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Ningbo Empire Magnet Co.,Ltd [China (Mainland)]
Business Type:Manufacturer
City: Ningbo
Province/State: Zhejiang
Country/Region: China (Mainland)
News
China plans toproducts of important resources of rare earth
China is considering purchasing policy shall be implemented for some important resources products, including copper, rare earths, tungsten and so on, and consider for some rare metal will also take similar measures for the management of rare earth. This is Chinas important policy adjustment of product management for resources, will be good for stable resource product prices.
Sources said, part of the important resources of energy products is divided into two parts: part of Chinas severe shortage, need to imported products, such as oil, copper, picks, etc; The other part belongs to China is rich in reserves, output, and exported to meet the needs of the international market.
Before part of the product price is subject to the international market, mainly in the international market price downturn may include the collection and storage, after a part of products, mainly is some rare metals, such as rare earths, tungsten, molybdenum, antimony, tin, etc., while Chinese reserves in the world, but due to the overall amount is scarce, difficult to meet emerging industry at home and abroad, new energy, new energy materials mainly depends on the rare metal) and the needs of the development of national defense military industry.
"In 2010, for example, accounts for 47% of the world, Chinas tungsten reserves of tungsten concentrate and tungsten smelting products accounted for 87% of the world and 85% respectively, if the current mining speed, less than 20 years, existing resources will be depleted. So after Chinas rare earth resources from mining, production, management and export a comprehensive strict management measures, take similar measures for the management of rare earth for some rare metal is imperative." The above, a source familiar with the situation said. Concrete plans relating to the product purchases, he said, will be led by different departments.
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