Baotou City in Inner Mongolia, organized the Fifth International Workshop on Rare Earth Development and Application of learned, with the rare earth market supply tight, prices rising, in the past shut down some of the rare earth mine planned abroad to restart production.

As the world's No. 1 producer of rare earth, rare earth products in international market demand for more than 90% dependent on our supply. Since 2005, China adopted a series of rare earth industry, control measures, on the rare earth industry sorted out, and rare earth production guidance to the mandatory scheme. At the same time becoming more stringent export control policies, export quotas gradually compressed.
This release order by the China Chemical Network www.chemnet.com.cn
According to the National Development and Reform Commission data released by the Office of Rare Earth in 2006, the country produced 132,500 tons of rare earth minerals, total exports of rare earth products after processing about 50,000 tons, down from 55,300 tons in 2005. At the same time, annual global demand for rare earth is in the range of about 10% growth. New Material Technology Co., Ltd. from Canada Jeff Haugen of the experts said that the past production of rare earth products in China, 90% of the supply of international markets, the current rapid growth due to domestic consumption, the proportion had fallen to 50% international market demand caused by tight supply. In recent years, rare earth products prices have soared, some rare-earth prices since 2006 has increased by about 100-200 percent.

For example, in early 2006, metal neodymium, terbium metal was 100,000 yuan per ton and 360 million from the current maximum per ton rose to 350,000 yuan, respectively, and about 4.8 million yuan, per ton of metal Dy from 54 in 2006 more than 10,000 yuan rose to 82 million from the current world supply of rare earth raw materials for processing enterprises generally more pressure.

Baotou Rare Earth Research Institute, according to Zhao Zengqi introduced in the future as the country to strengthen regulation and control of rare earth industry, the price is still rare earth upside. Therefore, in the past for foreign environmental, cost and resource reserves are closed or the development of rare-earth mine, has begun planning to re-start mining work. Rare earth industry had not entered into the industry are stepping up their capital. Zhao Zengqi example, in 2003, for various reasons, the United States molybdenum mining companies to stop large-scale local Mountain Pass rare earth mining, to all products imported from China Rare Earth. April 2007, the company has announced the re-start the development project, this year will be mining, extraction and production of tight market neodymium, praseodymium and other rare earth products.

In addition, Canada, Australia, Central Asia and other countries had closed the rare earth mine are planning to re-start mining, many foreign enterprises on the development of rare earth resources, showed great interest in, one after another to China, Central Asia and Southeast Asia study, for construction of rare earth production and processing projects.