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Your location：Guangdong rare earth industry production discontin
According to the stakeholders of the rare earth industry associations and some rare earth enterprises in Guangdong Province, Guangdong rare earth industry, cut, cut common. Expert analysis, the weakness of the rare earth market demand at home and abroad is the main reason.
Rare Earth Industry Association of Guangdong Province, vice president Yan small will say, many provinces in China rare earth industry, production discontinued the tide, the same as ionic rare earth resources province of Guangdong generally.
Yan small will think of rare earth prices rose sharply in the first half of last year, making many downstream industries started looking for the rare earth alternatives, while also stimulating foreign rare earth enterprises to re-start, squeeze China rare earth market. Weak market demand at home and abroad is the main reason for the rare earth industry shutdown, cut.
Yan small must be pointed out that the first half of this year, China's exports of rare earths, only 5000 tons, the annual export volume is expected to 10,000 tons, well below the 1.6 million tons last year, back to the 1995 level of exports of rare earths.
The rare earth industry leading enterprises in Guangdong Province, Guangdong Rising Nonferrous (58.96, -1.51, -2.50%) Metal Co., Ltd. has announced that the company's net profit in the first half of 2012 compared with last year dropped by more than 90%. Rising colored a business person in charge of rare earth products, sales and falling prices is a direct result of a drop in corporate profits. The official also said that the downstream decline in demand, as well as national policy restrictions on the mining index, the company had compressed part of the production.
The Zhongshan Tianjiao rare earth materials, a company official said, the downstream needs of enterprises of domestic rare earth is not active, mainly because of the rare earth prices are still downstream, upstream and downstream enterprises in a wait state, worried that the price to buy back down. "The official also revealed that, as a rare earth materials production enterprises affected by the global economic downturn, the company's export orders appear more obvious atrophy, cuts inevitable.
Galaxy Securities, non-ferrous metals industry researcher Zhang Yifan that will change when the steady regression of rare-earth prices, the downstream demand to pick up the production of rare earth industry, discontinuations.
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