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Official hints at new measures to bolster sector
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China’s rare earth industry has made progress since the State Council implemented a series of new policies, and more measures will be taken to ensure the industry’s healthy development, a government official said yesterday.
Through joint efforts from several government departments, the rare earth industry has created a standardized management system, Chen Yanhai, director of the Raw Materials Department under the Ministry of Industry and Information Technology, told the 5th China Baotou Rare Earth Industry Forum.
The forum kicked off yesterday in Baotou, north China’s Inner Mongolia Autonomous Region, which accounts for more than half of the world’s light rare-earth metal output.
“Although some progress has been achieved, there are still some deep-seated problems that have yet to be resolved. The situation of illegal exploitation and mining remains serious,” Chen said.
MIIT statistics show that illegal mining of rare earth metals amounted to more than 40,000 tons in 2012, and illegal smelting separation of rare earth products totaled 50,000 tons.
Meanwhile, overcapacity, a low proportion of high-end products, smuggling and pollution still hamper the development of the industry, he said.
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