Abstract
Rare earth is widely applied in the high-tech industries, such as information,
biology, new materials, new energy, space and ocean.
China' s rare earth ranks the No.1 in total reserves, production scale, as well
as export volume in the world. However, China also pays for enormous cost of
resource, energy and environment. China' s rare earth products shared 90% of
global market, but without price fixing right.
The development of rare earth resource in china is having three major wastes:
(1) low resource utilization; (2) low product value; (3) low application
efficiency. The low cost rare earth products from China had droved the fast
development of global high-technologies, however, China didn' t gain the
corresponding benefits.
China is the only country supplying rare earth products with different grades
and varieties. According to the National Development and Reform Commission,
China' s annual smelting and separating capacity of rare earth exceeded 200,000
tons in 2008, more than double the world' s annual demand.
In order to protect rare earth resources effectively, Chinese government
implemented rare earth export quota management since 1998. During 2005 to
2009, the export quota quantity maintained a downward trend. In January 2009,
the quantity of general trader qualified with rare earth export quota, which
was announced by the Ministry of Commerce, decreased to 20, with a total
export quota at 15,043 tons.
Based on authoritative statistics of the China Rare Earth Industry
Association, Chinese Academy of Rare Earths, China Customs and National Bureau
of Statistics of China., the report provides a thorough study of the current
situations, industrial policies, regional development and key players involved
in China' s rare earth industry and a development forecast of the industry.
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