Foreign media said that China has begun to integrate miners to reduce the export of rare earth raw materials
2024-07-31 08:01:44
Will increase the added value of rare earth products and reduce the export of rare earth raw materials
Lin Donglu, secretary general of the China Rare Earth Society, told Reuters on October 29 that the integration of Chinese rare earth miners is already underway. China will focus on increasing the high added value of rare earth products. In the future, it will mainly export rare earth products and reduce the export of raw materials.
Reuters reported that Lin Donglu said that research institutions are exploring more uses of rare earths, helping downstream industries to process and add value to rare earths, and converting raw materials into high value-added rare earth products for export.
At present, China's rare earth reserves account for 30% of the world's total, but trade accounts for 90% of global trade. According to Caixin.com, China has significantly reduced the export quota of rare earths in the second half of the year. The export quota for rare earth products has been 30,258 tons, a decrease of 19,87 tons from 2009, a drop of 40%.
Lin Donglu said that although the plan for rare earth exports has not been completely eliminated, the Rare Earth Society hopes to develop in this direction.
The Ministry of Commerce of China has repeatedly stressed that China's restrictions on the exploitation, production and export of rare earths are in line with international norms and domestic laws. China will formulate a reasonable 2011 based on the research on rare earth production, domestic and international demand and sustainable development needs. The total amount of export quotas.
Lin Donglu, secretary general of the China Rare Earth Society, told Reuters on October 29 that the integration of Chinese rare earth miners is already underway. China will focus on increasing the high added value of rare earth products. In the future, it will mainly export rare earth products and reduce the export of raw materials.
Reuters reported that Lin Donglu said that research institutions are exploring more uses of rare earths, helping downstream industries to process and add value to rare earths, and converting raw materials into high value-added rare earth products for export.
At present, China's rare earth reserves account for 30% of the world's total, but trade accounts for 90% of global trade. According to Caixin.com, China has significantly reduced the export quota of rare earths in the second half of the year. The export quota for rare earth products has been 30,258 tons, a decrease of 19,87 tons from 2009, a drop of 40%.
Lin Donglu said that although the plan for rare earth exports has not been completely eliminated, the Rare Earth Society hopes to develop in this direction.
The Ministry of Commerce of China has repeatedly stressed that China's restrictions on the exploitation, production and export of rare earths are in line with international norms and domestic laws. China will formulate a reasonable 2011 based on the research on rare earth production, domestic and international demand and sustainable development needs. The total amount of export quotas.
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