China continues to maintain a stable supply of rare earth products

Recently, foreign media reported that China restricted the production of rare earths in the second half of 2018 to no more than 45,000 tons, which is the lowest limit in five years. The content of the report is inconsistent with the facts. For a long time, rare earth products produced in China have made important contributions to the global supply of raw materials. To further meet market demand, China has increased its rare earth mining plan from 105,000 tons to 120,000 tons in 2018, and the smelting separation plan has increased from 100,000 tons. 115,000 tons, both increased by 15,000 tons compared with the previous years, increasing the planned amount by about 15%. There is no reduction in the amount of rare earth plans, but an increase in the plan. Since the beginning of this year, the Ministry of Natural Resources and the Ministry of Natural Resources jointly issued a plan for the control of total rare earth mining and smelting separation. The plan for the first half of the year was issued late. In order to facilitate the annual production of rare earth enterprises, the first half of the year is scheduled to be released at 60% of the annual plan. It has issued 70,000 tons and the remaining 45,000 tons were issued in the second half of the year. In the second half of last year, the planned amount is usually 50% of the annual plan, so it seems that the plan for the second half of this year is lower than in previous years.

China is deepening reforms in an all-round way and continuously expanding its foreign development efforts. It will actively work with the international community to build a fair and rational rare earth market order and safeguard the rights and interests of legitimate enterprises.

 

Author: MIIT – Raw Materials Industry Division
Date: 2018-10-30
Source MIIT – Raw Materials Industry Division

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