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World REE reserves and production

Countries Reserves (thousand tons) 2002 2003 2004 2005 2006 2007
China 27 000 88 000 92 000 95 000 119 000 119 000 120 000
CIS 19 000 2000 2000 2000 2000 -- --
USA 13 000 5000 4500 -- -- -- --
Australia 5200 -- -- -- -- -- --
India 1100 2700 2700 2700 2700 2700 2700
Canada 940 -- -- -- -- -- --
South Africa 390 -- -- -- -- -- --
Brazil 110 200 -- -- -- 730 730
Malaysia thirty 450 250 250 250 200 200
Sri Lanka 12 120 120 -- -- -- --
Thailand n. d -- 2200 2200 2200 -- -- --
Dr. countries 21 000 -- -- -- -- -- --
Total 88 000 98 300 99 100 102 000 123 000 123 000 124 000

Leading manufacturers

As can be seen from the table, the largest reserves of rare earth metals are concentrated in China. China accounts for more than 90% of world production. It should be noted that the planned capacity of Chinese factories is about 180,000 tons per year. The first place in the production of rare earth metals is occupied by a plant in Baotou (Inner Mongolia). In 2006 and 2007, this plant produced 46.6 and 55 thousand tons of REE, respectively. The American MolyCorp is the leading importer of rare earth ores independent of China, and the alliance SMZ-Silmet (Estonia) is the main importer of finished products independent of China, which supplied 3.2 thousand tons of rare earth metals in 2007 (in terms of oxides).

Prospects for supplies

Changes in the world market were caused by the steps of the Chinese Government in 2006−2007. A quota for the production of rare earth raw materials in China in 2007 was adopted — 87 thousand tons, which amounted to 65% of the annual production volume of previous years, however, Chinese producers quota has been exceeded. According to OAO SMZ, in 2006, the extraction of rare earth raw materials in China amounted to 119 thousand tons (in terms of oxides). And in 2007 — 135 thousand tons (in terms of oxides), from which 125 thousand tons of the final product came out. World consumption of REE reaches 130 thousand tons per year.

Usage

The largest sector of world consumption of REE — 28.5% is occupied by catalysts for petrochemistry, the production of glass and polishing agents (24%). REE are also in demand in metallurgy, electrical engineering (production of rechargeable batteries), and in the production of special ceramics. Cerium is used in catalytic exhaust gas filters. In the production of magnets, dysprosium, neodymium, samarium are used; phosphors (yttrium, europium and terbium); capacitors — lanthanum; ceramics — yttrium, special optics — lanthanum and cerium. Cerium is also used to produce high-tech abrasives. Gadolinium, dysprosium, lanthanum are essential for coating x-ray films.

Provider

Are you interested in world REE reserves and mining? World REE reserves and their production on the website of the supplier «Auremo» are covered most fully. Supplier «Auremo» offers to buy quality products. Large selection in stock. The best price from the supplier. Buy today. For wholesale customers — the price is preferential. Buy in bulk or in installments.

Buy, favorable price

Auremo’s courier service will ensure timely delivery. Discounts await our regular customers. We have the best price-quality ratio. Supplier «Auremo» offers to buy high quality products that comply with GOST and international standards. Buy in bulk and in installments. Storage and transportation conditions also comply with GOST and international standards. Supplier «Auremo» is responsible for the quality of the goods, the best price from the supplier. The price is optimal.

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