Chen Deming of China next year will remain rare exports

Commerce Minister Chen Deming on 5 November in Paris to refute some Western media for China rare earth export of false reports, and said that China will maintain rare exports.

In today's economic and trade cooperation projects in the method signature ceremony, Chen Deming said that the Chinese Government for strengthening environmental protection considerations, some do not meet the environmental requirements of a small re ore plant to rectify and to close, some small ore mill closed down naturally resulted in China rare earth decline, exports are reduced. The Chinese Government a strengthening of environmental initiatives, a number of media speculation, was interpreted as "political event".

Chen Deming said, China has the world 30% of rare-earth resources, but it possesses global output of 90% of rare-earth, and some countries possess a wealth of rare-earth minerals, but not for development, but imports from China. He said that China is currently rare consumer and storage country consultations, hoping to find a suitable solution, to resolve the tension between supply and demand is becoming increasingly rare. As a mineral resource is not renewable, rare earth, global reserves are limited, China hopes that the future can find an alternative way of rare or resources.

Rare-earth is less a reserves Metalloids collectively, including 17 kinds of chemical elements, known as "industry of vitamin" that can significantly improve the performance of the relevant material is essential for modern high-tech products. As in recent years the high tech industry in the rapid development of global demand for rare earths and consumption is growing fast. Recently, some of those in Europe, the media hypes China significantly reduce re export quotas, in turn accused China of rare-earth policy.

To prevent this non-renewable resource over-exploitation and illegal abuse recovery to dig on the environment, China in recent years on rare earth ore mining industry increased consolidation and governance. 6 October this year, Chinese Premier Wen Jiabao in Brussels to attend the sixth European Business Summit speech pointed out that "on rare earth to management and control is necessary, but never blockade. China will not give rare earth as a bargaining tool, our aim is for the sustainable development of the world. ”