In the first nine months of this year, China has exported 9,967 tons of rare earth ores, metals and compounds, which is less than 33% of the 30,966 tons of export quotas for the entire year. The Wall Street Journal quoted a report released on the 24th by the China Customs Statistical Advisory Service Center yesterday. From January to September this year, China’s rare earth exports decreased by 11.5% from the same period of last year; in September, China’s rare earth exports amounted to 1,637 tons, compared to August. Decrease 14.8%. Japan’s Kyodo News Agency quoted sources in the industry as saying on the 25th that the demand for rare earths, the largest export market in Japan (accounting for 56% of China’s rare earth exports), fell. China’s total exports of rare earths this year may be only about 10,000 tons for 10 years. The lowest level. 60% drop in transaction volume China occupies a dominant position in the global supply of rare earths. Dragged down by global demand, China's rare earth industry has experienced sluggish performance this year, and export volume and price have fallen. In the first nine months, exports fell by 11.5%, which brought about a 61.5% drop in transaction volume to US$702.3 million (approximately RMB4.3839 billion). In the past two years, the rare earth price has gone out of the "roller coaster" market and has skyrocketed and plummeted. Over the past year or so, except for a few medium and heavy rare earth metals, which have slightly increased slightly this spring, the prices of other varieties have been falling all the way, and the major light rare earth species (such as plutonium, hafnium, plutonium, etc.) have fallen by 70%, and are even more “very rare.†Heavy rare earth also has a 40%-50% decline. Prices have fallen sharply, and companies have chosen to reduce production insured prices. On October 23, Inner Mongolia Baotou Rare Earth (Group) High-Tech Co., Ltd., China's largest light rare earth producer, announced that it would suspend production for one month starting from that day. This move is similar to the strategy adopted by the company in October last year, but the suspension of production at the time did not play the role of "insured price." The output of light rare earth rare earths from Baotou Steel accounts for almost half of global production. "There are few enquiries on the market today." Chen Zhanheng, deputy secretary-general of the China Rare Earth Industry Association, said yesterday that the fall in rare earth prices in the second half of last year was different from the reasons for continued decline this year. “The most solid support for rare earth prices is downstream demand. Before a speculative speculation, the price of rare earth was 'Strapping into the sky' has gone, and the volume of exports at the time has also dropped compared to the same period of last year. It is inevitable that the prices of rare earths will not drop until the second half of 2011. This year's situation is different. Due to weak demand, prices have dropped to a certain extent. The willingness of companies to sell goods is not strong either. After all, companies have lower profit margins than before. Chen Zhanheng also mentioned that in various local governments' activities to crack down on illegal production and violations of rare earth production, black-workshop-type enterprises are faced with the possibility of being suspended. They may throw the low price of goods at hand to “wash white†in order to reduce the risk. It will have a certain impact on the market. "There are few enquiries on the market at present, and they are only small orders." Fu Bing, a researcher at rare earth industry researcher Hu Bing, said that the market is pessimistic about the trend of rare earth prices. Some analysts believe that in the past 20 years, China has firmly occupied the position of the major producing countries of rare earths. With the strengthening of control over rare earth exports and production in recent years, overseas rare earth production capacity has been rapidly restored or developed, and the world's rare earth industry reforms have weakened China’s Control force. In this round of changes, Japan’s strategy has received attention. Japan’s Kyodo News Agency stated on the 25th that in addition to diversifying rare earth import channels, Japan has also developed alternative materials and recycling technologies to reduce the use of rare earths and prevent itself from being affected by China’s restrictions on rare earth exports. "The current price is not too low" “Rare-earth minerals are rare, mining and production costs are even higher. It is certainly not normal to see that the number of mines rose by 10 times from 2010 to 2011. Judging from the current production costs and environmental protection costs, prices are more in line with market rules and may be For traders, they earn less," Hu Bing said. Hu Bing pointed out that although the current price of rare earth is “slugging downâ€, it is still “not too lowâ€, which is slightly higher than in 2009 and the first half of 2010. Taking yttrium oxide as an example, the current price is between 21 to 220,000 yuan/ton (excluding tax), and it was once as high as 1.26 million yuan/ton (excluding tax) in June and July 2011, and it was soaring in this wave. The previous tax-inclusive price was only 110,000 yuan/ton. The current price of metal lanthanum is 4.4 million yuan/ton, which is also higher than the price of 1.07 million yuan/ton (including tax) in May 2010. 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