Japanese Manufacturers Switch To China's &Nbsp, And The Dispute Over Rare Earths Deepens.

According to the Southern Metropolis Daily, rare earth Japanese manufacturers, who are worried about China's restrictive export quotas for rare earths, have begun to transfer production to China for a long time.

Reuters reported that Japan's major rare-earth alloy manufacturer Showa electric recently announced that its joint venture's output will increase by 50% to 3000 tons per year. Hitachi metals also began to consider the production of neodymium magnet to China and the United States.

The market expects that before 2013, no other country will supply a lot of rare earth, so the Showa electrician and Hitachi metals may indicate the beginning of the big move of technology manufacturers.

Lu Ming, a rare earth analyst, said that the reason behind the transfer of Japanese capital to China is that China's rare earth reserves rank the highest in the world. By the end of 2010, the world's rare earth reserves were 99 million tons, of which China's reserves were 36 million tons (36% of total), and the output was 120 thousand tons in 2009, accounting for 97% of the world's total output. Rare earth magnets are mainly used in hybrid electric vehicles and electric vehicles.

As a large country of rare earth reserves, China has rare earths. strategy The re recognition of resources has gone through a long process. Its price movements were also initially reflected in the first half of this year. Since the beginning of the year, the price of major rare earths has increased by more than 5 times.

In the development strategy of the newly emerging strategic emerging industry "12th Five-Year", the specific requirements for the new material industry are as follows: by 2015, the self-sufficiency ratio of key new materials will be increased to 70%, and the rare earth permanent magnet will be an important part. This means that in the future, Chinese and foreign enterprises will start a war of rare earth.

Baotou Steel Rare Earth is a representative of the North rare earth. From its announcement, China's rare earth functional materials revenue grew by 374.29%. At the same time, the growth rate of gross profit of main business is larger than that of revenue, basically reaching more than 2 times, while the gross profit growth of rare earth functional materials is 2.5 times that of revenue growth, an increase of 936.36% over the same period last year.

Not only that, Baotou Steel Rare Earth will set up a joint venture in Anhui to build an annual output of 4000 tons of Nd-Fe-B rapid solidification thin strip alloy project. After the completion of the project, the company will produce 19 thousand tons of rare earth magnetic materials. Marks the Baotou Steel Rare Earth to enhance the depth of the industrial chain as the focus of future development, and has entered neodymium iron boron magnets, rare-earth permanent magnet resonance imaging, polishing materials and nickel hydrogen batteries and other rare earth deep processing areas.

In addition, last month, China Aluminum Group set up a rare earth joint venture in Guangxi, leading the integration of the rare earth industry in the south. As the earliest China Minmetals Corp in the rare earth industry, China Minmetals Corp has initially formed an industrial chain from smelting separation to downstream application product production. At present, the smelting separation capacity reaches 13 thousand and 600 tons; the China nonferrous metals mining group company set up the South China Rare Earth (Xinfeng) Co., Ltd. in Guangdong, and invested 1 billion yuan with Jiangsu Xinwei group to set up the China rare earth group (Guangdong) Co., Ltd., and plans to build 17 thousand tons of rare earth separation capacity; Chinalco integrated the 5 rare earth separation enterprises in Jiangsu, with the capacity of over 30 thousand tons. From the perspective of geographical distribution, the layout of smelting separation capacity of Minmetals, China Aluminum and central China is relatively dispersed, but the development of rare earth resources is mainly in the three major southern rare earth resources provinces in Jiangxi, Guangxi and Guangdong.

Through the newly established south rare earth (Xinfeng) priority company, China hopes to acquire 200 thousand tons of rare earth resources in Guangdong new Fengxian County; in July 2011, China Aluminum and Guangxi Rare Earth Development Co., Ltd. jointly established with Guangxi Guangxi Nonferrous Metals Group and research rare earth new materials joint stock company in Guangxi, is expected to become the main body to integrate Guangxi rare earth resources.