Li Yizhong: China Will Continue to Firmly Integrate the Rare Earth Industry

China is rich in rare earth resources, which account for 23% of the world and supply with more than 90% to it. China has made a great contribution in this regard. However, it brings a series of problems at the same time, such as ruining the resources and polluting the environment, which is not consistent with the scientific concept of development and also, not sustainable.

Li Yizhong, the member of the CPPCC and also the former Minister of Industry and infomationization Department, believed that China is undoubtedly responsible for rectifing the rare earth industry, the abuse and indiscriminate digging of the resources, as well as rectifing the various contradictions in the refinement and usage of rare earth resources. China will continue to firmly integrate the rare earth industry and combine those enterprises of over-abundance, scatter, tiny and indiscrimination into the backbone of the rare earth industry by elimination of outdated, reorganization and merger, which is in line with the practice of the economic laws.


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