China’s Rare Earths Supply Forecast in 2025: A Dynamic Computable General Equilibrium Analysis

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ID: 96819
2016
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Abstract
The supply of rare earths in China has been the focus of significant attention in recent years. Due to changes in regulatory policies and the development of strategic emerging industries, it is critical to investigate the scenario of rare earth supplies in 2025. To address this question, this paper constructed a dynamic computable equilibrium (DCGE) model to forecast the production, domestic supply, and export of China’s rare earths in 2025. Based on our analysis, production will increase by 10.8%–12.6% and achieve 116,335–118,260 tons of rare-earth oxide (REO) in 2025, based on recent extraction control during 2011–2016. Moreover, domestic supply and export will be 75,081–76,800 tons REO and 38,797–39,400 tons REO, respectively. The technological improvements on substitution and recycling will significantly decrease the supply and mining activities of rare earths. From a policy perspective, we found that the elimination of export regulations, including export quotas and export taxes, does have a negative impact on China’s future domestic supply of rare earths. The policy conflicts between the increase in investment in strategic emerging industries, and the increase in resource and environmental taxes on rare earths will also affect China’s rare earths supply in the future.
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ge2016chinasminerals Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Ge, Jianping;Lei, Yalin;Zhao, Lianrong;
Journal minerals
Year 2016
DOI
DOI not found
URL
http://www.mdpi.com/2075-163X/6/3/95
Keywords
Medicine Mineralogy regional economics. space in economics

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