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Rare earth material status in China.
[ 2005-06-29 ]
 
 

China is rich in rare earth material; the industry storage is of 70% world total storage. It has special advantage to develop rare earth function material. For example, the rare earth permanent magnet worldwide increase rate is 23% while China is 60%. It reports the total production of neodymium magnets material is 20,000 ton, in which China is 9500 ton, about 50% of the world production. It is estimated that in 2010 the total production of neodymium magnets material will be 140 000 ton, the value would be 8 billion US dollar, while the related component value would reach 10-15 billion US dollar.

 
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