The litigations of the case are still kept secret

In the August 11th meeting of Ganzhou Rare Earth, one of the main topics for discussion aside from industry analysis was on how to control the excess in production capacity. The litigations of the case are still kept secret. In 2009, the EU issued a request for China to led flood light their export quota on rare metals. In 2010 America, Mexico and other countries submitted a memorandum to the WTO demanding China eliminates the export quota that still remained in place. In 2012, America and the EU officially filed a lawsuit against China.

Experts within the industry remarked that the impact caused by the elimination of the export quota has the possibility to cause a significant reduction in price for rare earth minerals.CSRE assistant secretary general Chen Zhanheng explains that a yearly quota of 30 thousand tons had caused the current surplus since in actuality only 10 thousand ton are sold.

It is important to acknowledge that there is a large domestic surplus of rare earth smelting and separation. Ganzhou Qiandong Rare Earth Group chairman and managing director Gong Bin told reporters that there is a current surplus of 100 thousand tons of smelting and separation for rare earth found in southern China, and the biggest producer in southern China is Jiangxi Providence with a production target of 3950 tons for 2013.


“Our production capacity is around two to three hundred tons, but with a target of only a dozen or so, it just too insufficient,” remarked a Jiangxi isolated enterprise official told reporters. Deficiency is a common occurrence which can lead to buying of back led high bay light. “Right now there is not a strict policy with invoices. Black ore is abundant; so much that isolated smelting capacity cannot possibly become idle.”

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