China to strengthen supervision of rare earth pollution stimulate the development of overseas projects

According to reports, China 's rare earth development boom toxic time bomb planted , will make $ 12 billion outside of China 's rare earth development prospects brighter.

China is the world's largest supplier of rare earths , controlling 90 percent of the world's rare earth supply . As part of its pollution control plan , China is studying the second half of this year, the introduction of new taxes and regulations for the rare earth industry is expected that these measures will boost rare earth prices rise further.

The new measures will also accelerate shake China 's control over rare earth production . Rare earths are 17 kinds of chemically similar elements , collectively, are widely used in many areas of Apple's iPod, Toyota's hybrid vehicles , Raytheon 's Tomahawk cruise missiles .

Beijing Antaike Information Development Co., Ltd. Chen Huan rare earth industry analysts said prices could stimulate the development of rare earths projects overseas . Chen Huan expected , affected by the new regulations, rare earth prices are likely to rise more than 20 %.

Before considering launching China 's rare earth industry and new tax regulations , the WTO ruled in March this year , quotas and export taxes and other restrictive measures taken by China's rare earth export violations . From 2010 , after China began to reduce exports of rare earths , the world's rare earth stocks have basically exhausted.


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