The skyrocketing rare earth prices in the first half of the year have benefited China's rare earth export enterprises
yesterday (August 4), the China Nonferrous Metals Industry Association (hereinafter referred to as the Nonferrous Metals Association) held a press conference on the economic operation of China's nonferrous metals industry in the first half of 2011. According to the data released by the Nonferrous Metals Association, from January to June 2011, the export volume of China's rare earth metal products was US $1.54 billion, a year-on-year increase of 930%, while the export volume did not increase significantly
people in the rare earth industry said that the export volume of rare earth products did not increase significantly compared with last year, "the reason for the substantial increase in export volume is the rise in rare earth prices"
according to previous reports, since the beginning of the year, the price of rare earth products has increased by more than 200%, and the price of some varieties has increased by more than 6~10 times. However, recently, the domestic rare earth prices have fallen sharply, and the callback range is even more than 15%. In this way, Jia Mingxing, vice president and Secretary General of the Nonferrous Metals Association, said at the press conference on the same day that the rise in rare earth prices belongs to a rational return, and the trial production of low iron aluminum has officially started. Tourism enterprises should adapt to this change. "In recent months, the correction of rare earth prices also indicates that there is speculation and hoarding in the market, but this is not the mainstream."
according to the data of the Nonferrous Metals Association, from January to June, China's nonferrous metal exports reached US $21.32 billion, a year-on-year increase of 61.7%, an average increase of 50.3 percentage points over the "Eleventh Five Year Plan" period
Jia Mingxing also said that in the second half of 2011, the demand for non-ferrous metals in the domestic market remained stable, and the power of the increased electromechanical equipment needed to be$ The production and operation of non-ferrous industry will continue to run smoothly. "It is estimated that the output of 10 kinds of non-ferrous metals in the whole year will increase by about 10%, of which the output of electrolytic aluminum will increase by less than 10%. The overall positive trend of economic benefits of non-ferrous enterprises will not change."
it is reported that in the first half of this year, the output of 10 non-ferrous metals was 16.553 million tons, a year-on-year increase of 7.3%. Among them, the output growth of smelting products slowed down, and the growth of mineral products and deep processed products was significantly greater than that of smelting products; Moreover, the economic benefits are further concentrated in the enterprises with resources and energy, and the fixed asset investment shows an obvious trend of transferring to the West. China should combine the current basic situation