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Rare earth industry is in another period of downturn in recent one year,which iS briefly reflected in weak demand,increasing inventories,suspended or reduced production by smelting and separation plants,production of functional material plants headed by rare earth permanent magnets under capacity,low price of rare earth minerals and rare earth raw materials,and difficult operation or operation at a loss in some plants.The harsh situation is mainly led by following reasons.Firstly, international economy remains weak and the growth rate of GDP in China slows down.Secondly,rare earth industry as a small business has been in the situation of oversupply and overproduction for years. Slight decrease in demand will have an instant impact on holistic rare earth industry.Thirdly,the negative impact of skyrocketing price rise in 2011
Rare earth industry is in another period of downturn in recent one year, which iS briefly reflected in weak demand, increasing inventories, suspended or reduced production by smelting and separation plants, production of functional material plants headed by rare earth permanent magnets under capacity, low price of rare earth minerals and rare earth raw materials, and difficult operation or operation at a loss in some plants. harsh situation is mainly led by following reasons. Firstly, international economy remains weak and the growth rate of GDP in China slows down. Secondly, rare earth industry as a small business has been in the situation of oversupply and overproduction for years. Slight decrease in demand will have an instant impact on holistic rare earth industry. Thirdly, the negative impact of skyrocketing price rise in 2011