Li Keqiang: Restricted rare earth exports to protect the environment

According to the Kyodo News Agency, the Japan-China Economic Association's visit to China, composed of the Japanese Federation of Economic Associations, Mr. Mi Chong, and Other people, held talks with Chinese Vice Premier Li Keqiang in Beijing on the 8th. Zhang Fujifu, head of the delegation and delegation of Toyota Motor Corporation, expressed concern about the Chinese government's export restrictions on rare earth resources. Li Keqiang said that the restrictive measures are to prevent the excessive development from causing damage to the environment, and I hope that the Japanese side will give an understanding. During the talks, China and Japan reached agreement on strengthening cooperation in the field of energy conservation and environmental protection. The Japanese side introduced that during the talks, Li Keqiang expressed a positive attitude toward the early conclusion of the free trade agreement between Japan, China and South Korea.

The rare earth industry will be integrated into 20
For a long time, China's rare earth industry has been too fragmented, leading to this important strategic resource, “gold sold the price of potatoes.” In order to change this situation, the country began to strengthen its emphasis on the rare earth industry since last year. The State Council recently issued a platform to focus on promoting mergers and acquisitions in six major industries, such as rare earths, in a market-oriented manner to improve industrial concentration, innovation capabilities and market competitiveness.

According to the person who participated in the formulation of the Rare Earth Industry Development Plan 2009-2015, the merger and reorganization of the rare earth industry is mainly the integration of the separation industry. It is planned to reorganize into about 20 rare earth separation enterprises from the current 90 in 2015.

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