According to the 2010 exploitation of the status quo of China's rare earth resources in the investigation report at the meeting, the rare earth sharp tightening of the overall development situation. Will inevitably exert a number of rare-earth processing industry in China has brought a certain degree of shock, such as NdFeB magnet / Neodymium nickel-cobalt. This year the amount of rare earth mining may be substantially reduced in order to break this embarrassing situation.
Land and Resources issued the following yesterday, "2010 tungsten antimony and rare earth mining quota of total control notice" that this year's national rare-earth ore (rare earth oxide REO) extraction quota of total control 8.92 million tons, of which light Rare-earth 77 thousand tons, 12.2 thousand tons of heavy rare earth. Although this set of data than the Ministry of Land and indicators issued last year, a small increase, but China last year about 12.5 million tonnes of actual production, they are still substantially reduced.
Since 2005, China's rare earth production for 5 consecutive years more than 100,000 tons, annual output of 2008 up to 124.8 thousand tons. The Ministry of Industry and Information Technology from the data show that in 2008, the global consumption of rare-earth about 13 million tons, of which domestic consumption of about 7 million tons.
While China offers the world's most rare earth rare earth products, but the products are mostly exported primary products, value-added is very low. Through the purchase of foreign low-cost rare earth mineral, processed into high value-added products.
"Public Letter of rare earth planning department last year, plans the next few years the output of more than 89.2 thousand tons." Kingdom of China Nonferrous Metals Design Research Institute, Professor Jane said to the "First Financial Daily." "Draft" in the proposed plan 2009 to 2015, the total annual production of rare earth minerals controlled 13 ~ 17 million tons.
Rare-earth can be achieved this year, actual production of the documents issued by Ministry of Land and indicators, will wait and see.In addition to indicators of rare earth mining restrictions, the ministry also said that June 30, 2011, in principle, to suspend acceptance of new rare earth mineral exploration and mining applications were received. Ministry of Land and called on all provinces (autonomous regions and municipalities) of land and resources administrative departments, according to the issued of rare-earth mining quota of total control, so that control target to the city, to counties, to mining enterprises, graded responsibility, layers of implementation, and in the end of April 2010 before the target decomposition and implementation of Land and Resources reported.