The Guangdong Non-Ferrous Metals Industry Association said on July 3 that the output value of the rare earth industrial chain in Guangdong Province has now exceeded RMB 1 trillion, and the rare earth industry is becoming a new growth point for the Guangdong economy. At present, Guangdong Province is advancing the integration of rare earth industries and it is expected that by the end of 2015, the integration of rare earth industrial chains in the province will be completed.
Jin Zhongyu, vice president of the Guangdong Non-ferrous Metals Industry Association, said that the Guangdong Non-ferrous Metals Industry Association began research on the rare earth industry in Guangdong in 2008, and formulated the “Rare Earth Industry Development Plan of Guangdong Province (2008-2020)â€. The "plan" proposes that the output value of rare earth industrial chain in Guangdong Province will exceed 1 trillion yuan by 2020. “This figure has already been reached, and this number may double by 2020. The rare earth industry is becoming a new growth point for the Guangdong economy.â€
According to industry sources, Guangdong has a large amount of rare earth resources, and its rare earth application industry is advanced. The major rare earth functional materials application industry ranks first in the country, but there are weaknesses in the rare earth mining, smelting and separation, and deep processing.
Jin Zhongyu pointed out that the development of rare earths in some parts of Guangdong Province has the phenomenon of disorderly production and chaos. At the same time, Guangdong Province's mining indicators and smelting and separation indicators do not match, and the smelting and separation index is close to 10,000 tons. However, Guangdong has only 4 legal mining permits, and the mining index is only about 700 tons this year. The smelting separation index is far greater than the mining index, which actually encourages the rare earth to chaos and chaos. "The smelting and separation enterprises do not have enough resources, only to buy those resources that are dug out of the chaos." In addition, due to the high price of electricity, it is impossible to carry out high-energy fire smelting, and Guangdong does not produce rare earth metals, so NdFeB and other rare earths never Rare earth deep processing products represented by magnetic products have gaps in Guangdong.
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