Development of Sino-US Status of Rare Earth Day

The United States has 19 percent of the world's rare earth resources exploitation ranked third but not a lot to buy cheap Chinese rare earth reserves of rare earth resources available in Japan for 20 years.China has the world's largest rare earth resources, but Luancai sale. Back in 1983, Japan has issued a rare mineral strategic reserve system, and perform so far. Reserves object nickel, chromium, tungsten, cobalt, molybdenum, vanadium, manganese and other seven kinds of precious metals, its dependence on imports for more than 90%. When increasingly recognize the value of precious metals, platinum in Japan again, indium and rare earth resources into reserves of three objects, which are Japan's top three automotive, electronics and information industry urgently needed supplies. Thus, on the one hand, Japan reserves, while trying to import these resources from the world, especially China. Although expensive for the "rare earth kingdom," but China's rare earth resources in the world but then almost no pricing power and the right to speak, rare earth 20 years is the same as turnip cabbage sale out if the past is a lot to stay in the export of rare earth with the general equal treatment of mineral resources in cognition, that in recent years, leading to the source of the rare encounter sale is outdated and weak regulatory thinking.

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