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Review 2017 China's Rare Earth Market Consolidation Situation
Dec 29, 2017

Since the end of December 2016, the Ministry of Industry and Information Technology and other eight departments jointly issued a circular stating that in order to further regulate the order of the rare earth market, crack down on illegal mining, production and trading of rare earths, members of the inter-ministerial coordinating mechanism for commercial rare metals Unit, decided on the basis of the previous rectification work, from December 2016 to April 2017 in the country to carry out special actions against illegal activities of rare earth. The move paved the way for this year's crackdown.


At the same time, this year highlighted a key word "continuous", all over the special operations continued in December last year until April this year, Jiangxi, Shanghai, Fujian, Hunan, Shandong, Sichuan and other provinces and municipalities have in accordance with the Ministry of Industry and Information Technology and other eight ministries jointly crack down on rare earth illegal Violation of special action requirements, and severely promote the local "fight." Shandong, Hunan and other provinces proposed the establishment of rare earth industry "blacklist" system, will be found in the record of violations of national credit information sharing platform.


According to reports, special operations around the country will continue until April this year. "Special action will gradually affect the supply of rare earth, effectively regulate the industry order." Insiders said.
    In March, the local government cracked down continuously and deepened. Zhanggong District of Ganzhou City held a special work arrangement to crack down on illegal activities of rare earths. It proposed that the illegal exploitation of rare earths should be severely punished and the illegal acts of smelting should be severely punished. According to the conference deployment, Zhanggong District, through the Commission, District Supervisory Board, the District Internal Revenue Service, the District Inland Revenue Department and other joint verification of the area 27 rare earth enterprises.
    On June 30, according to the official website of the Ministry of Industry and Information Technology, Rare Earth Office set up a group of experts in technology, finance and law to continuously push forward the special campaign to crack down on violations of rare earth law and gradually normalize and institutionalize the rectification work The rectification of rare earth industry order expert group will provide support and assistance for the order review and rectification of the rare earth industry in the areas of production technology analysis, raw material composition testing, financial data analysis and administration according to law. The members of the expert group mainly come from relevant industry associations, key rare earth groups, research and legal institutions.


Until the end of the year, the Ministry of Industry and Information Materials (Rare Earth Office) once again organized a meeting of liaison officers for inter-ministerial coordinating mechanism of rare metals, focusing on measures to promote order rectification work. Development and Reform Commission, Ministry of Finance, Ministry of Environmental Protection, Ministry of Public Security and other departments attended the meeting. The participating departments said they will further develop their work force to work together to rectify the order of the industry, study and solve the outstanding problems discovered, intensify joint disciplinary efforts, push for the promulgation of the Rare Metal Management Ordinance as soon as possible and maintain the high pressure on rare earth illegal activities, Make sure the consolidation is effective. The industry believes that the meeting revealed that the state will continue to intensify efforts to rectify the rare earth industry, a new round of rare earth "hit" will also start.