2011 China's rare earth reserves of 3,600 tons accounted for 36% of global production was 120,000 tons accounted for 97% of global production in recent years, China's output has accounted for more than 95% of the world supply to the United States, Japan and other developed countries, however the fact that not only on the world's rare earth resources concentrated in China, Australia, Russia, the United States, Brazil, Canada and India, has abundant reserves, but due to high pollution and resource scarcity of rare earth mining in many countries through imports to meet domestic demand for rare earths, relevant information on Show the available storage in Japan for 20 years and then with the United States such as rare earth reserves account for 2010 is 13 million tons of 13% of global production is 0, the Russian rare earth reserves to 19 million tons of 2010, 19% of global production is zero, Australia 2010 reserves of 5.4 million tons of rare earth production was 0 contrast China rare earth supply worldwide while providing management confusion Luancailuanwa did not get proper benefits.Chinese government mining production and export of rare earth implemented a strict management measures for the USA, Japan and the European Union will tell the Chinese rare earth export restrictions complaints of the WTO dispute settlement practices, the Chinese side said that China's relevant measures to fully comply with the relevant WTO rules .

Rare has the most significant features "industrial gold" saying is that we can greatly improve the quality and performance of other products, such as rare earths can greatly improve versatile steel, aluminum, magnesium alloy for the manufacture of tanks, planes, missiles, tactical performance titanium; Rare earths is also a lot of high-tech lubricants electronics, laser, nuclear industry, such as superconductivity.

United States and Europe on China's export restrictions on rare earths to the WTO proceedings, under the WTO dispute settlement mechanism, the parties shall consult within 60 days, for the elimination of differences. China supplies 90 percent of the world's rare earth market, and as the world's second largest reserves of rare earth countries, the U.S. domestic rare earth production is zero, and also a large number of rare earth mines abroad signed a long-term cooperation, and its intention is obvious. Rare case of non-renewable resources, its mining and refining processes are accompanied by a lot of environmental damage and pollution, China's rare earth export quota system is to protect its environment and the protection of rare earth resources, sustainable development and use of perspective is in line with WTO principles.

Too rare in recent years become the focus of attention reviews and reports on the status of China's rare earth industry sighed bitterly regret this even from a simple description of what you can glimpse it, China's first ultra-rare earth production in the United States in 1986, according to "China's rare earth market research report "data show that in 2009 China finishing reserves of 36 million tons of rare earth accounted for 36% of global production of 120,000 tons of rare earth reserves account for 97% of the world's rare earth production stark contrast to the United States accounted for 13 million tons of rare earth reserves of the world's rare earths 13% of the required reserves of rare earth resources and production of zero imports, mainly from China and this is in stark contrast to the rare-earth prices have not the monopoly of China as a production pricing in 2008 before the financial crisis, praseodymium, neodymium oxide fell to less than 10 yuan a ton and recent corporate offer close to one million tonne.For details of the report, the business community will be publicly available on the "China Rare Earth Market Investment and Development Forum" will be held. Severe oversupply and industry to develop a waste of resources caused by the disorder, and finally cause the relevant departments vigilance, decreased export quotas, industry access to increasingly stringent customs to crack down on smuggling, environmental inspection and other control measures were introduced, and the recent consolidation in the industry as the industry most focus.