Interesting to note the Chinese Government now plans to restrict...

Interesting to note the Chinese Government now plans to restrict mining and output in lline with its focus of the strategic value of REE’s. With China the heavy weight in the REE mining department this will only have an upward pressures on supply and you’d assume prices.

Dear Sir/Madam, Developed countries are shifting their focus to the defense and high-tech cutting-edge industries to boost economic growth, on the backdrop of rapid development of global economies and high-tech sectors. The rare earth industry is gaining traction as they are used in more than 30 sectors related to defense and high-technology due to their excellent photoelectric properties. Development of new materials, electronic information industry, new energy, aerospace, as well as energy conservation and environmental protection sectors has greatly bolstered demand for rare earth products around the world, and this will result in a decline of global and Chinese rare earth output in the future. Global and Chinese rare earth output trended higher during 1998-2014, but slid during 2014-2017 and rose again in 2018. In recent years, with more focus directed to the strategic value of rare earth, the Chinese government has taken measures to prevent uncontrolled mining of rare earth, strictly limiting output. This, coupled with the coronavirus pandemic, is expected to weigh on rare earth output over the next two years. At present, China’s rare earth permanent magnet material market faces surplus of medium and low-end capacities, as well as challenges and difficulties in production, research and investment. Shanghai Metals Market (SMM) is glad to announce a conference dedicated to the rare earth industry-China Rare Earth and Permanent Magnet Industry Market Application Summit 2020, which will be held inGanzhou, Jiangxi,on15-16 October 2020. In this exclusive Summit, we will invite distinguished guests from the rare earth industry to discuss the innovation and development of China’s rare earth permanent magnet materials industry. Rare earth feedstock and permanent magnet materials, motors and end products producers will also gather and share their insights on the trending topics. Due to the current travel restrictions and health issues amid COVINOT recommend you to travel to China for the Summit. Instead, we cordially invite international delegates to participate in this extraordinary event viaonline webcast! Please stay tuned for the registration updates, which will be announced on our social media channels :Facebook,Twitter,Linkedinandwww.metal.com