Rare Earth Mine In Japan Targeting The United States Is Still Difficult To Take Off In China

Japan's third-largest integrated trading company

, Sumitomo Corporation will be massive investment in California's largest rare earth mine operators Molycorp, 2011 in the spring can be redeployed rare earth of about 2,000 tons in 2012, imports are expected to increase to 3,000 tons, about to meet the Japanese earth years,Ytterbium metal powder price, the total demand of 10 %.

It is reported that Mountain Pass rare earth mine in China's "cheap war" competition, defeated, mine closed in 2002,Ytterbium metal powder, with the reduction in the global supply of rare earth in China, was predicted before the 2012 plan to restart the mine early in the spring of 2011 , with an annual output of about 2 million tons, it was revealed when the mine closed in 2002 the stock is still up to several tons.

Molycorp company spokesman said the further expansion of production in 2013,Ytterbium Metal, annual output can be increased to 4 million tons. Subsequently, Sumitomo said it would pay 10 billion yen the company's expansion plans with the Molycorp.

Prior to this, Japan's Mitsubishi Corporation, through its subsidiary Molycorp has signed for one year, the total of 1,000 tons of rare earth supply agreement, according to the agreement, Mitsubishi will be the year the company began importing Molycorp existing stocks of rare earth, and It has also become the only one from the year 2010, outside of China rare earth supply.

Accordingly, the Japanese media's analysis, is currently working with Mongolia, Vietnam, India and other rare earth supply agreement signed in 2013 basically have to wait until after the years of Japan's rare earth reached 30,000 tons of aggregate demand, can be described as "Never put off the fire" , at least in 2012, even 2013 years ago,Ytterbium Metal Supplier, Japan can not really rare earth supply "off China."

Source: http://www.mhcrem.com

by: ddew

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