According to the Nihon Keizai Shimbun reported on July 27 has been widely used in automobiles and home appliances rare earth production, nearly a months, prices rose by 30%. With more than 90% of the world's rare earth resources in China, decided to significantly reduce the volume of exports of rare earth, so that the market had anticipated shortage.

rare-earth price The surge will eventually lead to rising costs of final products, therefore, to the relevant parts of rare earth raw materials manufacturers will be forced to seek imports of rare earth resources, diversification and renewable technologies.

Nd and Dysprosium prices rose more than 30% last month. Last month, the price of La is about 10 dollars per kilogram, but now it is business people," the 20 dollars will not buy." Compared to last year, a number of rare-earth kind of prices have doubled or tripled.

Hitachi Metals Shin-Etsu Chemical companies and industrial companies is a rare-earth magnets manufacturers as raw material, presumably the stock of their portfolio can only supply one or two years, if the supply of raw materials from China continued to decrease, then the operation of such difficulties will occur manufacturers . There are a number of manufacturers are barely enough to supply inventory to the end of the year. Therefore, some manufacturers began to explore the issue of product prices to pass raw material price increases caused by the loss.

China announced early this month, this year's export volume of rare earth about 20,000 tons less than last year, down more than 30 thousand tons. Japanese trading companies inferred that, after two or three months may be difficult to get a neodymium.

and the On the contrary, the demand for rare earth products has gradually recovered. Japan Rare earth demand will reach 20% of total world demand.

This chaptersource:China Trade Information (http://en.zgxu.com),please refer to the above Web site for more.