DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/rm3sk2/china_rare_earth) has announced the addition of the "China Rare Earth Industry Report, 2013-2016" report to their offering.
Rare earth resources have been discovered in about 35 countries and regions around the world, with total reserves of 140 million tons, of which 39.3% are owned by China.
As China is rich in rare earth resources and has made strenuous efforts in mining, over 90% of global rare earth output comes from China. However, affected by the government's control on exploration of rare earths, the output of rare earth in China has been continuing to decline in recent years, to 83,400 tons in 2013, down 16.6% from a year ago.
China is not only a large producer of rare earth but a big consumer, with consumption in 2013 approximating 79,000 tons. Among all application fields, magnetic materials made the largest contribution, accounting for 45% or so.
Besides satisfying domestic demand, China's rare earth and its products are also exported to the United States, Japan, South Korea and Hong Kong, with export volume of rare earth products reaching about 22,500 tons in 2013, surging by 38% from the previous year. However, hit by sluggish domestic and foreign demands, the price for rare earth has been falling, resulting in a year-on-year decline of 37% in export value of Chinese rare earth products in 2013.
Key Topics Covered:
1. Overview of Rare Earth Industry
2. Development of Global Rare Earth Industry
3. Environment for China's Rare Earth Industry Development
4. Status Quo of China's Rare Earth Industry Development
5. Supply and Demand in China's Rare Earth Industry Market
6. Application of Rare Earth Metals
7. Major Rare Earth Enterprises in China
8. Major Rare Earth New Material Enterprises in China
For more information visit http://www.researchandmarkets.com/research/rm3sk2/china_rare_earth
Source: Research and Markets