Ministry of Industry and the Ministry of Finance jointly issued a "State of Things and the rare earth industry development grant fund management approach", will provide funds to support the regulatory rare earth mining, rare earth and other high-end applications, in accordance with the above approach, through the environmental review of the rare earth mining companies approved capacity to give a one-time bonus, which mines mining 1,000 yuan / ton, smelting separation 1,500 yuan / ton, metal smelting 500 yuan / ton, which for by environmental verification, capacity larger enterprises is undoubtedly positive.

According to this approach, the state mining of rare earth resources will be regulated, rare earth mining, smelting and environmental protection technology, rare earth common key technologies and standards development, technology development and application of rare earth high-end industrial and public technical service platform to support the construction of five aspects. To get this rare special funds to support, need to have legal qualifications and the corresponding qualification certificate and comply with "rare earth industry access" requirements and environmental requirements. In August 2012, the Ministry issued a "rare earth industry access", in the establishment and distribution, energy consumption and environmental protection projects on the rare earth industry access to explicit provisions.

Reward for the rare earth industry regulations, the use of grant funds to support the rare earth industry Yijiangdaibu and free financing methods, including rare earth mining supervision of local government to give one-time award of rare earth construction, technology research and development of rare earth and critical high-end applications to take unpaid funding formula for public technical service platform project to take free financing methods.

Which have been verified by the State Environmental Protection rare earth mining, smelting enterprises, according to the Ministry of Industry and Information Technology of rare earth enterprises access bulletin business productivity to be approved one-time award, the award criteria for the mine mining 1,000 yuan / ton (by rare earth oxide REO matter basis), smelting separation 1500 yuan / ton (REO meter by rare earth oxides), metal smelting 500 yuan / ton.


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Recently, the Department of Homeland determine the total amount of rare earth mining control index year 2014 was 10.5 million tons, an increase of about 15%. Among them, the autonomous region to get the light rare earth mining index 59,500 tons, an increase of 19% compared to last year.

Autonomous provinces as light rare earth resources in recent years, based on the integration of rare earth on the upstream business, efforts to promote the transformation and upgrading of advantageous industries, changes in the extensive mode of economic development in the past to sell soil excavation, the development of rare earth functional materials and terminal applications products, and local processing of rare earth resources, transformation, and strive to enhance the value of rare earth resources. With the rapid development of our region's strategic emerging industries, the demand for rare earth functional materials increasing, the original rare earth mining index has failed to meet the demand for rare earth downstream enterprises.


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Recently, the Ministry of Finance published a website written in late May "on the issuance of" State of Things development of rare earth industry subsidies and capital management approach "notice" (hereinafter referred to as "Notice").

Notice that the grant funds from the central budget, the Ministry of Finance, the Ministry of division of labor, co-management. Among them, the rare earth industry uses Yijiangdaibu and free financing methods.

By project nature of view:

First, the whole has completed the construction of the rare earth mining regulatory system of local government to give a one-time bonus, incentive payments are generally not exceed 20% of the actual investment. Actual investment projects include the actual investment in infrastructure and regulatory equipment purchase, but does not include routine vehicle purchase costs and system operation and maintenance costs.

Second, the State Environmental Protection has passed the verification of rare earth mining, smelting enterprises, according to the Ministry of Industry and Information Technology of rare earth enterprises access bulletin business productivity to be approved one-time award, the award criteria: mining mining 1000 yuan / ton (by rare earth oxide REO matter basis), smelting separation 1500 yuan / ton (REO meter by rare earth oxides), metal smelting 500 yuan / ton.

Third, the rare-earth common key technologies and standards development and application of high-technology research and development projects, take free financing methods. Free financing limits, generally no more than 40% of the project development costs. Annual support individual projects not exceeding 10 million yuan.

Fourth, the rare high-end application technology industrialization projects, take free financing methods. Free financing amount, usually no more than 20% of the budget year on year business investment. Annual support individual projects not exceeding 50 million yuan.

Fifth, public technical service platform construction projects, take free financing methods. Free financing amount, usually no more than 40% of the budget year on year business investment.

In addition to the reporting requirements of eligibility for domestic independent enterprise, a sound financial system, nearly three years were not illegal punishment, "notice" also stipulates that enterprises should comply with the relevant application of rare earth "rare earth industry access" and national environmental legal requirements.

This reflects the Chinese government departments to deal with the conversion policy on rare earth issues, avoiding WTO litigation while continuing the implementation of the rare earth industry, environmental protection, industrial upgrading, mining restrictions and other requirements, but the way of punishing illegal enterprise, into Reward advanced enterprises and regions.

Prior to the ruling of the WTO lawsuit against rare, but was sentenced to illegal export quotas, but exacerbated by the government's determination to strictly control the mining source. Visible, subsidies for all rare earth projects are compliant companies, domestic independent enterprise, which means that a large group of rare earth industry as a whole to go in the direction of change from the "notice", but through formal concentration of mining companies will be mastered, may this is a more loosely export quota management more effective way.

Meanwhile, the "notice" for rare earth downstream also set up a special development standards, intended to expand the domestic market of rare earth products, in order to gradually reverse the current "import processing, export of raw materials" Guimai sale of rare earth trade patterns.


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Rare WTO ruling appeal lawsuit June 26 in the end. Over this time, China's rare earth export Deal or will soon be launched. While China's rare earth export policy on the WTO ruling appealed violations, but many people in the industry are expected to only accept the ruling. Chinese Society of Rare Earths experts said that thing about rare earth export restrictions to cancel no conclusion, the current tends to cancel part of the light rare earth export quotas; heavy rare part or to appropriate restrictions, tariffs can not be completely eliminated.

Since March this year, a series of favorable policies to emerge, such as rare earth strategic reserve, rare earth resource tax increase is expected to become more uncertain futures and other rare earths. In this context, a north-south two meetings, with the establishment of a North-South two early rare earth trading platform, is expected to constitute the country's rare earth industry to seek international voice sounds good.

Public information, the distribution of rare earth resources in China can be divided into north and south probably categories. North to the light rare earth-based, with heavy rare earth-based Southern. In terms of resources and industrial chain, called "rare earth" of the header, light rare earth reserves account for 87% of domestic reserves. Relying on resources, form a perfect pattern of development of rare earth industry, has from rare earth mineral processing, smelting, separation, scientific research, processing to the application of the industrial chain.

In terms of rare earth pricing control, both north and south of the market also applied a variety of methods to try. In 2009, the Baotou Rare Earth High-tech Zone Joint Baotou Steel Rare Earth and other seven companies jointly established the Baotou Rare Earth International Trade Company, Baotou rare earth mine production purchase and sale of rare earth oxides and rare earth metals to achieve.

However, the creation of the Exchange will be able to achieve the rare earth product pricing? In fact, whether they have an exchange listed commodity pricing, depending on the mechanism involved in the design and trade groups, the two should complement each other.

Industry insiders say the north-south trading patterns and information exchange standards are published and public-transparent and easier for traders or investors in the transaction true price discovery of rare earth resources. Two rare earth trading platform echoes the north and south, with the expansion of the scale of the transaction, will to some extent curb domestic rare earth market has long internal fighting vicious competition, and gradually won the right to speak.

Danger, how to maintain China's rare earth products in the international market competitiveness has become an important problem to be solved. For now, a rare earth seeking international discourse battle has begun.


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