The following remarks of Jim Rogers summed up my research on rare earth so far.
The demand surpasses supply now, so prices are up. People are using this opportunity to make money. The frenzy on these elements now is overdone, but not done.
This is the core information in the rare earth story. Others are bubbles, or man-created myths.
Here is what he said:
"Well, China does produce 97% of rare earth. Uranium is not a rare earth, but they do produce a lot of uranium as well. The future of rare earth is great. What is happening is the prices are going through the roof because the Chinese do control the supply, but it is pure simple capitalistic economics now. A lot of other people are opening mines because they can make a lot of money and governments are behind the companies opening new mines. So it’s all going to bring a new supply and eventually the price of rare earth will come down again. But in the mean time until the new mines can come on stream, somebody is going to make a lot of money"
The source is here: http://www.gurufocus.com/news.php?id=118927
2011年1月9日星期日
Rare earth hits US gasoline producers?
The high cost of rare earth metals is pushing up the cost of gasoline production in the US, according to the Wall Street Journal.
The cost in producing gasoline could be up by a penny a gallon due to the price increase of rare earth metals, the newspaper reported.
Rare earth elements accounts for 4 percent of catalysts used in gasoline making, and the recent price increase of them has added an extra 25 percent to catalyst costs, the paper cited the National Petrochemical and Refiners Association as saying.
Lanthanum and cerium are the elements used in this sector, know as gasoline-making fluid catalytic cracking units, or FCCUs, the report said, citing Lynas Corp Ltd, the Australian rare-earth supplier.
The original story is here:
http://online.wsj.com/article/SB10001424052748704055204576068270214808518.html?mod=googlenews_wsj
The cost in producing gasoline could be up by a penny a gallon due to the price increase of rare earth metals, the newspaper reported.
Rare earth elements accounts for 4 percent of catalysts used in gasoline making, and the recent price increase of them has added an extra 25 percent to catalyst costs, the paper cited the National Petrochemical and Refiners Association as saying.
Lanthanum and cerium are the elements used in this sector, know as gasoline-making fluid catalytic cracking units, or FCCUs, the report said, citing Lynas Corp Ltd, the Australian rare-earth supplier.
The original story is here:
http://online.wsj.com/article/SB10001424052748704055204576068270214808518.html?mod=googlenews_wsj
2011年1月6日星期四
Japan and Mongolia in talk with EPA
Japan’s National Strategy Minister Koichiro Genba visited Mongolia this week to talk with economic partnership between the two countries, the Xinhua News Agency quoted the Mongolian Foreign Ministry as saying.
“Mongolia is interested in cooperating with Japan in mining, especially uranium, rare earth elements and technological fields,” the report cited Tsakhia Elbegdorj, Mongolian President, as saying.
The two nations may start the Economic Partnership Agreement (EPA) negotiation in April. This is going to be the first EPA negotiation for Mongolia, the energy rich Asian country.
The tie between the two nations will bring Japan more access to natural resources. In return, Japan will help Mongolia with its economic development.
The Xinhua report is here:
http://www.mongolianviews.com/2011/01/japans-national-strategy-minister.html
Also bookmark an article on Japan Mongolia love affair:
http://www.atimes.com/atimes/Japan/IB28Dh01.html
“Mongolia is interested in cooperating with Japan in mining, especially uranium, rare earth elements and technological fields,” the report cited Tsakhia Elbegdorj, Mongolian President, as saying.
The two nations may start the Economic Partnership Agreement (EPA) negotiation in April. This is going to be the first EPA negotiation for Mongolia, the energy rich Asian country.
The tie between the two nations will bring Japan more access to natural resources. In return, Japan will help Mongolia with its economic development.
The Xinhua report is here:
http://www.mongolianviews.com/2011/01/japans-national-strategy-minister.html
Also bookmark an article on Japan Mongolia love affair:
http://www.atimes.com/atimes/Japan/IB28Dh01.html
the myth: has the Chinese embargo to Japan ever happened?
A wall street journal piece point out Japan's imports of rare earth from China actually increased in 2010. This is an interesting point, confusing too --- all the media frenzy is based upon the embargo by China amid some territorial disputes. If that did not happen, what is this all about?
The article is here:
http://blogs.wsj.com/chinarealtime/2011/01/06/japan-sustains-chinese-rare-earth-imports/
The article is here:
http://blogs.wsj.com/chinarealtime/2011/01/06/japan-sustains-chinese-rare-earth-imports/
China is to regulate its rare earth industry with new environmental rules
A regulation on pollutants of rare earth industry is under examination now and may take effect this year, the Shanghai-based Dongfang Daily reported, citing a former industry official.
The new regulation might double the cost on environment protection for rare earth manufacturer in China, the newspaper cited Wang Guozhen, a former vice director of China Nonferrous Engineering and Research Institute, as saying.
New plants will have to work according to the regulation. The existing facilities can spend a year or two before adjusting to the new standards, Wang was quoted as saying.
The Ministry of Environmental Protection passed the regluation on December 31st 2010, according to the ministry’s website.
Source:
1. Dongfang Daily http://www.dfdaily.com/html/113/2011/1/6/555449.shtml
2. Ministry of Environmental Protection: http://www.zhb.gov.cn/zhxx/hjyw/201012/t20101231_199336.htm
The new regulation might double the cost on environment protection for rare earth manufacturer in China, the newspaper cited Wang Guozhen, a former vice director of China Nonferrous Engineering and Research Institute, as saying.
New plants will have to work according to the regulation. The existing facilities can spend a year or two before adjusting to the new standards, Wang was quoted as saying.
The Ministry of Environmental Protection passed the regluation on December 31st 2010, according to the ministry’s website.
Source:
1. Dongfang Daily http://www.dfdaily.com/html/113/2011/1/6/555449.shtml
2. Ministry of Environmental Protection: http://www.zhb.gov.cn/zhxx/hjyw/201012/t20101231_199336.htm
2011年1月5日星期三
Short on Molycorp
Share price of Molycorp might be overvalued. The author estimates that the company value $2 billion, instead of $4 billion. The key is long term supply may meet, or even surpass, demand. Possibilities include future subsititution for rare earth, supply from China or elsewhere.
The analysis is here: http://seekingalpha.com/article/244880-is-molycorp-really-worth-4-7b
The analysis is here: http://seekingalpha.com/article/244880-is-molycorp-really-worth-4-7b
2011年1月4日星期二
South Korea
South Korea:
South Korea will develop rare earths in Vietnam, Australia, Kyrgyzstan and South Africa this year, while cooperating with Japan for overseas development of the minerals, Reuters reported, citing a government report.
The report also mentioned the Asia’s fourth-largest economy is trying to increase its self sufficiency rate of demand for rare earth and other minerals.
South Korea will develop rare earths in Vietnam, Australia, Kyrgyzstan and South Africa this year, while cooperating with Japan for overseas development of the minerals, Reuters reported, citing a government report.
The report also mentioned the Asia’s fourth-largest economy is trying to increase its self sufficiency rate of demand for rare earth and other minerals.
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