The hottest rare earth industry faces transformati

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The rare earth industry is facing transformation opportunities, and the future opportunities are greater than challenges

rare earth is known as the treasure house of new materials in the 21st century, and its application fields are very broad. It is a key element to transform and upgrade traditional industries and cultivate and develop strategic emerging industries. It has also become an important guarantee material for the development of the world's chemical industry and the exhibition of cutting-edge national defense technologies. After decades of development, China's rare earth industry has achieved remarkable development. Industrial transformation and upgrading have achieved remarkable results, and the situation of "digging and selling soil" is changing. What opportunities and challenges will the industry face during the 13th Five Year Plan period

in the early 1990s, China became the world's largest rare earth producer and exporter, responsible for more than 90% of the world's rare earth supply. At present, China has become the world's largest producer and application country of rare earth functional materials

data show that by the end of the 12th Five Year Plan, China's rare earth magnetic, luminescent and hydrogen storage materials accounted for more than 70% of the world's total output, and domestic petroleum cracking catalysts accounted for more than 90%. Despite great achievements, China's rare earth industry as a whole is at the middle and low end of the world's rare earth industry chain. There is still a large gap between high-end materials and devices and advanced countries, and there is a lack of independent intellectual property technology

as of 2016, the global rare earth mineral reserves were about 120 million tons, mainly distributed in China, Brazil, Russia, India, Australia and other countries. Among them, after the completion of the rare earth ore reserve experiment in China, the amount is 44million tons, accounting for 36.67% of the world's reserves. In the second half of the year, the domestic rare earth supply will be insufficient in terms of policy, which will be difficult to meet the demand of the rare earth permanent magnet industry. It is expected that the number of imported mineral products may increase significantly. The total index of rare earth ore is 105000 tons, and the supply of neodymium and praseodymium corresponding to the neodymium iron boron industry should reach at least 180000 tons

although China has made great achievements in the rare earth industry, there are some problems in the rare earth industry, such as the lack of core patents, the weak ability of continuous innovation, and the lack of downstream high-end products. The industry as a whole is still at the middle and low end of the global rare earth industry chain

the development plan of rare earth industry (year) points out that the "13th five year plan" is a critical period for the transformation and upgrading of the rare earth industry and the improvement of development quality and efficiency. On the whole, the development opportunities of China's rare earth industry outweigh the challenges

do not exceed the allowable working pressure; At the same time, the 2015 "made in China 2025" strategic plan was released, injecting new momentum into the development of the rare earth industry. All major industries are highly related to the rare earth industry, which puts forward higher requirements for the guarantee ability and quality performance of rare earth materials, which will drive the rapid development of the rare earth industry

The next few years are the critical period for China to implement the innovation driven development strategy and the decisive stage for building an innovative country. Rare earth materials are facing this excellent development opportunity. At the same time, many emerging industries also pose new challenges to the innovative development of rare earth materials and technology. Overall, the opportunities of China's rare earth industry in the future outweigh the challenges, and the industry has a very broad prospect

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