In 2014 China's rare earth will face more severe challenges
In 2014, the global process of rare earth "De-sinicization" may be further accelerated.
Japan's diversification strategy cannot meet part of the rare earth elements of the shortage. After the collision, the Japanese finds substitute channels of purchasing mainly for light rare earth class from all over the world, while their heavy rare earth still rely on China. As a representative of the heavy rare earth class of dysprosium, usually is used in hybrid and electric vehicles on the high performance magnet.
Early February, the United States senator Roy blunt (Missouri) and Joe Minchin (West Virginia) put forward the "2014 national rare earth cooperation act", in order to reduce the dependence on China's rare earths, encourage the private sector employment and innovation, and maintain America's military technological advantages.
There is no doubt that China's rare earth is influenced by both at home and abroad. In outside, the contradiction between demand and supply capacity exacerbate the market sluggish, and technological advance reduces the consumption of rare earth; at home, the continuously impact of black rare earth industry chain, overruns, unplanned production accounting for 50% of the total. In 2014, China's rare earth will face more severe challenges.
Tags: neodymium magnets performance magnet, China's rare earths Smco magnets