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    Rare Earth Industry Annual Report 2023

    2024-02-25 12:57:55   【Print】
    The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
    Please contact us for a subscription.
    Contents

    1 Definition, Type, Distribution, Application 5
    1.1 Definition 5
    1.2 Type 5
    1.2.1 Bastnaesite-Monazite Mixed Ore 5
    1.2.2 Bastnaesite Ore 5
    1.2.3 Ionic Rare Earth Ore 5
    1.2.4 Monazite Ore 5
    1.3 Distribution 5
    1.3.1 Global rare earth mine production and reserves 5
    1.3.2 Chinese rare earth mine reserves 6
    1.3.3 Chinese rare earth producers' distribution 6
    1.4 Applications 7
    1.5 Chinese Rare Earth Policy 7
    1.5.1 Production quotas 7
    1.5.2 Resource tax 8
    1.5.3 New rare earth mines exploration 8
    1.5.4 National stockpile 8
    1.5.5 Tariff 8
    1.5.6 Export rebates 8
    2 Economy and Policy 8
    2.1 China to adjust import & export tariffs on some goods from Jan 1 9
    2.2 China releases 2023 Catalogue of Goods Subject to Export License Administration 9
    2.3 World Bank lowers global economic growth forecast to 1.7% for 2023 9
    2.4 CPCA: China's new energy passenger car retail sales up by 90% YoY in 2022 9
    2.5 China to launch new round of domestic strategic minerals prospecting 9
    2.6 GACC: China's total foreign trade value exceeds RMB40 trillion for first time 9
    2.6 STA: NEV purchase tax of more than RMB80 billion exempted in 2022 9
    2.7 GACC: China's exports of rare earth down by 0.4% YoY in 2022 9
    2.8 MIIT: China strives to double manufacturing robot density by 2025 over 2020 9
    2.9 IMF raises forecast for global economic growth in 2023 to 2.9% 9
    2.10 MIIT to take measures to ensure supply and stabilize price of key NEV raw materials 9
    2.11 CPCA: China's new energy passenger car retail sales decrease by 6.3% YoY in Jan 10
    2.12 MEE: Nearly 60% of rectification plan for second round of central environmental supervision completed 10
    2.13 China again extends tariff exemptions on some U.Asian Metal Copyright9 Terbium metal 99.Asian Metal CopyrightS. imported products 10
    2.14 China issues Action Plan for Development of Intelligent Detection Equipment Industry (2023-2025) 10
    2.15 GACC: China's foreign trade sector begins with steady performance in first two months of 2023 10
    2.16 MIIT: Strive to stabilize mass consumption of automobiles and consumer electronics 10
    2.17 World Bank raises China's economic growth forecast to 5.1% 10
    2.18 WTO raises global trade growth forecast for 2023 10
    2.19 Ministry of Commerce: China's outward non-financial direct investment up by 26.6% YOY in Jan-Apr 10
    2.20 China H1 foreign trade exceeds 20 trillion yuan for first time 11
    2.21 China further extends tariff waivers on some U.Asian Metal Copyright46 Jinzhou Haite increases crude scandium oxide output 33 4.Asian Metal CopyrightS. imported products 11
    2.22 China's Ministry of Commerce adds rare earth to export report directory 11
    3. Market Movements 11
    3.1 Domestic Market 11
    3.1.1 PrNd oxide 99%min EXW China 11
    3.1.2 PrNd mischmetal 99%min Nd2O3 75% EXW China 12
    3.1.Asian Metal Copyright1.Asian Metal Copyright3 Neodymium oxide 99.5%min EXW China 13
    3.1.4 Neodymium metal 99%min EXW China 14
    3.1.Asian Metal Copyright3 China's dysprosium oxide export volume 51 7.Asian Metal Copyright5 Praseodymium 99.5%min EXW China 15
    3.1.Asian Metal Copyright1.Asian Metal Copyright6 Dysprosium oxide 99.5%min EXW China 16
    3.1.7 Ferrodysprosium 80% EXW China 17
    3.1.Asian Metal Copyright3.Asian Metal Copyright8 Terbium oxide 99.99%min EXW China 18
    3.1.Asian Metal Copyright1.Asian Metal Copyright9 Terbium metal 99.9%min EXW China 19
    3.1.10 Chinese cerium oxide market 20
    3.1.11 Chinese lanthanum oxide market 21
    3.1.Asian Metal Copyright9 JL MAG's existing high-performance NdFeB production capacity records 23,000t 29 4.Asian Metal Copyright12 Europium oxide 99.999%min EXW China 22
    3.1.Asian Metal Copyright4 Applications 7 1.Asian Metal Copyright13 Yttrium oxide 99.999%min EXW China 23
    3.2 Export Market 24
    3.2.1 Neodymium metal 99%min FOB China 24
    3.2.2 Ferrodysprosium 80% FOB China 25
    3.2.Asian Metal Copyright1.Asian Metal Copyright3 Lanthanum oxide 99.9%min FOB China 26
    3.3 International Market 27
    3.3.1 European cerium oxide market 27
    3.3.2 European praseodymium oxide market 27
    4 Company News 28
    4.1 Domestic Market 28
    4.1.Asian Metal Copyright1 Definition 5 1.Asian Metal Copyright1 China Rare Earth Group to raise no more than RMB2.03 billion 28
    4.1.Asian Metal Copyright1.Asian Metal Copyright2 Jinko Power to invest RMB1.2 billion in 200MW wind power generation project 29
    4.1.3 Innuovo expects to construct 2,000t new rough NdFeB production capacity in 2023 29
    4.1.4 Shenghe Resources' subsidiary puts into operation 6,000tpy rare earth metal technology upgrading project 29
    4.1.5 Rising Nonferrous Metals commences pilot production of Shengyuan NdFeB permanent magnet project 29
    4.1.6 BYD beats Tesla as world's top NEVs seller in 2022 29
    4.1.7 Longyuan Power to build 5GW new energy projects in Xinjiang 29
    4.1.8 Earth-panda's annual NdFeB magnet production capacity records 8,000t 29
    4.1.9 JL MAG's existing high-performance NdFeB production capacity records 23,000t 29
    4.1.10 Linyuan Group to invest in new energy projects in Urad Middle Banner 29
    4.1.11 Bao Gang United Steel unveils 2023 production plan 29
    4.1.12 Rising Nonferrous Metals and Wolong Group to cooperate in magnetic product supply 30
    4.1.13 Jingneng Power to participate in building 2GW new energy conveying base project 30
    4.1.Asian Metal Copyright1.Asian Metal Copyright14 China Rare Earth Group takes over No. 3 Dalucao rare earth ore deposit in Dechang, Sichuan 30
    4.1.15 Zhong Ke San Huan puts 5000tpy high-performance sintered NdFeB project into operation 30
    4.1.Asian Metal Copyright3.Asian Metal Copyright16 SAIC Motor reports 30.63% decline in finished automobile sales in Jan-Feb 30
    4.1.17 Northern Rare Earth to purchase 320000t of rare earth concentrate from Bao Gang United Steel in 2023 30
    4.1.Asian Metal Copyright2.Asian Metal Copyright18 Galaxy Magnets' rare earth permanent magnet sales down by 5.6% YoY in 2022 30
    4.1.Asian Metal Copyright1.Asian Metal Copyright19 BYD's NEV sales up by 92.81% YoY in Jan-Mar 30
    4.1.20 Zhong Ke San Huan Hi-tech to expand 10kt sintered NdFeB production capacity in 2023 30
    4.1.23 Baotou's 120ktpy La-Ce rare earth material conversion base project breaks ground 30
    4.1.Asian Metal Copyright3 Ionic Rare Earth Ore 5 1.Asian Metal Copyright24 JL MAG's output of grain boundary penetrating products up by 47.39% YoY in Q1 31
    4.1.25 JL MAG commences construction of Jincheng permanent magnetic material project 31
    4.1.Asian Metal Copyright21 China further extends tariff waivers on some U.Asian Metal Copyright26 China Northern Rare Earth's rare earth oxide production up by 31.92% YoY in Q1 31
    4.1.27 Yuneng Holdings to invest about RMB3 billion in multi-energy complementary integration project 31
    4.1.28 Huakong Power inks 1GW wind-solar complementary project contract with Wulan 31
    4.1.29 Jingxiang Magnet's bonded magnetic powder output to decrease 31
    4.1.30 JL MAG's subsidiary signs strategic cooperation framework agreement with CR Power 31
    4.1.31 Tianhe Magnetics' IPO application approved by SSE Listing Review Committee 31
    4.1.32 Guidong Electric Power approved to build 400MW wind power capacity 31
    4.1.33 Zhong Ke San Huan holds light rare earth inventory for consumption of 2-3 months 31
    4.1.34 Jinmeng Rare Earth to build 3ktpy RE concentrates separation line upgrade project 32
    4.1.Asian Metal Copyright1.Asian Metal Copyright35 GRIAM transfers 38.72% equity of Grirem to China Rare Earth Group 32
    4.1.36 Nantong Zhenghai Magnet has 6ktpa capacity coming on stream 32
    4.1.37 Rising Nonferrous Metals' subsidiary Huaqi Company reports 19% YoY increase in RE ore production in Jan-May 32
    4.1.38 Zhongyu Magnetic Material commences construction of 2000tpy NdFeB RE magnetic materials project 32
    4.1.39 Rising Nonferrous Metals aims to produce 2700t of rare earth ore in 2023 32
    4.1.40 Northern Rare Earth H1 concentrate smelting and separation outputs hit record high 32
    4.1.Asian Metal Copyright1 Neodymium metal 99%min FOB China 24 3.Asian Metal Copyright41 Northern Rare Earth plans to produce 161.4kt of REO in 2023 32
    4.1.42 YSM's low weight rare earth magnet material expansion project to begin production 32
    4.1.43 Giastar Magnet begins phase one production at 100ktpa sintered NdFeB magnets project 33
    4.1.44 Hunan Rare Earth signs contracts to build 40ktpa monazite processing project 33
    4.1.45 Ganzhou Fortune's 5ktpa NdFeB project to begin trial production 33
    4.1.46 Jinzhou Haite increases crude scandium oxide output 33
    4.1.47 Xiamen Tungsten and China Rare Earth Group sign agreement to develop rate earth resources in Fujian 33
    4.1.48 Xinjiang power grid's installed new energy capacity exceeds 37 GW 33
    4.1.48 Guangdong TDK breaks ground on phase two sintered NdFeB magnets project 33
    4.1.49 Shenghe Resources unit to acquire new shares in Vital Metal 33
    4.1.50 Northern Rare Earth announces Q3 production and sales results 33
    4.1.Asian Metal Copyright18 WTO raises global trade growth forecast for 2023 10 2.Asian Metal Copyright51 Shenghe Resources Q3 rare earth oxides sales up by 78.18% YoY 34
    4.1.Asian Metal Copyright16 MIIT: Strive to stabilize mass consumption of automobiles and consumer electronics 10 2.Asian Metal Copyright52 Shenghe Resources Q3 rare earth oxides sales up by 78.18% YoY 34
    4.1.53 Earth-Panda's Baotou 5ktpa NdFeB project begins production 34
    4.1.54 Beifang Jiaxuan permanent magnet motor project begins phase one production 34
    4.2 International Market 34
    4.2.1 Rama Ferro Alloys & Finance increases LaCe mischmetal consumption 34
    4.2.2 Lynas' rare earth oxide sales reach 7050t 34
    4.2.3 Brazilian government delays approving Araxa Metals' environmental protection license 34
    4.2.4 Lynas' NdPr production achieves new quarterly record at 1725t 34
    4.2.5 Tesla's auto shipments hit record high in Q1 2023 35
    4.2.6 Three Gorges Renewables' new installed capacity to exceed 5000MW in 2030 35
    4.2.7 Lynas reports increased praseodymium-neodymium production in Q4 FY23 35
    4.2.8 Araxa Metals gets environmental protection license from Brazilian government 35
    4.2.9 Lynas' Kalgoorlie rare earth facility achieves first feed on 35
    5. Producers Statistics 35
    5.1 China's PrNd oxide production statistics 35
    5.1.1 China's PrNd oxide producers' total number 35
    5.1.3 China's PrNd oxide producers' average operating rate 36
    5.1.4 China's PrNd oxide producers' output 36
    5.1.4 China's PrNd oxide producers' stocks 37
    5.2 China's PrNd mischmetal production statistics 37
    5.2.1 China's PrNd mischmetal producers' total number 37
    5.2.1 China's PrNd mischmetal production capacity 38
    5.2.2 China's PrNd mischmetal producers' operating rate 38
    5.2.3 China's PrNd mischmetal producers' output 39
    5.2.4 China's PrNd mischmetal producers' inventory 39
    5.3 China's dysprosium oxide production statistics 40
    5.3.1 China's dysprosium oxide producers' total number capacity 40
    5.3.2 China's dysprosium oxide producers' production capacity 40
    5.3.3 China's dysprosium oxide producers' operating rate 41
    5.3.4 China's dysprosium oxide producers' output 41
    5.3.4 China's dysprosium oxide producers' inventory 42
    5.4 China's ferrodysprosium production statistics 42
    5.4.1 China's ferrodysprosium producers' total number 42
    5.4.2 China's ferrodysprosium producers' production capacity 42
    5.4.2 China's ferrodysprosium producers' operating rate 43
    5.4.3 China's ferrodysprosium producers' output 43
    5.4.4 China's ferrodysprosium producers' inventory 44
    5.5 China's neodymium metal production statistics 44
    5.5.1 China's neodymium metal producers' total number 44
    5.5.2 China's neodymium metal producers' capacity 44
    5.5.3 China's neodymium metal producers' operating rate 45
    5.5.3 China's neodymium metal producers' output 45
    5.5.4 China's neodymium metal producers' inventory 46
    6. Consumers Statistics 46
    6.1 China's PrNd oxide consumption statistics 46
    6.1.1 China's PrNd oxide consumers' total number 46
    China's PrNd oxide consumers' total number rose to 38 in 2023, an increase of 5.56% YoY. 46
    6.1.2 China's PrNd oxide consumers' consumption capacity 46
    6.1.3 China's PrNd oxide consumers' operating rate 47
    6.1.3 China's PrNd oxide consumers' consumption 47
    6.1.4 China's PrNd oxide consumers' inventory 48
    6.2 China's dysprosium oxide consumption statistics 48
    6.2.1 China's dysprosium oxide consumers' total number 48
    6.2.2 China's dysprosium oxide consumers' consumption capacity 49
    6.2.3 China's dysprosium oxide consumers' operating rate 49
    6.2.4 China's dysprosium oxide consumers' consumption 49
    6.2.4 China's dysprosium oxide consumers' inventory 50
    7. Customs Statistics 50
    7.1 Summary of rare earth export statistics in 2023 50
    7.2 China's neodymium oxide export volume 50
    7.3 China's dysprosium oxide export volume 51
    7.4 China's terbium oxide export volume 52
    7.5 China's lanthanum oxide export volume 52
    7.6 China's cerium oxide export volume 53
    7.7 China's yttrium oxide export volume 54
    8. Relevant Industries Development 55
    9 Supply and Demand Outlook 56
    9.1 Domestic Market 56
    9.1.1 PrNd oxide 99%min EXW China 56
    9.1.2 PrNd mischmetal 99%min Nd2O3 75% EXW China 56
    9.1.Asian Metal Copyright2.Asian Metal Copyright3 Neodymium oxide 99.5%min EXW China 56
    9.1.4 Neodymium metal 99%min EXW China 56
    9.1.Asian Metal Copyright1 China's PrNd oxide production statistics 35 5.Asian Metal Copyright5 Praseodymium 99.5%min EXW China 56
    9.1.Asian Metal Copyright1.Asian Metal Copyright6 Dysprosium oxide 99.5%min EXW China 56
    9.1.7 Ferrodysprosium 80% EXW China 56
    9.1.Asian Metal Copyright1.Asian Metal Copyright8 Terbium oxide 99.99%min EXW China 56
    9.1.Asian Metal Copyright1 Definition 5 1.Asian Metal Copyright9 Terbium metal 99.9%min EXW China 56
    9.1.10 Chinese cerium oxide market 56
    9.1.11 Chinese lanthanum oxide market 56
    9.1.Asian Metal Copyright34 Jinmeng Rare Earth to build 3ktpy RE concentrates separation line upgrade project 32 4.Asian Metal Copyright12 Europium oxide 99.999%min EXW China 56
    9.1.Asian Metal CopyrightS.Asian Metal Copyright13 Yttrium oxide 99.999%min EXW China 56
    9.2 Export Market 56
    9.2.1 Neodymium metal 99%min FOB China 56
    9.2.2 Ferrodysprosium 80% FOB China 56
    9.2.Asian Metal Copyright5.Asian Metal Copyright3 Lanthanum oxide 99.9%min FOB China 57
    9.3 International Market 57
    9.3.1 European cerium oxide market 57
    9.3.2 European praseodymium oxide market 57



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