Ministry will establish rare metal such as tungsten and rare earth reserve system

Ministry of Industry and Information Technology Industry Secretary Chen Yanhai recently in the country's industrial raw materials and information work conference that the Ministry will cooperate with relevant departments to increase conservation efforts to establish rare metal reserve system .

China 's tungsten, indium and other rare metals and rare earth reserves in the world , accounted for more than 80 % of the world . Molybdenum , germanium and other rare metals reserves and production in the world and also in the forefront . However , vicious competition and price wars so that China 's rare serious waste of resources .

In this regard, Chen Yanhai said, to promote the precious metals industry consolidation , the formation of large enterprise groups as the leading industry pattern. Relevant research organizations and associations " rare management approach" ( draft ) , improve the management of long-term mechanism of rare metals .

Meanwhile , the Ministry will also cooperate with relevant departments to increase resource conservation efforts to establish rare metal reserve system . To strengthen the management of the country 's rare guidance and supervision, guidance around the need to create a rare and below the provincial level coordination mechanism based on the work .


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