Japan hopes that China exports increase re

The electronic and automotive industry is very important, rare prices

Japan hopes that China exports increase re

According to media reports, France, recently Japan official recently that China expanded, rather than limit the export of rare earth resources.

These rare earth resources on the production of electronic devices and hybrid cars are very important.

Reports that have global 31% of rare-earth resources of China announced that the second half of the exports of rare earth resources up to 8000 tons, compared to the same period last year fell by 70%.

Japan trade province on the response, since China July announced that reduce export-re resources, a number of rare-earth elements of market prices have increased by 20%. Japan trade province also said: "Although other countries such as the United States also possesses rare earth resources, but China is only a price point lower producing country. But since the Chinese publishing news, rare earth prices started to rise. ”

Rare earth resources for production computers, cell phones, low-carbon cars these first in Japan of the rise of industry are essential.

The diet of the House of representatives and the trade Assistant already in Cabinet to China expressed for rare earth prices worry that Japan would also like to take place next week in Japan economic talks, reiterated this demand.

News background

The current global total reserves of rare earth resources to 88 million tons, of which China rare earth resources reserves accounted for only 31% of the world, the CIS accounted for 22% of world reserves, the United States accounted for 15%.

China to 31% of reserves in the world, meet the global needs of the 95 per cent, referred to as the "gold sold the cabbage price."

As a result of China's rare cheap, United States from 1985 to close their rare earth minerals, all imported from China; Japan is also a large number of import China rare earth hoarding.

According to the Deputy Secretary-General of China rare earth Institute Zhang an article revealed that, in 2009, China rare earth yields 12.48 million tons to meet the global needs of the 95% and above. In addition, last year Russia outside China rare earth yields to 2470 tons, India 50 tons.

Zhang an article that, China rare earth although reserves the first, yield first, export the first, but did not achieve the rare earth pricing power.

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