SHANGHAI, Jul 29 (SMM) - Shenghe Resources has been investigated by many institutions recently. Shenghe Resources stated that it is now based in China and expanding overseas. Shenghe Resources’ successful investment in the Mountain Pass Mine has won a good reputation for the company.
The company's smelting and separation capacities are mainly distributed in Sichuan and Jiangxi. Sichuan plants mainly process light rare earth ores, most of which come from Shenghe’s trusted mines and US mines. Jiangxi plants mainly process ion ore and recycle wastes. The total annual output of praseodymium-neodymium oxide is about 5,000 mt.
Shenghe Resources pointed out that with the increase in the overseas supply of rare earth ore in recent years, a diversified rare earth supply pattern has been formed in the world.
At the same time, the demand for rare earth has grown significantly in new energy vehicles, wind power, energy-saving air conditioners, smart robots and other sectors. The rare earth demand has turned from occasional to rigid, which has brought great benefits to the development of the industry, and stable demand has provided a strong support for the prices of rare earth products.
In addition, Shenghe Resources believes that the “Regulations on the Administration of Rare Earths” raises the management rules of the rare earth industry to the administrative level, which is conducive to standardise the industry regulation, protect the rare earth resources, and promote the sustainable development of the industry.
Shenghe Resources also stated that high-performance NdFeB permanent magnets have the characteristics of high magnetism, energy saving, and non-attenuation. The rare earth permanent magnet motors made of NdFeB are widely used in new energy vehicles, wind power, energy-saving air-conditioning, intelligent manufacturing and other fields.
Praseodymium, neodymium, dysprosium, and terbium are the main raw materials for NdFeB. Rare earths are no longer “MSG”, but necessities in many industries, which has endowed rare earth products higher value.
