Development of Rare Earth Industry in China The rare earth resources in China are mainly concentrated in Baotou City and Ganzhou City, Jiangxi Province, China. Therefore, the rare earth industries in these two cities are relatively developed, which can be used for reference and driving the development of rare earth industries in other provinces and cities in China.

In 2005, the rare earth industry in China maintained a healthy and rapid development trend, especially the new rare earth materials in China continued to maintain a rapid development momentum. The domestic application of rare earth reached 5010.9 million tons, accounting for nearly half of rare earth smelting and separation products, and the economic benefits were greatly improved. In 2005, the total consumption of rare earths in China reached 8,000 tons, and it is predicted that the consumption of rare earths in China will reach12,300 tons in 20 10.

China rare earth market developed well in 2006. In the first half of 2006, the price of rare earth rose sharply, and the total export volume increased compared with the same period of last year, especially the export of strategic rare earth elements such as terbium oxide, dysprosium oxide, neodymium oxide, metallic neodymium and terbium increased sharply. The largest import volume is Japanese, accounting for more than 46% of China's exports; The United States also imports a considerable proportion from China.

However, in recent years, the advantages of rare earth resources in China are also shrinking, and the continuous decline in rare earth prices is a powerful manifestation and proof. The main reasons are that blind expansion of production leads to serious loss of resources, environmental pollution reduces mining efficiency and mineral exploration reduces the proportion. In view of these problems, China has carried out relevant rectification and improved the investment environment.

Although there are various problems in rare earth industry, due to the wide application of rare earth industry, the demand for its downstream products has increased, especially the promotion of rare earth materials in high-tech fields, which has greatly promoted the increase of rare earth demand and the development of the industry in China. Generally speaking, the prospect of rare earth industry is bright, especially in China, where resources are dominant. Use and other references:/view/89624.htm.