Hongpo Shen

About Hongpo Shen

Hongpo Shen is a Chinese freelance writer, professional blogger focusing on China's rare earth market, and previously held 15 years of experience in the local government of Shanghai, China. whose degrees include International Economics & Trade and Political Science. He has been an editor for InvestorIntel since May 2012.

China’s rare earth exports below quota in first half of year

2014-7-30-Hongpo-2 China exported 14,061 tons of rare-earth ore, metals and compounds in the first six months of 2014, the exports volume rose 49.47% year-on-year, but which still below the first batch of rare earth export quota of 15,500 tons, according to official data. During the first half of this year, the total value of China's exports of the rare earths declined 4.5% to US$203.7 million compared to the same period in 2013, according to data released by the China Customs Statistics Information Center. In the first six months in 2014, Japan imported 5,579 tons of rare earth from China, surged 91.42%…

China’s graphite exports continue to rise

China is the largest graphite producer and exporter in the world, but Chinese officials have not established a quota system to control graphite mining and exports over the past decades. However, the rapid depletion of resources and the environmental pollution have created problems and Chinese people have started to consider the cost of economic growth against the environmental problems it causes. This concern has also reached the graphite industry and there are calls to issue tighter export regulations for graphite. "If China's graphite industry is not reformed, the country will deplete its graphite resources within 20 years" due to rising…

Japan and the U.S. remain China’s main rare earth importers

hong po stats Driven by the growing demand in high tech applications and lower rare earth prices, China’s rare earth shipments have steadily grown since the start of 2014. China exported a total of 12,505 tons of rare earth ore, metals and compounds in the first five months this year, representing a 60.4% increase from the 7,796 shipped in the same period of 2013 according to statistics released on June 23th by China Customs Statistics Information Center. The data accounts for approximately 80.7% of the country’s export quotas, therefore, it is expected that the actual export volume will be within the range of…

A Potential for China to Increase Imports of Rare Earth

Table After the United States, Europe, and Japan successfully challenged China's export restrictions on rare earths earlier this year the Chinese government is formulating contingency plans to accommodate a possible end to the current tariffs and quotas in the next year. It is expected that new measures will further tighten control over the country’s rare earths upstream sector. In order to conserve resources and protect the environment China has adopted a series of policies and measures to bring the rare earths minerals under state control in the past few years but the industry is beset by a slew of problems, such…

China Increases 2014 Light Rare Earth Mining Quotas

China’s Ministry of Land and Resources (MLR) has set its total mining output quotas of rare earth at 105,000 tons this year - up nearly 12% from 2013. “The mining quotas for rock-type light rare earths increased by 11,200 tons (REO) or approximately 15% higher than the previous year”, the MLR said on June 6th. In 2013, the MLR set an exploitation quota for rare-earth concentrate at 93,800 tons (REO), of which 75,900 tons consisted of rock-type light rare earths and the remaining 17,900 tons was of the ion-absorption-type medium and heavy rare earths. “The ministry will keep exercising total…

China increases efforts to promote graphene

"I never expected such a quick development of graphene’s commercialization, and I chose to further develop graphene research in Xiamen as I saw the advantages that Fujian Power Booster Tech has gained. The Xiamen research institute, I believe, will take the lead in developing graphene.” said the Nobel laureate Konstantin Novoselov upon joining the Xiamen Graphene Institute. The Institute has been jointly established by Xiamen University, BGT Materials Limited and Fujian Power Booster Tech Co., which will specialize in developing graphene for batteries, touch screens, cancer treatments, LED lamps and sea water desalination technology according to a statement from the…

China to add rare earths to the Shanghai Futures Exchange

Shanghai “The Shanghai Futures Exchange (SHFE) will begin crude futures trading as soon as possible within the year and seeks to open the domestic market to overseas participants. The exchange also will introduce new futures products including tin, nickel, alumina, stainless steel, cement, electricity, paper pulp and rare earth in the next stage of work.” Yang Maijun, president of the SHFE, said on May 28th at the 11th Shanghai Derivatives Market Forum. As the Chinese biggest commodities market, the SHFE is trying to internationalize prices of domestic futures. "While the import and export of commodities in China has been fully internationalized,…

China considers raising taxes on rare earth resources again

”The Ministry of Industry and Information Technology, State Administration of Taxation and the Ministry of Finance are mulling to adjust the tax on rare earth resources again. The heavier taxes on rare earth producers and a formal document on the new tax rates will probably be released in the second half of this year”, the Economic Information Daily under Xinhua News Agency reported on May 20th, citing an authority. “The level of adjustment of the rare earth resources tax, which was likely to be further raised largely on the base of the currently standard. Meanwhile, taxes would be imposed based…

China to stabilize economic growth as property bubble is bursting

Bubble-China The property market has been China’s primary economic pillar in recent years. Property investment alone accounts for around 13% of GDP. Now, however, China's property bubble is stretching too far and risks bursting as construction starts and property sales have fallen sharply in the first four months of 2014. Property sales dropped 6.9 percent year on year in the first four months, which is 3.1 percentage points steeper than the decline seen in the first quarter, according to official data released on Tuesday by the National Bureau of Statistics (NBS). However, the property sector is an engine of demand for…

China’s NdFeB Industry is Booming

Table The recent new measure in China’s rare earth sector is that the MIIT has ordered it to eliminate 102,400 tons (REO) of backward rare earth production capacity in 2014. The new amended law “Environmental Protection Law of the PRC” was passed on April 24, 2014 and will go into effect beginning on January 1th, 2015. As the supporting measures for the rare earth industry, a document titled “Guideline on Available Technologies of Pollution Prevention and Control for Rare Earth Metallurgical Industry” was released on May 6, 2014 by the Ministry of Environmental Protection. “The eliminated enterprises will obtain financial subsidies…