earth is still a problem. For the electronic and clean energy applications, both light and heavy rare earths are important, and the demand for heavy rare earths is growing faster. Since March this year, the rare earth oxide price index of IHS Global View has stabilized. According to the index, from January to July 2011, the price of rare earth oxides rose about 6 times, and then fell sharply. The price dropped to nearly half in the summer of 2011 to March this year. Fire Hose Coupling,Brass Nst Coupling,Aluminum Nst Coupling Fenghua Jade Motor Co., Ltd. , http://www.compositehose-manufacturer.com