Research and Markets has added the “China Rare Earth Industry Report, 2012-2015” report to their offering.
As the world’s major rare earth country, China occupies 50 percent of the total global rare earth reserves, but also provides about 90 percent of the global rare earth products every year. In order to protect rare earth resources, it has promulgated a number of policies over the years to limit over-exploitation and export of rare earth, including mining license control, total quantity control, export quotas, special invoice system, etc., whose implementation has caused supply decrease and price increase as far as Chinese rare earth products are concerned.
In China, rare earth consumption can be divided into traditional field and new material field, of which, the former covers metallurgy / machinery, petroleum / chemicals, glass / ceramics, agriculture / light industry / textile, etc., and the latter mainly refers to permanent magnet materials, luminescent materials, polishing materials and hydrogen storage materials. In recent years, driven by downstream demand, the new material field has witnessed rising consumption of rare earth. It is expected that in 2015, the demand for rare earth from new materials will account for 79.8 percent of the total, of which, magnetic materials will show the largest of 61.3 percent. For more information visit Research and Markets.com.