Black Rare Earth Production Problem Has Recently Eased

Black rare earth industry chain has been a problem in the rare earth industry, Zhang Rihui, deputy general manager of Baotou Rare Earth Company (600111. SH), stated that black rare earth production problem has recently eased on Friday.

Zhang Rihui said that since the second half of this year, the Ministry of Industry and Information Technology has repeatedly emphasize the crackdown on illegal black rare earth behind production chain, and carry out the activity of checking out black rare earth in the whole society, and Industrial and Commercial Administrative Department must strengthen rare earth invoice. Besides, to speed up the construction of the fence in rare earth mine, and cooperate with the justice department to crack down on illegal mining and processing behavior, etc., and launch parties unified action.

Controlling black rare earth has gradually expanded in more and more regions, at present, Guangdong, Hunan and Jiangxi provinces have investigated and punished more illegal rare earth case, the Ministry of Industry and Information Technology and other ministries have alleged illegal rare earth more than 4400 tons, the amount of 730 million yuan in Hunan. 

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