The first "boots" of China's rare earth export quotas in 2011 have fallen, and the 11.4% decline has triggered the judgment of foreign media "the Chinese government is interested in reducing rare earth export quotas."
The continuous reduction of China's rare earth export quotas has become the consensus of all parties. The resulting diversification of international rare earth supply is also accelerating. At the same time, it is also promoting a benign return of domestic rare earth supply and demand. Chinese rare earth enterprises will get rid of the international market. rely.
Business turn
On December 28, 2010, the Ministry of Commerce of China announced the first batch of rare earth export quotas in 2011. In 2011, the first batch of rare earth export quotas was 14,446 tons, a decrease of 11.4% compared with 16,305 tons in the same period of 2010. The relevant person in charge of the Ministry of Commerce subsequently stated in the form of an online interview that the total amount of rare earth export quotas in 2011 has not yet been determined. “It is not appropriate for all parties to presume the total amount of the whole year based on the number of export quotas issued this time.â€
As can be seen from the newly published list of rare earth quotas, the quotas for enterprises listed above did not exceed 1,000 tons. Compared with the export quotas for the same period of 2010, the same corporate quotas fell between 20% and 50%.
“The quotation in the first half of 2011 has exceeded 200,000 yuan per ton. This is expected. We have to make the customer prepare sufficient funds.†Recently, the head of a rare earth enterprise in Baotou on the China Business News The reporter said that the export quota indicators continue to decrease, making the originally scarce quota indicators more "precious", and the transfer costs between enterprises are also rising.
It is understood that the average unit price of China's rare earth exports in 2001 was 4,559 US dollars per ton, and in 2010, when the quotas were greatly reduced, the average price per ton in the first 11 months was 17,957 US dollars, an increase of nearly 4 times compared with 2001.
The person in charge of the above-mentioned company also told reporters that the “excessive reduction of export quota indicators†in the rare earth industry has become a consensus. Many companies have already shifted their marketing focus to the domestic market. “We all wanted to make dollars before. Now not only the indicators are difficult to make, but the dollar also depreciates. 90% of our products have been sold domestically, and the remaining 10% is also done to maintain the relationship in the past."
Another company executive with export quota indicators told reporters that because the company's quota index has decreased by 30% compared with the same period in 2010, there is no possibility of transferring indicators to other companies.
Supply or demand or return to benign
"If the annual reduction of export quotas can encourage manufacturers to shift more power to domestic promotion and application, it is a virtuous circle." Wang Zhongshan, vice chairman of the Nanjing Rare Earth Application Research Association, has always advocated vigorously developing the domestic rare earth application market.
He told this reporter that in the past 10 years, most rare earth enterprises have placed their development direction on exports. It is actually a misunderstanding of the development of the industry to earn foreigners. "This is related to the state’s encouragement of enterprises to export foreign exchange. Now the state advocates expanding domestic demand, and the time has come to return."
It is understood that in the 1980s, the State Council’s Rare Earth Office led the annual special fund for the promotion of rare earth applications, not only for high-end and cutting-edge products, but also for rare earth applications from the general industrial sector to agriculture. The tradition has gradually disappeared.
Earlier, many business people told reporters that they hoped that the state could master a degree in controlling exports, both to protect domestic resources and to control the international market. However, the policy changes in 2010 and the continued decrease in the quota indicators indicate that the continuous reduction of export quotas will become a trend, and the desire of both insiders and outsiders has actually fallen short.
"One of the prerequisites for our reduction of export quotas is the rapid increase in domestic applications. China's resources will of course give priority to meeting their own needs." An Sihu, assistant director of Baotou Rare Earth High-tech Zone, told reporters that rare earths are non-renewable resources and should be reflected in their high surcharge. The value needs to work hard in deep processing and application, and reducing the direct export of resources is the general trend.
In fact, China has become the world's largest consumer of rare earths, with consumption accounting for more than 50% of global consumption, and its share is increasing, especially for permanent magnet materials and hydrogen storage materials involving new materials. Luminescent materials have occupied an important position in the world.
The “Decision of the State Council on Accelerating the Cultivation of Strategic Emerging Industries†issued by the State in 2010 is to focus on new materials. The industry predicts that the application of rare earths in China will double in the “Twelfth Five-Year Plan†period. It is precisely because of this that the international rare earth community believes that China's domestic demand will digest domestic rare earth production by 2012, and China may later become a net importer of rare earths from rare earth exporting countries.
In fact, China is already preparing for the rain. At the 2010 International Rare Earth Symposium held on December 28, 2010, Xu Xu, president of the Minmetals Chamber of Commerce, said that from January to October 2010, China imported a total of 10,381 tons of rare earth metal ore. It increased by 144% year-on-year.
International supply diversification speed
Corresponding to the shift of domestic enterprises to the domestic demand market, the reduction of China's rare earth export quotas has further stimulated the diversification of international rare earth supply.
China’s first news of reducing rare earth quotas is expected to be a negative for Japanese companies still dependent on China, but it is good for major Australian mining companies with rare earth resources, such as Alkane, Arafura and December 29, 2010. Australian companies such as Greenland Minerals and Engergy all have share prices ranging from 9% to 12%.
In fact, along with the arrogance of rare earth prices this year, many abandoned and undeveloped rare earth mines overseas have decided to restart investment. Mining companies such as Lynas in Australia, Molycorp in the United States, and Avalon in Canada, which had no previous production plans, are already in the process of resuming production.
“Because of the development of emerging industries, the demand for rare earth resources is growing stronger, and the decline in the share of China's supply world is already very clear. Both production companies and application companies have urgent supply and demand needs.†An industry expert said that the company The United States and the United States account for 22% and 15% of the world's rare earth reserves, respectively. Once they are fully exploited, they can compete with China in the short term.
The continuous reduction of China's rare earth export quotas has become the consensus of all parties. The resulting diversification of international rare earth supply is also accelerating. At the same time, it is also promoting a benign return of domestic rare earth supply and demand. Chinese rare earth enterprises will get rid of the international market. rely.
Business turn
On December 28, 2010, the Ministry of Commerce of China announced the first batch of rare earth export quotas in 2011. In 2011, the first batch of rare earth export quotas was 14,446 tons, a decrease of 11.4% compared with 16,305 tons in the same period of 2010. The relevant person in charge of the Ministry of Commerce subsequently stated in the form of an online interview that the total amount of rare earth export quotas in 2011 has not yet been determined. “It is not appropriate for all parties to presume the total amount of the whole year based on the number of export quotas issued this time.â€
As can be seen from the newly published list of rare earth quotas, the quotas for enterprises listed above did not exceed 1,000 tons. Compared with the export quotas for the same period of 2010, the same corporate quotas fell between 20% and 50%.
“The quotation in the first half of 2011 has exceeded 200,000 yuan per ton. This is expected. We have to make the customer prepare sufficient funds.†Recently, the head of a rare earth enterprise in Baotou on the China Business News The reporter said that the export quota indicators continue to decrease, making the originally scarce quota indicators more "precious", and the transfer costs between enterprises are also rising.
It is understood that the average unit price of China's rare earth exports in 2001 was 4,559 US dollars per ton, and in 2010, when the quotas were greatly reduced, the average price per ton in the first 11 months was 17,957 US dollars, an increase of nearly 4 times compared with 2001.
The person in charge of the above-mentioned company also told reporters that the “excessive reduction of export quota indicators†in the rare earth industry has become a consensus. Many companies have already shifted their marketing focus to the domestic market. “We all wanted to make dollars before. Now not only the indicators are difficult to make, but the dollar also depreciates. 90% of our products have been sold domestically, and the remaining 10% is also done to maintain the relationship in the past."
Another company executive with export quota indicators told reporters that because the company's quota index has decreased by 30% compared with the same period in 2010, there is no possibility of transferring indicators to other companies.
Supply or demand or return to benign
"If the annual reduction of export quotas can encourage manufacturers to shift more power to domestic promotion and application, it is a virtuous circle." Wang Zhongshan, vice chairman of the Nanjing Rare Earth Application Research Association, has always advocated vigorously developing the domestic rare earth application market.
He told this reporter that in the past 10 years, most rare earth enterprises have placed their development direction on exports. It is actually a misunderstanding of the development of the industry to earn foreigners. "This is related to the state’s encouragement of enterprises to export foreign exchange. Now the state advocates expanding domestic demand, and the time has come to return."
It is understood that in the 1980s, the State Council’s Rare Earth Office led the annual special fund for the promotion of rare earth applications, not only for high-end and cutting-edge products, but also for rare earth applications from the general industrial sector to agriculture. The tradition has gradually disappeared.
Earlier, many business people told reporters that they hoped that the state could master a degree in controlling exports, both to protect domestic resources and to control the international market. However, the policy changes in 2010 and the continued decrease in the quota indicators indicate that the continuous reduction of export quotas will become a trend, and the desire of both insiders and outsiders has actually fallen short.
"One of the prerequisites for our reduction of export quotas is the rapid increase in domestic applications. China's resources will of course give priority to meeting their own needs." An Sihu, assistant director of Baotou Rare Earth High-tech Zone, told reporters that rare earths are non-renewable resources and should be reflected in their high surcharge. The value needs to work hard in deep processing and application, and reducing the direct export of resources is the general trend.
In fact, China has become the world's largest consumer of rare earths, with consumption accounting for more than 50% of global consumption, and its share is increasing, especially for permanent magnet materials and hydrogen storage materials involving new materials. Luminescent materials have occupied an important position in the world.
The “Decision of the State Council on Accelerating the Cultivation of Strategic Emerging Industries†issued by the State in 2010 is to focus on new materials. The industry predicts that the application of rare earths in China will double in the “Twelfth Five-Year Plan†period. It is precisely because of this that the international rare earth community believes that China's domestic demand will digest domestic rare earth production by 2012, and China may later become a net importer of rare earths from rare earth exporting countries.
In fact, China is already preparing for the rain. At the 2010 International Rare Earth Symposium held on December 28, 2010, Xu Xu, president of the Minmetals Chamber of Commerce, said that from January to October 2010, China imported a total of 10,381 tons of rare earth metal ore. It increased by 144% year-on-year.
International supply diversification speed
Corresponding to the shift of domestic enterprises to the domestic demand market, the reduction of China's rare earth export quotas has further stimulated the diversification of international rare earth supply.
China’s first news of reducing rare earth quotas is expected to be a negative for Japanese companies still dependent on China, but it is good for major Australian mining companies with rare earth resources, such as Alkane, Arafura and December 29, 2010. Australian companies such as Greenland Minerals and Engergy all have share prices ranging from 9% to 12%.
In fact, along with the arrogance of rare earth prices this year, many abandoned and undeveloped rare earth mines overseas have decided to restart investment. Mining companies such as Lynas in Australia, Molycorp in the United States, and Avalon in Canada, which had no previous production plans, are already in the process of resuming production.
“Because of the development of emerging industries, the demand for rare earth resources is growing stronger, and the decline in the share of China's supply world is already very clear. Both production companies and application companies have urgent supply and demand needs.†An industry expert said that the company The United States and the United States account for 22% and 15% of the world's rare earth reserves, respectively. Once they are fully exploited, they can compete with China in the short term.
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