Chen Yanhai, director of the Department of Raw Materials Industry of the Ministry of Industry and Information Technology, said at the National Conference on Industry and Informatization that it is necessary to promote the integration of the rare metals industry and form an industrial structure dominated by large-scale enterprise groups. The Ministry of Industry and Information Technology is organizing relevant departments and associations to study and propose the "Rare Metals Management Measures" (draft) to improve the long-term mechanism for management of rare metals. At the same time, the Ministry of Industry and Information Technology will cooperate with relevant departments to increase resource protection and establish a rare metal reserve system. Strengthen the guidance and supervision of the management of rare metals in various places, and guide the localities to establish a rare metal coordination mechanism at the provincial level and below according to the needs of the work.
China's rare metal reserves such as tungsten, indium and rare earth rank first in the world, and its output accounts for more than 80% of the world. The reserves and production of rare metals such as molybdenum and niobium are also among the highest in the world. However, vicious competition and price wars have made China's rare metal resources wasteful.
China's rare metal reserves such as tungsten, indium and rare earth rank first in the world, and its output accounts for more than 80% of the world. The reserves and production of rare metals such as molybdenum and niobium are also among the highest in the world. However, vicious competition and price wars have made China's rare metal resources wasteful.
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