China issues comprehensive rare earth industry regulations, controlling mining and smelting amounts and establishing a traceability system.
China has issued comprehensive regulations on the rare earth industry, aiming to balance resource protection and development while ensuring security and promoting technological innovation and green development. The new rules, which take effect on October 1, give the government control over total mining and smelting amounts and establish a product traceability system. China has a near-monopoly on refined materials such as rare earths, lithium, and graphite, which are vital for high-tech manufacturing and the green energy transition.
June 29, 2024
5 Articles