SPECIAL NON FERROUS METALS AND RARE EARTHS

Cristina Bumbac

Conjunctura economiei mondiale / World Economic Studies, 2013

Abstract: The article presents the market’s development in 2012 and prospects for 2013. The demand for these metals is continuing to grow, due to the fact that they are used in all the industries, from automobiles to mobile phones and, especially, in modern and high technologies. The current global demand is of 136.000 tonnes, from which China produces 133.000 tonnes. The markets are usually dominated by a few suppliers and firstly by China, which accounts over 97% from the global production. In 2012, China’s State Reserves Bureau decided, in August, to increase its strategic reserves, buying 80 tonnes of indium and 20 tonnes of germanium, taking advantage of the relatively low prices for these two metals. In China there are two stocks for rare (strategic) non ferrous metals, at Wuxi and Yunnan.

Keywords: special non ferrous metals and rare earths; world market; production; consumption; trade; prices (search for similar items in EconPapers)
Date: 2013
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