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   Sina Financial News, June 23, according to foreign reports, the China Rare Earth Industry Association preparatory group leader, the former Ministry of Information Industry and materials Cai-Feng Wang, deputy director, said the next two years China's rare earth production in the world in the proportion from current 95% to 60%.

   According to Reuters, Cai-Feng Wang said that China's global share of rare earth production dropped significantly the next two years, reversing the global supply of rare earth in China's dependence. She is currently responsible for the preparation of rare earth industry associations to help set the price of rare earth, monitoring industry consolidation, "Society has completed the preparations, the Ministry of Industry is preparing to approval within the next month or two want to set up."

   In the past 20 years, more than 90 percent of the world's rare earth resources from China, but China's rare earth pricing, but not much in the initiative, but a lot of exploitation of rare earth ore, has also brought serious environmental problems.

   Rare Earth began a new round of consolidation in 2009, China's export quota of rare earth once again tightening. After two years, Premier Wen Jiabao in his government work conference on earth many times a specific reference to remediation work.

   Among them, the State Council "to promote the sustained and healthy development of rare earth industry, a number of opinions" is rare in the pre-integration formed on the basis of experience, the idea of ​​systematic integration of China's rare earth, a total of 22 views, known as the rare earth the new "State 22" . Rare Earth New "State 22" on the rare earth mining, processing and refining, export quotas, resource tax, environmental protection, industry, etc access principles set out guidance, and clear the earth up to the national strategic level integration, proposed using 4-5 years to rectify the rare earth industry as "sustained and healthy development of the industry."

New measures expected to bring results, including: reducing the total mining, industry concentration increased, a certain ease of smuggling, environmental protection and raise the threshold and so on.

ZheJiang DongYang Strong Electron Co., Ltd