On the 16th, Premier Wen Jiabao of the State Council presided over the State Council executive meeting to study and deploy policies and measures to promote the sustainable and healthy development of the rare earth industry. The meeting requested that we strive to form a sustainable and healthy development pattern of the rare earth industry in about five years. According to industry insiders, this is the first time for the development of the rare earth industry at the national level to set a specific time limit. The medium and long-term development direction of the rare earth industry, which has been receiving much attention, has finally been set at a high level. The rare earth industry is clearly welcoming the rectification and upgrading of the new year, and relevant leading enterprises will benefit from concentration.
 The newspaper also learned that relevant parties are preparing for the establishment of a new rare earth coordinating agency. The agency will be set up under the Ministry of Industry and Information Technology under the name of “Rare Earth Officeâ€. According to the inter-ministerial joint meeting system, it will co-ordinate the opinions of various ministries and commissions and become the main execution unit for the formulation and release of rare earth industry policies in the future. This means that the situation of China's rare earth industry under the decentralized management of many ministries will be completely transformed. The industry said that under the guidance and drive of the policy, "the development trend of the rare earth industry has become irreversible." Yesterday’s State Council executive meeting pointed out that it is necessary to speed up the transformation of the rare earth industry development mode, improve the technical level of mining, smelting and application, adhere to environmental protection and resource conservation, adhere to control of total volume and optimize stocks, and insist on coordinating domestic and international markets, two Resources and actively carry out international cooperation. Strive to use five years or so to form a sustainable development pattern of rare earth industry with rational development, orderly production, efficient use, advanced technology and intensive development. In response to this goal, the meeting specifically planned four development points: First, we must establish and improve the industry supervision system, strengthen and improve industry management. Implement stricter protective mining policies and ecological environmental protection standards for rare earth resources. Reasonably determine the annual total amount of rare earth mining and export quotas. Grasp the relevant laws and regulations. Second, we must carry out special rectification of rare earths in accordance with the law, and resolutely crack down on all kinds of illegal and illegal activities such as illegal mining and super-control index mining, illegal production and over-planning production, destruction of ecology and pollution of the environment. Third, we must accelerate industry integration and adjust and optimize the industrial structure. Deepen the development and integration of rare earth resources, accelerate mergers and acquisitions in the industry, and increase industrial concentration. Fourth, we must accelerate the research and development and industrialization of rare earth key application technologies. It is understood that the relevant departments will intensively introduce specific refinement policies in various aspects of the meeting, including environmental standards, industry access conditions, and export supervision methods.
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