Rare earth prices stopped falling and some companies have resumed work
“Some rare earth mines in Ganzhou have been discontinued, but some are still in production.†A senior executive of a rare earth smelting company in Ganzhou, Jiangxi, told reporters yesterday. Used Knitting Machine,Weaving Machine,Knitting Machine Hicas Textiles Machinery Co., Ltd. , http://www.qdrapierloom.com
Recently, there have been a steady stream of news about the suspension of production of rare earth minerals in the market, not only in the Ganzhou region, but also in Inner Mongolia, Sichuan and other regions. Stimulated by these news, the rare earth price that has continued to fall since mid-July has finally stopped falling.
However, according to the reporter's understanding, the actual shutdown of rare earths is not as much as currently reported on the market. In many areas, rare earth mines continue to start production after a brief shutdown.
Short pause to continue the work after childbirth
The state-level heavy rare earth largest production area in Ganzhou was the first to announce the shutdown of rare earth mines.
However, there are many counties under the jurisdiction of Zhangzhou and basically all of them have rare earth minerals. This time, Zhuozhou City only requested that rare earth mines in three counties of Ningdu, Qixian and Xinfeng be discontinued.
The country’s largest rare earth production area in Baotou also reported the shutdown of rare earth minerals. Baotou Steel's rare earth insiders told the newspaper yesterday that six ministries went to Baotou last month to check the production of rare earths this year. The company's rare earth mines had a brief shutdown, but production has resumed.
Those familiar with the Baotou rare earth industry told this newspaper that Baotou Rare Earths did not stop production and did not stop production. Baotou Rare Earth Mine was associated with Baotou Iron and Steel Group. Baotou Steel Rare-Earth Mine was used by Baotou Steel to mine iron ore. Tailings, which contain a large amount of rare earths, are continuously produced by the tailings unless Baotou Steel ceases the mining of iron ore.
Baotou, a high-level deep-processing enterprises, said that in addition to Baotou Steel, Baotou has a large number of private iron ore plant areas. Even if Baotou Steel ceases production, these private small-scale mining areas will not stop production. The annual output of rare earths from these small-scale ore-producing plants is not higher than that of Baotou Steel. The output of rare earths is small.
There are also rumors of rare earth mines in Sichuan. However, people familiar with the matter told the newspaper that local rare earth mines have not been completely controlled by Jiangxi Copper Group. The local area also has a number of rare earth mining areas. “Since the prices of rare earths are high, some companies will not take into account any mining targets, and some have torchlights in the middle of the night. Mining there."
Rare earth prices are expected to rebound?
The news of the shutdown of rare earth minerals hit a "strength pinch" for rare earth prices.
“Under the influence of the stoppage of production of rare earth minerals, the price of rare earths has basically stabilized.†Lu Ming, an analyst at Baichuan Information Rare Earth Industry, told the newspaper.
Starting in February of this year, rare earth prices have entered a period of escalation, especially since April, when prices have soared and prices have risen almost once a day, but since mid-July, prices have continued to rise and suddenly fell.
Take Zhongyu Fuyu Mine as an example, the data from Baichuan Information show that on July 15th, the Zhongmu Fuyu mine price was still around 600,000 yuan/ton, but as of September 5, it had fallen to 450,000 yuan/ton. , a drop of 25%; rare earth oxides and rare earth metals are also the same, with rare earth lanthanum as an example, on July 15, the price of metal lanthanum was still at 19,000 yuan / kg, but as of September 5 has fallen to 15,000 Yuan/kg, down 21.05%.
Affected by the decline in rare earth prices, in the past two months, the amount of purchases of Japanese companies that had been active has suddenly begun to decrease, and orders have gradually decreased. Domestic and foreign companies are currently on a wait-and-see basis.
Lu Ming said that some time ago, there was a phenomenon of throwing goods on the market from time to time, but in recent days, the rare earth market has begun to reduce the amount of dumped goods, although the transaction is still very small, but there are already some buyers plan to purchase, "Traders buy up Do not buy down, once the market begins to stabilize, it means that the buyer must start purchasing."
"Many manufacturers believe that the market price in October may go up a bit further." Lu Ming said.