Rare Earth Fever Has Fry Export Quotas To &Nbsp, And The Price Of One Ton Is 400 Thousand To 500 Thousand.

The asking price for one ton quota is 400 thousand to 500 thousand yuan.

Just like sitting in front of the big coal mine gates in Shanxi a few years ago, everyone asked "dealers in need (coal) approval". rare earth The abnormal chain of interests of quotas has sprung up in the rare earth industry.

"Light quota is a huge profit." In the eyes of the rare earth industry, "yes. Exit Quotas are equivalent to "money" and do not even need to be produced or sold. This year, the largest increase in cerium oxide has reached 242.9%, and the price of other products has also increased by more than doubled.

"One (rare earth export) quota has been sold to 400 thousand to 500 thousand!" Wang Ming, who sits in the office, is anxiously waiting for news. Because he has many overseas customers, he must get the quota of rare earth as soon as possible so that he can do the business well. He told reporters that this price often adds a lot of intermediate benefits, even though many companies are rushing to buy and buy.

Driven by high profits, the export of rare-earth quotas has become increasingly rampant since last year. The reporter learned from a rare earth industry authority that this has become a secret in the rare earth industry. Among many companies that sell scalp quotas, there are many large domestic enterprises.

As we all know, rare earth is known as "industrial vitamin". It is widely used in military, electronics and other industries, and is an important strategic mineral resource. China is the largest producer of rare earth elements. However, because of disorderly development and competition, rare earth used to sell large quantities of exports in the past few years at the price of "cabbage". In order to protect the rare earth resources, a series of related policies have been promulgated in recent years.

The implementation of export quotas is an important part of the policy. Reporters learned that in recent years, the Chinese government began to gradually reduce the number of rare earth export quotas. Last December 28th, the Ministry of Commerce announced a total of 14508 tons of rare earth export quotas in the first half of this year, of which 22 rare earth export quotas granted to Chinese funded enterprises will be restricted to 10762 tons, and 9 foreign and Sino foreign joint ventures' export quotas for rare earths were 3746 tons, down 34% and 37% respectively.

"The exuberant demand from abroad has intensified domestic dependence on export quotas, plus loopholes in quota allocation and regulation, which has provided an excellent space for scalping quotas." The industry insiders told reporters. This is not true. In fact, the demand for rare earths in the international market is mainly dependent on the supply of Chinese market. Statistics show that in 2008, the output of China's rare earth minerals was 125 thousand tons, and the output of rare earth smelting and separating products was 135 thousand tons. In 2008, China's consumption of rare earth was only 70 thousand tons, while the world's consumption of rare earth was 130 thousand tons, about half of which was exported.

According to Wang Ming's description of reporters, in general, rare earth processing companies with customers but not enough quotas will find "no customers but redundant quotas" through some intermediary companies or personal channels. According to the current market price, the quotations for a ton of quotas should be between 400 thousand and 500 thousand. After the two sides determine the price, the rare-earth processing enterprise will report the price of the rare earth products and the quotas of the quotas to the foreign buyers.

"If the foreign buyers accept, the latter procedure will be the same as the OEM products." He told reporters that in order to use quotas smoothly, the above-mentioned rare earth processing enterprises need to sign contracts and carry out exports in the name of quotas. After the payment comes to the accounts, the quota enterprises will deduct the quotas that have been negotiated before, and then remit the remaining products to the rare-earth processing enterprise accounts.

"There are usually some internal agreements between rare earth processing enterprises and large companies selling scalping, but after all, there are risks. Generally, they will find familiar channels." The industry insiders told reporters.

"It is undeniable that we have a lot of loopholes in the allocation and regulation of rare earth quotas." The insiders pointed out bluntly. He said that at present, the quota of rare earth is like "coal approval in previous years". In the case of hot demand, not only did the price of rare earth become a sky high price, but also the price of quotas was increased artificially. Because the relevant government departments have not really inspecting the actual operation of enterprises, resulting in unreasonable distribution of quotas, some trade enterprises have many quotas in their hands, so they can get huge profits without directly purchasing through any procurement and trade activities.

"This is very unfavorable for industrial development." Heng Kun, principal analyst at Anxin securities, said in an interview with the economic reference daily that the price difference between the domestic and foreign rare-earth products has reached 500 thousand / ton to 600 thousand / ton. The scalp sale will continue to push up the price difference between the domestic and foreign countries to a certain extent, thereby speeding up the stealing and smuggling of China's rare earths. On the other hand, by selling the quotas, it can easily make huge profits. Such a huge temptation will form a deformed industrial chain, because the rent-seeking involving rights will also breed more malignant events such as corruption.

Heng Kun suggested that, on the one hand, the state should strengthen the application examination and quota utilization of the existing quota enterprises. supervise We must strictly prohibit vicious incidents of scalping quotas and propose corresponding punishments. On the other hand, we should establish industry access conditions, set up a threshold in terms of environmental protection, business operation, scale and so on. Eligible rare-earth production and processing enterprises can apply for quotas. At the same time, quotas should be more inclined to meet production enterprises.