The Ministry Of Foreign Affairs: Our Country Controls And Controls The Rare Earth Resources &Nbsp; &Nbsp; Next Year Or Sets Up The Reserve System.

October 26th, China

A reporter asked: it is reported that China has temporarily suspended its rare earth products to the US and sunrise.

What is the reason for China's suspension of exports? When can it be resumed?

Ma Zhaoxu replied that controlling and controlling rare earth resources is China's sovereign rights, and it also accords with the relevant provisions of WTO and does not violate China's WTO accession commitments.

Restricting the export of important natural resources is also a common practice in many countries. It is unreasonable to accuse China in this regard.

Specific circumstances can be asked by the competent Chinese authorities.

"Next year, China is expected to set up a reserve system for rare earth resources and increase the reserves of rare earth strategic resources."

In October 26th, a member of China Rare Earth Society told our reporter that China's rare earth national reserve system is expected to be on the agenda.

This reporter also learned from the Ministry of land and resources, China's rare earth strategic resources reserve system pilot work is steadily advancing, and is expected to start in full swing.

Earlier, the rare earth industry has repeatedly called on our country to establish a strategic reserve system of rare earth resources as soon as possible, and strengthen resource protection. The largest rare earth producer in China, Baotou Steel Rare Earth has initially carried out spontaneous storage and storage in the first half of this year.

"Baotou Steel Rare Earth storage and acquisition plan has been recognized and supported by the government, in fact, is a pilot project."

The above said.

According to our reporter, Baotou Steel rare earth raw materials purchase and storage scheme needs the reserve funds mainly borne by the enterprise itself, the Inner Mongolia government discount 10 million yuan.

The above told the reporter that in October 14th, the Ministry of land and resources held a meeting to discuss the Inner Mongolia rare earth development plan, affirming the obvious effect of Inner Mongolia rare earth remediation, and referring to "comprehensively promoting the strategic resources reserve of rare earth, and establishing the linkage system of the national light rare earth development as soon as possible".

But the source said that China's rare earth reserves are facing difficulties: first, reserve funds are not in place; two, the integration of rare earth industry is not in place.

Taking Baotou Steel Rare Earth as an example, although the government supports the Baotou Steel Rare Earth purchase and storage in the form of discount, but because of the heavy burden of the enterprise itself, the capacity to store and store is very limited.

In addition, there are many rare earth enterprises in China and lack of unified inquiry system, which results in different prices of the same type of products.

In this regard, the Ministry of land and Resources said that mineral resources such as rare earth should ensure that the integration task is completed before the end of 2010.

The above China Rare Earth Society said, "integration is the condition for establishing the system of storage and purchase. With the integration of rare earth elements, the goal of establishing a storage system is getting closer and closer."