Inner Mongolia implements rare earth resources strategic reserve is expected to be included in the national directory

It is understood that on February 9, 2010, the People's Government of Inner Mongolia Autonomous Region approved the “Strategic Reserve Plan for Rare Earth Resources in Inner Mongolia Autonomous Region”, in which Baotou Rare Earth's strategic reserve plan proposed and implemented by Baotou Rare Earth was approved. According to this plan, Baotou Rare Earth will collect and collect 300,000 tons of rare earth mineral products, appropriate rare earth products and rare earth metal products in five years. Reserve funds are expected to exceed 2 billion yuan, mainly by enterprises, Inner Mongolia Autonomous Region government 10 million yuan discount, Baotou City Government 10 million yuan discount, other funds raised by companies themselves.

Xing Bin believes that the strategic reserve of rare earth raw materials is of great significance. It can increase the output of rare earth concentrates without increasing the supply of the market and reduce the waste and pollution caused by secondary sorting. At the same time, the market supply can be adjusted and effective. Containing the vicious competition in the rare earth industry will be beneficial to the continued improvement and long-term stability of China's rare earth market.

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