Ord.mn | Mongolian Mining
Mongolia |  Mobile |  Rss

China's rare earth industry expands but problems persists

China's rare earth industry – responsible for almost 90% of global output – suffered a sharp drop in profits last year despite modest revenue growth reports Xinhua.

Industry revenue was close to $12.6 billion (77 billion yuan) last year, up nearly 8%, but profits slumped 28% to less than $1.3 billion, as prices for the elements a variety of industries including green technology, defence systems and consumer electronics, continued to fall, according to China's Ministry of Information and Technology.

China has been cracking down on the industry for years to curb illegal mining, smuggling and environmental devastation, but progress has been slow.

Despite imposing export quotas, shutting down small mines and forcing industry mergers, China's rare earth landscape remains fragmented and suffers from a lack of global competitiveness due to weak research and development.

The industry is being consolidated under three major producers Inner Mongolia Baotou Iron & Steel (Group) Co, China Minmetals Corporation and the Aluminum Corporation of China.

China did not always enjoy a virtual monopoly on REE production. The majority of the 17 rare earth elements were sourced from placer deposits in India and Brazil in the late 1940s.

During the 1950s, South Africa mined the majority of the world's REEs from large veins of rare earth-bearing monazite.

From the 1960s to 1980s, rare earths were supplied mainly from the US, mostly from the massive Mountain Pass mine in California, which was eventually mothballed in 2002.

China then took over the industry completely, producing more than 95% of the world's REEs and also becoming the top consumer ahead of Japan and South Korea. The industry is centered in Inner Mongolia where number one producer Baotou mines REEs as a byproduct at its giant iron ore operation and Jiangxi province.

Worries about China's monopoly of production sent prices for all rare earths into the stratosphere from 2008 onwards with some REEs going up in price twenty-fold or more.

That reignited interest in the sector with dozens of explorers active around the globe making major discoveries from Canada and Greenland to Madagascar and Malawi.

Canada's rare earth industry's stated goal is to corner 20% of the global rare earth market by 2018.

Canada's rare earth industry's stated goal is to corner 20% of the global rare earth market by 2018.

Molycorp's (NYSE:MCP) Mountain Pass is targeting production of 40,000 tonnes of mostly light REEs and Lynas Corp's (ASX:LYC) Mount Weld mine in Australia and plant in Malaysia opened last year.

Prices have now come back down to earth with most REEs dropping in price by 70% or more after peaking in 2011.

For instance, the most abundant and cheapest of these, cerium oxide which is used to polish TV screens and lenses is now trading at $5.50 from all-time highs of $118 in the September 2011. The price for cerium oxide was $4.56 in 2008.

The reversal in europium oxide – one of the priciest of the widely-used heavy REEs used in medical imaging and the nuclear and defence industries – has also been dramatic.

The price of europium increased more than 10-fold from $403 in 2009 to an average of $4,900 in the third quarter of 2011.

It is now worth $950 a kilogram in the export market, while Chinese domestic europium is another $280 cheaper at $670/kg.

Image of shrine in Baotou City by Matthew Stinson.


АНХААРУУЛГА: Уншигчдын бичсэн сэтгэгдэлд Ord.mn хариуцлага хүлээхгүй болно. ХХЗХ-ны журмын дагуу зүй зохисгүй зарим үг, хэллэгийг хязгаарласан тул ТА сэтгэгдэл бичихдээ хууль зүйн болон ёс суртахууны хэм хэмжээг хүндэтгэнэ үү. Хэм хэмжээг зөрчсөн сэтгэгдлийг админ устгах эрхтэй. Сэтгэгдэлтэй холбоотой санал гомдлыг 7012-1080 утсаар хүлээн авна.
  • IP:
Continue Reading <a href=https://freesexchat.us.com>free live sex chat</a> lesbian sex show chat webcams
  • IP:
home <a href=https://paydayloans.us.org/>Discover More</a> payday express best payday loans online
  • Brian

  • April 22, 2018 21:14
  • IP:
本文很好地解释了几内亚的政治问题和铁矿石勘探 https://essaypinglun.wordpress.com/ninjaessays-com-评论/。 政府绝对应该为经济稳定而努力。 我希望他们能够取得成功。
  • sdcsf

  • July 23, 2018 14:55
  • IP:
J'ai acheté une montre dans ce magasin en ligne et je l'ai donné à mon copain.Cette montre fonctionne très bien et la qualité est très bonne.
réplique Rolex montres
Le style de la montre est très bon, le prix est bas, il vaut vraiment,la peine d'acheter.Je présente ce site à mes côtés. les amis autour de moi louent aussi ce site.
replique rolex montres
  • IP:
Window shades makes a new designed for our home and office windows its look awesome <a href="https://www.windowshades.net/custom-shades">Custom windows </a>
  • IP:
For the best lifestyles and the other zones of the help, you can get the better idea from this zone. Make your life more comfortable with the simple steps. Get the link of www.myassignmentwriting.com.au and enjoy the suitable conditions here.
  • IP:
When you have a will to do some work so the nature helps you automatically and for this the nature also demands loads of work. We promise for that work but this extra burden just pulls us from being up to the mark so we have need of Osteo Sydney CBD to visit and be prepared for the working days ahead through the unique methods.
  • IP:
My boyfriend likes to copy watches.replica rolex watches When you buy it back, this gorgeous replica watch is amazing. The watch design and function are very fresh and elegant. replica rolex explorer watches The quality is relatively perfect. This replica watch is very special, good quality and very cheap
  • IP:
Thanks, heaps again for the tips, I always come to your website looking for updates and new posts. We as working in Search engine optimization it helps us a lot that you're giving us so many opportunities in our line. And it gave us knowledge and points at the same time. I hope you lead on the right path. Baccarat High Rollers- The Luxury Game for the Elite
  • IP:
I think it is a good idea, I have thought of it but not as detailed as you run 3
  • IP:
Why not settling on games that is fun and at the same time your earning. Well itll make suspense because of the game as well but dude just try it and it gave me hope while pandemic is real rn. MASTER THE ART OF PLAYING BACCARAT IN ONLINE CASINOS
  • sad

  • June 20, 2022 14:38
  • IP:
<a href="https://www.kagider.org/사트이"> 사트이</a> 사트이 [https://www.kagider.org/사트이 사트이] 사트이 [link=https://www.kagider.com/사트이]사트이[/link] [sdfาร่sdf](http://example.com/)

The quality and quantity of work produced here are absolutely informative. Thanks for sharing. 토토사이트
  • IP:
As a Newbie, I am continuously exploring online for articles that can benefit me. Thank you

As a Newbie, I am continuously exploring online for articles that can benefit me. Thank you
  • IP:
<a href="https://kilovermek.es/su-kac-dakikada-idrara-donusur/">Su kaç dakikada idrara dönüşür?</a>
  • IP:
The quality of this information is so good. I know better than anyone the hard work you have put into writing this article. The article is easy to understand and easy to understand. You are an expert in this field. If you can take a look at my It would be great if the blog could give me pointers. 토토사이트
  • IP:
biogaming vip คาสิโนออนไลน์ที่ทำเงินได้แบบไม่จำกัด
  • IP:
ยูฟ่าเบท168 แทงบอลได้ทุกที่ ทันทีที่ต้องการ สล็อตเว็บตรงอันดับ1 ที่ให้คุณสนุกได้ทุกรูปแบบ
  • IP:
As a long-term reader of yours, I gain a lot every time, thank you.메이저사이트
  • IP:
<a href="https://maps.google.com.hk/url?sa=t&url=https://www.qiyezp.com/"
앞에는 이미 누군가가 앞장서 홍치제를 학교 운동장으로 인도하고 있었다.
  • IP:
I actually can´t help activities here. Thank you for time properly spent looking over this article. I can´t bear in mind the last moment I´ve bookmarked anything. ufa1688


Add Comments
Bold Italic Underline Strike | Align left Center Align right | Insert smilies Insert link URLInsert protected URL Select color | Add Hidden Text Insert Quote Convert selected text from selection to Cyrillic (Russian) alphabet Insert spoiler
Security Code: *
Exchange Rate
Foreign shares
New York Stock Exchange
Name Closing Changes
BHP Billiton
Ivanhoe Mines
Australian Stock Exchange
Name Closing Changes
General Mining Corp
Aspire Mining Limited
London Stock Exchange
Name Closing Changes
Petro Matd Limited
polo Resources Limited
Hong Kong Stock Exchange
Name Closing Changes
Mongolian Mining Corporation
Mongolia Energy
Toronto Stock Exchange
Metal exchange rates
1 Day Spot Gold Prices - Gold Price Chart
1 Week Copper Prices - Copper Price Chart
3 Month Uranium Price Chart - Uranium Price Per Pound
6 Month Iron Ore Fines Prices - Iron Ore Fines Price Chart
1 Day Spot Silver Prices - Silver Price Chart


Coal price data
U-Boat replica watches replica rolex orologi replica watches
Free Mobile Sex Xvideos Deutsche Pornos selbstgemacht porn tube dutch Facial xxxxi videos beeg spy www xvi
Sexy Teen Porn Milflesben Porno Videos Korean Rip Danish Frau schwanger gefickt anal Geiler Hausbesuch Porno kostenlose vaginavidios
brutal anal hardcore sex money talks reality kings film porno au cinema Ellos ya saben cómo chupar girl fucked in alley xxuxx hd sex 4k www xxx xxx porn sunny leone video
xxx hd com www napal xxx com xxxx 18 porn sex video com hot romantic sex 18 years