The Journal of Physical Chemistry C
DOI: 10.1021/jp206053f
It is unknown when production will resume, as they have to wait for directives from the provincial government, Li said. The notice also told the counties to set production quotas to rare earth mines to prevent over-exploitation. …To control environmental damage and protect resources, China has announced various policies, such as suspending the issuance of new licenses for rare earth prospecting and mining, imposing production caps and export quotas, and implementing tougher environmental standards.
Mitsubishi Electric Corp. and some other major Japanese producers of electrical machinery have started raising air conditioner prices because of surging prices for dysprosium.
“There are efforts to kick off (dysprosium) production in Russia and Vietnam, but it will likely take at least five years,” said Nobuhiko Kawamura, general manager of Showa Denko KK’s rare-earths division. The firm, which produces dysprosium-based alloys in Jiangxi Province and elsewhere, sees potential for global dysprosium supply shortages in two to three years should China continue with its strict regulation of rare-earth production.
Even so, magnet manufacturers and other firms with dysprosium dealings mostly reacted to Monday’s news with calm. “Because we thought it might happen, the news comes as no surprise to us,” said a official at Hitachi Metals Ltd., the leading maker of rare-earth magnets.
But a major trading house is alarmed because it will not likely be able to find alternative sources of dysprosium and other rare-earth metals quickly.