Leveraging green energy industry demand for rare earths
Source: Baotou Daily Date: May 21, 2015
Benefit from the country to vigorously promote energy conservation and environmental protection industry, the first quarter of this year, associated with a high degree of energy saving light rare earth sales increase, prices stabilized situation.
In the first quarter, operating income of northern rare earth 1.692 billion yuan, an increase of 56%.Increase in sales revenue was mainly due to rising product prices, praseodymium, neodymium, lanthanum products while increasing sales. The above products are mainly used for wind power, frequency conversion motor, new energy vehicles, petroleum cracking, automobile exhaust gas treatment other energy-saving and environmental protection industries.
In accordance with the "Air Pollution Prevention Action Plan" recently issued by the State Council, China's refined oil will continue to accelerate upgrading the quality of the national special action.Improving oil upgrading, automobile exhaust governance will directly boost spending lanthanum. It is understood that lanthanum is mainly used in the manufacture of rare earth catalytic cracking material, used in the oil separator, flue gas desulphurization and denitrification, automobile exhaust gas treatment, nickel-hydrogen batteries and other environmental fields. According to deputy general manager of the Northern Rare Earth International Trade Company Huang Shaodong, a quarter of sales in North lanthanum cerium rare earths grew more than 10%, the main reason is increased demand for energy-saving and environmental protection lanthanum.
By the end of April this year, the National Energy Board announced that the China Wind Power "second five" planning objectives ahead of schedule, because the proportion of wind power in China's energy structure is increasing, but also the direct drive wind power equipment, especially on the core material NdFeB permanent magnet direct drive generator equipment needs. At the same time, the Ministry of Finance, Ministry of Science, the Ministry and the National Development and Reform Commission recently issued "on the 2016--2020 promote the use of new energy vehicles in the financial support policy," the notice, and whether it is a pure electric car or plug-in hybrid is Application of rare earth synthesizer, its control systems, battery systems and power systems require extensive use of rare earth elements, especially lanthanum, cerium, praseodymium, neodymium and other light rare earth elements.
The industry believes that the current rare earth materials research and development related to the production of energy-saving and environmental protection is still in its infancy, as China gradually saving and environmental protection industry into a new pillar industry, market demand for rare earth new materials will continue to increase substantially.
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we should see the price hits the ceiling on what you described. Guess same applies to SP ,right? tell us more
(20min delay)