Upgrade rare earth market worth the wait policy

Comprehensive upgrade of rare earth smuggling

August 7, the Ministry of Public Security, the Department of Homeland eight departments jointly issued a document, the decision from 2013 August 15 to November 15 in the fight against rare earth mining, production, circulation of illegal special action. According to program implementation: the special action will be divided into self-examination (August 15 to September 30), joint investigation (September 30 to October 25), the rectification (October 25 to November 15), three stages; by focusing on combating illegal rare earth mining, production, circulation and removal of waste products of rare earth recovery and utilization of corporate governance and other means to earth "chain of black interests" and were "a number of opinions" requirements, check the levels of government to implement RE management responsibilities, perform mandatory production plan, mining quota of total control, environmental verification, production safety, VAT invoices and other rules and regulations implemented. We believe that this special action is pre-Ganyue joint action against smuggling of rare earth comprehensive upgrade.

Policy Ruqierzhi

Although this action against smuggling of rare earth comprehensive upgrade fully line with our expectation, but we still believe that the special action file highlights: the first sentence of the text, "In order to implement the spirit of the recent instructions of the State Council leaders" to indicate that the new government attaches great importance to the leadership still the healthy development of rare earth industry, so although the action file on a "letter" on behalf of "text" in the form of externally imposed, but the local government still has sufficient binding; same time, "letter" in line with the current government in the form of pragmatic governing style. In addition, the Ministry is the special action of the major executive departments, and the current Minister Guo Shengkun for many years engaged in non-ferrous industry experience, we believe that this special enforcement actions and effects are worth the wait.


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