Praseodymium neodymium oxide rare earth products as represented by the beginning of this year's price of 210,000 yuan per ton to the present 62 million, up by as much as 195%. RE prices to rise, gradually affecting the relevant industry, the downstream business operating costs have increased. In this regard, Industry and Information Technology Ministry spokesman Zhu Hong, said recently that, in the protection of resources and the environment under the premise of value should return to its rare earth resources, application of rare earth business and adapt to a rational view of rare-earth prices.

Rare Earth is an important strategic resource, Zhu Hong Ren believes that selling the last of rare earth into a "potato price", mainly because Luancailanwa, ignore the environment and energy consumption, rampant smuggling and other reasons, deviated from the earth's own value. It is reported that China has identified the world's rare earth reserves account for 55.7%, exports accounted for the international market share of 90% or more. Commerce Department data show that the quota this year, China rare earth export quotas totaling 30,184 tons, last year alone by 75 tons. Recently, the state has adopted to promote the sustained and healthy development of rare earth industry, the views explicitly strict access management of rare earth industry, actively promote the rare earth industry mergers and acquisitions, and strategic reserve system for the establishment of rare earth co-ordinate the planning and the north south light rare earth ions of rare earth resources, mining, designate a number of national planning as a strategic resource reserves to mining.

As the rare earth industry chain length, and different stages by different departments in charge of the State Council set up a group of rare earth industry, inter-ministerial coordination, and recovery of rare earth industry set up a national office responsible for coordinating the work, from government level to reduce the barriers to running for the industry , but it does not fix prices. RE prices rise, conform to the laws of the market, but also by the world-wide resource-based products generally increases. Meanwhile, the new materials industry, also contributed to the rare earth applications, driving its price increase. At present, China rare earth products in great demand, many rare earth products also higher than the domestic price of export prices.