According to Reuters, Japan imported a total of 1603.6 tons of rare earths in China in March, a 40% increase from the previous month. In January and February of this year, China imported 1,783 tons of rare earths and 1,138 tons of rare earths.
An official of the Ministry of Economy, Trade and Industry of Japan stated that during the past few months, Japan has not encountered any problems with its imports of strategic resources for high-tech electronics, magnets, and batteries from China.
He said that although the earthquake and tsunami that occurred on March 11 destroyed the supply chain of many product parts and hurt automobile manufacturing and other manufacturing industries, end-user demand for rare earths and other metals remained stable in the current market. So far no customer has requested to revise the freight import orders in the second quarter of this year. Therefore, our import quotas are still on schedule. The issue of earthquakes and production disruption does not appear to have caused too much impact on the demand for metal raw materials, which may be due to consumers' long-term concerns about the tight supply of metal materials.
However, the official expressed concern about the prospect of rare earth imports, he said, taking into account the stability of rare earth prices in the coming months and the impact of the earthquake on the Japanese economy.
Rare earth imports in Japan in March are still far below the 4,080 tons in December last year. Last year, China suspended shipments of rare earths in October and November at the end of September.
China’s rare earths account for 97% of the world’s total supply of rare earths. Due to environmental and strategic resource security needs, China is tightening overseas exports of related strategic resources.
The report said that the Ministry of Land and Resources of China stated that the production of rare earth oxides in 2011 will be controlled at about 93,800 tons, a year-on-year increase of 5%. And before June 30, 2012, the Ministry of Land and Resources of China no longer issued any licenses for rare earth exploration and production.
From the proportion of Japan’s rare earth imports in March, China ranks first, accounting for 69% of Japan’s total imports, and Vietnam ranks second, accounting for 9%. In 2010, China’s rare earths accounted for 82% of Japan’s total imports.
An official of the Ministry of Economy, Trade and Industry of Japan stated that during the past few months, Japan has not encountered any problems with its imports of strategic resources for high-tech electronics, magnets, and batteries from China.
He said that although the earthquake and tsunami that occurred on March 11 destroyed the supply chain of many product parts and hurt automobile manufacturing and other manufacturing industries, end-user demand for rare earths and other metals remained stable in the current market. So far no customer has requested to revise the freight import orders in the second quarter of this year. Therefore, our import quotas are still on schedule. The issue of earthquakes and production disruption does not appear to have caused too much impact on the demand for metal raw materials, which may be due to consumers' long-term concerns about the tight supply of metal materials.
However, the official expressed concern about the prospect of rare earth imports, he said, taking into account the stability of rare earth prices in the coming months and the impact of the earthquake on the Japanese economy.
Rare earth imports in Japan in March are still far below the 4,080 tons in December last year. Last year, China suspended shipments of rare earths in October and November at the end of September.
China’s rare earths account for 97% of the world’s total supply of rare earths. Due to environmental and strategic resource security needs, China is tightening overseas exports of related strategic resources.
The report said that the Ministry of Land and Resources of China stated that the production of rare earth oxides in 2011 will be controlled at about 93,800 tons, a year-on-year increase of 5%. And before June 30, 2012, the Ministry of Land and Resources of China no longer issued any licenses for rare earth exploration and production.
From the proportion of Japan’s rare earth imports in March, China ranks first, accounting for 69% of Japan’s total imports, and Vietnam ranks second, accounting for 9%. In 2010, China’s rare earths accounted for 82% of Japan’s total imports.
Rubber Magnet,Square Rubber Magnet,Rubber Magnet With Adhesive
Magtoon Magnetic Products Co., Ltd. , http://www.dg-magnets.com