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Your location：Rare earth permanent magnet plate to form a larger
Multinational news restart rare earth mining rare earth permanent magnet plate to form a larger bearish, the sector plummeted again Wednesday following a plunge on Monday. At the close of rare earth permanent magnet plate fell 2.91% or 7.50%, colored Rising, Baotou Steel Rare Earth, Ningbo Yunsheng, Zhong Ke San Huan stocks fell more than 4%.
Pressure on China rare earth policy in Europe and the United States through the WTO litigation while the production of rare earth national rare earth mining the restart plan also enter a substantive stage. Insiders, including Malaysia, Australia and other countries, including rare earth mine development and smelting project run very smoothly, is expected to come on stream in the second half of the year will be mainly concentrated in the light rare earths, not only considerable production cost is very low, which means a "single supply of rare earth in China, the pattern will change.
Zhang, chairman of Baotou Steel Rare Earth, rare earth market price of the next one or two years there will be a big adjustment, supply changes in the pattern of a challenge for the enterprise, the cost will become a major competitive factor. It is worth noting that many industry pundits also said, by the impact of the foreign supply of rare earth resources, domestic rare earth prices will continue to face downside risks in the second half, falling profits, such as the shrinking market will bring domestic rare earth industry "big reshuffle" .
A rare earth industry veteran, said, a few years ago, China's rare earth production oversupply, enterprises scattered competition fierce industry competition has become accustomed to lower prices to a Japanese company to buy rare earth mine the release information tend to give a lot of manufacturers in China, who price the direct cause of the low purchase who is also the rare earth "fire sale" of the current situation, the profiteering spawned under China's rare earth enterprises scattered, small workshops mines abound and a large number of smuggling did not get the final suppression, once faced with more competitors, small domestic rare earth mining enterprises may be the first "defection" to ensure their exports through lower prices, so that China's rare earth exports to fall back into the price war misunderstanding, and further impede the pace of China's rare earth industry consolidation.
