Rare fundamental policy shift did not occur to accelerate the reform of the industry is imminent

Recently, the Department of Homeland issued a document that will continue to implement the total rare earth ore control index management, which means that China's rare earth policy is not a fundamental shift. In the double impact of trade policy remains the same, the pressure of international trade, the rare earth industry to speed up the reform is imminent.

As one of the raw material indispensable high-tech industries, rare earth in the petrochemical, metallurgy, ceramics, magnetic materials are widely used in many fields, has become an important strategic resource. Currently, China is the world's largest rare earth producer, is also the largest exporter of rare earths. However, due to indiscriminate digging of private serious domestic rare earth reserves are rapidly declining. Related statistics show that China's rare earth reserves account for only one-third of the world's proven reserves, have to bear 90% of the export market. In contrast, other countries for environmental protection, resource reserves, and other considerations, have to protect its rare earth resources, replaced by cheap imports of rare earth products from the country.

Despite being the largest exporting country, but our country has not mastered the rare earth pricing. Coupled with the rare non-renewable resources, exploitation of serious environmental damage, from the perspective of environmental protection and sustainable development of resources, China began to manage rare earth export quota system, and gradually compress the list of enterprises export quotas, increased export tariffs, and control of domestic rare earth mining . However, China's rare earth export policy adjustment, has been under pressure from the international community.

No matter the final outcome, it is certain that based on environmental and other objectives, measures of internal and foreign measures should be "two-pronged", while protecting natural resources, on the other hand to strengthen and reform the management of the rare earth industry.

First, we should focus on sustainable use of resources and ecological environment, to control the size of the domestic rare earth mining, improve industry access threshold. It is precisely because the private sector had to dig the indiscriminate serious, caused great damage to the environment, but also affect the normal operation of the industry, and therefore need to change the extensive mining, environmental awareness inherent in thinking, regulate the industry production standards, strict enforcement of environmental governance, promote technological progress.

Consolidation in the rare earth mining industry to promote the standardization process, in the past only to mining rights for the advantage of resource-dependent companies will be affected, and technology-intensive enterprises through deep processing, research and development of high value-added products and to obtain long-term development. At the same time, accelerate the industry, eliminate backward production capacity, to carry on the rare earth environmental governance will also help eliminate substandard enterprises to achieve sustainable development of industry standards.

Secondly, as soon as possible to advance the rare earth industry consolidation, changing industry is fragmented mess. It is understood that in the future the Ministry will focus on supporting six companies led by promoting mergers and acquisitions. As the center of a large group, to build the whole industry chain of rare earth, help to change the situation of domestic rare earth scattered and improve international competitiveness. Of course, it is not rare integration can be done overnight, you also need the support of local government coordination, policy measures to break the narrow concept of regional, business interests divided.

Third, China should establish the authority of the rare earth trading platform, the establishment of a fair market price formation mechanism. Currently, the Baotou Rare Earth Products has set up a trading platform for other regions are actively learning experience in other types of metals trading market, promote the building of rare earth products trading platform. Through the formation of the trading platform, you can regulate the behavior of rare earth business transactions, improve quote is not standardized, non-uniform current situation, help to improve market transparency. In the course of the platform, trading patterns also need to gradually improve and enhance trading activity.

Finally, from the point of view of policy development, the future of China will promote the introduction of resource tax and other relevant policies for the export of rare earth production sources will become increasingly strict management, supporting policies is expected to be launched soon. It will regulate the rare earth industry business, change the status of the development of the industry is fragmented mess.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

• < Prev
• Next >