Rare earth production reduced to 60% rare earth polishing powder price future bullish

It is reported that Wang Caifeng, the person in charge of the preparatory group of China Rare Earth Industry Association and the deputy inspector of the Materials Department of the former Ministry of Industry and Information Technology, said that the proportion of China's rare earth production in the world will fall from the current 95% to 60% in the next two years. According to Reuters, Wang Caifeng said that the global share of China's rare earth production will fall sharply in the next two years, reversing the global dependence on China's rare earth supply. She is currently responsible for the establishment of the rare earth industry association, helping to set the price of rare earths and supervising the integration of the industry. “The association has completed preparations and is preparing for the approval of the Ministry of Industry and Information Technology. It is hoped that it will be established within one or two months.” In the past 20 years, 90% of the world The above rare earth resources come from China, but China does not have much initiative in the pricing of rare earths, and a large number of rare earth mines have also brought serious environmental problems. The new round of rare earth integration began in 2009, and China has once again tightened the export quota for rare earths. In the following two years, Premier Wen Jiabao of the State Council repeatedly mentioned the rectification work of rare earths at the government work conference. Among them, the State Council's "Several Opinions on Promoting the Sustainable and Healthy Development of the Rare Earth Industry" was formed on the basis of the previous experience of rare earth integration. Systematicization of China's rare earth integration ideas, a total of 22 opinions, known as the new "National 22 Articles" . The new “National 22 Articles” of rare earths provide guidance on rare earth mining, processing and smelting, export quotas, resource taxes, environmental protection, and industry access principles, and clearly promote the integration of rare earths to the height of national strategy. In the year, the rare earth industry will be reorganized into a “continuous and healthy development industry”. The effects expected from the new measures include: reduction in total mining volume, increase in industry concentration, easing of smuggling, and improvement of environmental protection thresholds.

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