China Government Plans Eco-friendly Rare Earth Development

Chinese government released white paper on rare earth industry, which has 90% shares of world production. The paper reports environmental destruction is serious in the resource development in the country. The government reaffirms the country decided to control the resource development including the rare earth development when the government seeks more environmental friendly manner in the resource development.

The paper emphasized China has contributed to world supply of rare earth along with higher domestic requirement under economy growth. The paper indicates the government continues fair trade of rare earth under rule of World Trade Organization.

The government will control the mining operation of rare earth for environment protection. The government plans to develop the technology for higher yield rate and recycling.

The government will encourage rare earth users to focus on higher valued applications. The paper indicates the government seeks application development in new energy, environment protection and medical care.

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