The company announced that the company's forest underground mining rare earth ore theft phenomenon does exist, company secretaries confirmed illegal mining phenomenon has emerged at the same time a year ago, the then capital loss secretaries also said smaller so no announcement on the matter.

Chinese Rare Earth Products Exchange inaugurated yesterday in Baotou, Inner Mongolia, the Fourth China Baotou Rare Earth Industry Forum held simultaneously.China Rare Earth Industry Association, the official said during the forum, the Association is studying the establishment of rare earth price formation mechanism, enterprises in this pricing can be referenced and, if necessary, the government will accordingly such as purchasing and storage policy adjustments . The official said that if the only reference to the existing rare earth production cost pricing, obviously unfair. China's rare earth production process has been a long process to explore these mature technology now widely used overseas rare earth projects, but China has paid a huge environmental cost. Therefore, in determining a reasonable market price of rare earth, it must be fully taken into account.

Document proposed rare earth industry policy would be China's rare earth industry, including more stringent requirements of rare earth production management of enterprises to improve the comprehensive utilization of resources, enhance environmental emissions standards, the control and the use of more advanced scale mines and more environmentally friendly mining technology, the file rare earth production enterprises will encourage the development of a large group.

This is just the problem of environmental pollution caused by rare earths of the "tip of the iceberg," Su Bo told reporters that the current private mining of rare earth digging, wasting resources, the situation is still rampant smuggling: tons of rare earth mining SOEs recovery of only 60%, a large the recovery rate of only 40% of private enterprises, a number of private mining digging mines or even only 5% of rare earth resources is a lot of waste and thus lead to huge environmental problems.