National rare earth electronic inventory 600 billion trading volume potential

The “2015 Rare Earth Prospective Conference” sponsored by the Nanshi Rare Earth Products Trading Center was held in Meizhou, Guangdong Province. The attending professionals predicted that the national rare earth electronic inventory will have a trading volume potential of RMB 600 billion. The domestic investment in securitization of rare earth products has only just begun and will help China compete for rare earth pricing power in the international market in the future.

Wu Haiming, head of the Nanfang Group Rare Earth Products Trading Center, told the Southern Capital Reporter that according to the statistics of the China Rare Earth Industry Association, the domestic consumption of rare earth oxides in 2013 was about 20,000 tons and the market value was about 30 billion yuan***. If calculated in accordance with the 20-fold turnover rate, the company can withstand 600 billion yuan in electronic trading volume throughout the year, and the entire industry has huge room for growth.

“The state’s strategic control objectives for the rare earth industry are gradually clear. After relevant ministries and commissions have joined forces to crack down on black rare earths at the source, the rare earth industry will implement a 5+1 large rare earth group strategy. At the same time, the rare earth comprehensive recycling project will be included in the control of rare earth indicators. Finally, Actively guide rare earth enterprises to extend into deep processing and other industrial chains. China's rare earth industry will usher in the dawn of rational development in 2015.” Wu Haiming told reporters.