Abstract After Japanese scientists discovered rare earths in the Pacific Ocean, yesterday, overseas news of the Tomtor rare earth mine in the Russian Far East is about to be mined. The latter is expected to become the world's largest mining area. In this regard, China's rare earth experts say that although China currently occupies 90% of...
After Japanese scientists discovered rare earths in the Pacific Ocean, on the 15th of this month, overseas news of the Tomtor rare earth mine in the Russian Far East is about to be mined. The latter is expected to become the world's largest mining area. In this regard, China's rare earth experts said that although China Currently occupying 90% of the market, but still looking forward to seeing the diversification of global rare earth supply. According to Russian media reports, the ICT Group, controlled by Russian giant Alexander Nemesis, has invested US$1 billion in cooperation with Russian state-owned company Rostec to promote the investment and development of the Tomtor rare earth mine, one of the world's largest reserves of rare earth resources. Tomtor rare earth mine Covering an area of ​​250 square kilometers, it is located in the Yakutia region of Russia, with approximately 150 million tons of rare earth reserves, including antimony, antimony, antimony and antimony. The industry believes that this is a landmark event that may break the future of China in rare earths. The market is a big one.
Wang Guozhen, an expert in China's rare earth industry, believes that the above news did not disclose the rare earth content of the Tomtor mine, which will directly affect the competitiveness of the minerals.
According to the data, Russia's rare earth reserves rank second in the world, but the grade is low, and many mines are located in areas where infrastructure is not built.
After the surge in rare earth prices in 2011, Russia reported the development of rare earths. Jack Lifton, founder of Technology Metals Research, a rare earth industry consultancy, once said: "If Russia starts now (developing rare earth resources), it will not be put into production until 10 years later. "This means that the news of Russia's Tomtor rare earth mining will not be in the market in the short term.
In fact, since last year, overseas mines have resumed production, and the global rare earth supply pattern is changing quietly. It is reported that the US Mountain Pass mine has been re-produced. The mine is the world's largest single fluorocarbon strontium rare earth ore with a rare earth grade of 5%. ~10%, the proven reserves are 1.47 million tons. The mining rights belong to the US Molybdenum Company. In addition, the Australian Weld Mountain Mine has also been put into operation last year. The mine has a high grade (15% REO) and proven reserves of 1.4 million. Tons, the prospective reserves are expected to be more than 6 million tons.
The overseas rare earth mines are put into production in China's rare earth industry. When the China Rare Earth Industry Association was established in 2012, the Secretary General of the Association expressed this intention. They believe that the proportion of China's rare earth production to the total global production will exceed the current 95% dropped to around 70%.
In the opinion of the industry, the current price of rare earths is not the production of overseas mines, but the domestic rare earths have been squandered privately. A person from the Baotou Industrial Park told reporters that in Baotou, Zhangzhou and other places, the smuggling of the mining has been repeatedly prohibited. They are lower than the market dumping, which makes it difficult for China to implement the total output control of rare earths. The oversupply leads to the weak rebound of rare earth prices.
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