China’s Five-year plan for the rare earths industry

 I sum based on Xinhua report:

Problems now:

1. illegal mining; production capacity expland too rapidly; 2. damage to environment and waste of resources; 3. high-end development and research lag behind; 4. disorder in export

Solutions: 

1.    improve technology in exploration, distill, and application2.    “Insist” on : environment protection and energy saving; control total output and optimize reserves; coordinate national and international market and resources

Goal: a rare earths industry with resonable exploration, orderly production and advanced technology in five years

How:

1.    more regulation on total output, export quota, environment standards

2.    legal moves against illegal mining and damage to environment

3.    coordinate the industry, merger and acquisition

4.    research and develop technology

The original report is here: 温家宝主持国务院常务会：五年形成稀土业持续健康发展格局