Foreign media: U.S. molybdenum prospects for China in 2015 or a net importer of rare earth

According to Reuters news, Molycorp Inc. predicted on the 10th that China may change from a rare earth exporter to a net importer of rare earths in 2015.

Mark Smith, CEO of US Molybdenum Company, said in a conference call that China is seriously considering cracking down on illegal export of resources and has implemented quite stringent measures to ensure effectiveness. He said that the number of rare earths illegally exported by China was about 10,000 tons last year, and this year will undoubtedly drop sharply.

Zhou Xiaochuan's response to monetary policy and financial issues in the morning ** Keynote The February economic data released today announced that China’s rare earth supply accounted for more than 95% of the world’s share. After China’s export quota for rare earths decreased by 72% in the second half of 2010, China announced 2011 In the first half of the year, China's export quotas will be reduced by another 35%. In the future, the market expects that China will continue to cut its rare earth export quotas. China also uses rare earths as one of the country's strategic reserve key resources.

Mark Smith said: "We have previously found that many countries other than China want to establish a strategic reserve of about 30,000 tons of rare earths, and an additional 5,000 tons will be saved for this purpose each year, but some countries have mentioned up to 200,000. T. Korea and Japan are putting pressure on the market to build rare earth reserves, making the supply and demand of rare earths in the market become tight."