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 six giants to further control domestic rare earths production quotas

The First Batch of Total Amount Control Planning For Rare Earth Production 2015 China's six rare earths giants will further to control domestic rare earths production quotas as the Chinese government has allotted 94.69% (or 49,712 tons) of mining quota and 93.29% (or 46,690 tons) of smelting and separation products quota to them, respectively. On April 10, China's Ministry of Industry and Information Technology (MIIT) released the circular on “the first batch of total amount control planning for rare earth production 2015”, which sets a total of 52,500 tons of rare earth oxides (REO) to miners and 50,050 tons of REO to smelters in the first six months of the year. The MIIT…

A Turning of Japan’s Heavy Dependence on Chinese Rare Earths

Japan's Rare Earths Import Statistics in 2014 It ought to be obvious to all that Japan has been highly dependent on rare earth imports from China over the past few years. However, change is now happening quietly as this started when the Japanese began to buy more rare earths from Malaysia in 2014. Figures from an annual trade statistics 2014 published by Japan's Ministry of Finance shows that the country’s imports amount of rare earths from Malaysia skyrocketed 13,433.33% to 1,218 tons, compared to a year earlier. With an increase of 51.82% from a year ago, Japan totally imported 22,307 tons of rare earths last year, remaining…

Chinese rare earths exports dramatically decrease while global demand for rare earth products increase

Chinese Rare Earth Oxides Exports in 2014 Table On March 23th, Chinese customs authorities released data for February, showing that the country’s rare earths exports decreased 15.78% from a year ago to 1,363 tons of rare earth to the U.S. and fell 27.69% to 1,130 tons of rare earth to Japan in the first two months of the year, respectively. From January to February this year, China’s rare earth exports totaled 3,509 tons, a drop of 22.1% when compared to the same period of 2014. Of which Japan's imports of rare earth from China accounting for about 32.2 % and the U.S. accounting for about 38.84 %. China's…

China Sets First 2015 Rare Earth Production Quota

China's Ministry of Industry and Information Technology (MIIT) has announced the first batch of rare earth production quotas for this year which includes 52,500 tons (REO) of rare earth mining quotas and 50,050 tons (REO) of rare earth smelting and separating production quotas, the figure is about half of the last year’s total quota. China set its total production quotas of rare earths at 105,000 tons (included 87,100 tons of the rock-type light rare earths and 17,900 tons of the ion-absorption-type medium and heavy rare earths) last year. The country's first batch of rare earth mining quotas was 46,900 tons,…

Rare earth prices in China expected to see another “sharp jump” before May

REE-Handbook-Terbium-Tb-InvestorIntel The Chinese economy showed a markedly steep deceleration in the first two months of the year dues to a serious slump in the real estate market. While the slowdown is widely expected to continue well into 2015, forecasters anticipate that rare earth prices will remain strong in China -- even as a soaring U.S. dollar weighs heavily on commodity prices. After the end of Chinese Lunar New Year holiday, ACREI's (the Association of China Rare Earth Industry) spot rare earth price index rose from 145.7 (February 25th) to 150.9 (March 13th) for an increase of +3.57% over the past two weeks. Even Gadolinium and…

China’s new rare earth policies are all about control of pricing, supply and competitive R&D

Rare-Earth-Reserve-300x238 China’s Ministry of Industry and Information Technology (MIIT) released earlier this week a statement titled “Outline Plan of Work 2015 For the Transformational Development of Raw Materials Industry”. in it, they make a pledge to adopt a series of new policies and measures to further strengthen its control over the country’s rare earths sector in 2015. Beijing is still tightening its stranglehold on the mining of rare earth metals essential for the manufacture of high-tech products from smart phones to wind turbines and military missiles. Within the outlined plan, MIIT for the first time since the WTO ruling reveals how China's new rare earth…

China increasing pressure on illegal rare earth activities

The price of dysprosium and terbium stayed strong post-Chinese Lunar New Year holiday, thanks to the aggressive export licensing policy being deployed by the authorities. Dysprosium and terbium oxide prices have once again increased by +4.34% and +2.59% at market close on February 26th compared to the last update I did on the 13th, according to figures from the Association of China Rare Earth Industry (ACREI). This week, eight authoritative bodies in China, including the Ministry of Industry and Information Technology (MIIT), the Ministry of Public Security, and the General Administration of Customs of China (GACC) issued a joint statement forcing local governments to immediately investigate any illegal…

China’s control of terbium and dysprosium to drive rare earth prices north in 2015

China’s upcoming end of rare earth tariffs is stirring the market as all eyes are on whether the policymakers will introduce new legislation to push up rare earth prices before the end of April. "If" this take place, we should anticipate a sharp rise in rare earth resource taxes, which will undoubtedly impact the price of rare earth exports -- driving prices north. As a result of this, the price of terbium and dysprosium have already seen a dramatic rise already with an increase of 47.73% and 21.52% respectively just since November. Tracy has asked me to provide you with my opinion on whether the prices will continue…

Chinese tighten supply of rare earths as Terbium and Dysprosium prices soar

2015-2-16-REES China’s rare earth elements prices trending northward is affecting most of the market participants in the country. Today’s rare earth price index, compiled by the Association of China Rare Earth Industry (ACREI), has been reported at 144 points, an increase of +8.43% over the record low of 132.8 points in 2014 (Source: ACREI’s spot price index). Rare earth prices are on an uptrend in 2015 as market participants hold a widely held upbeat outlook for China's rare earth industry. In addition to the positive outlook, the market is looking forward to enjoying a "policy dividend" as a national strategic industry…

China’s rare earth exports tumble in January

Rare earth exports in China unexpectedly decreased sharply by 49% year-over-year to 1,457 tons in January of 2015. While the value of total exports declined to RMB124.82 million, represents a drop of 49.5% compared to the same period of 2014, General Administration of Customs (GAC) said on February 8th. Customs data showed that China exported 2,858 tons of rare earths, valued at RMB247.28 million in the year earlier period. Under the pressure from the WTO ruling, China has scrapped its quota system on the exports of rare earths, tungsten and molybdenum since the New Year. Simultaneously, the government has begun to implement…