Inner Mongolia proposes the establishment of a rare earth national strategy and reserve system

At the just-concluded Fourth Session of the Tenth CPPCC Inner Mongolia Autonomous Region, the Inner Mongolia Regional Committee of the China Association for the Promotion of Democracy submitted a proposal in the name of all members, recommending that the development of the rare earth industry be promoted into a national strategy, and that the Jiusan Academy Inner Mongolia District Committee should submit the proposal on behalf of all members. The proposal to promote the development of rare earth industries, it is proposed to establish a national strategy for rare earth reserve as soon as possible.
It is understood that the proposal of the Inner Mongolia District Committee of the China Association for the Promotion of Democracy believes that China has met most of the world's rare earth needs for many years, but the disorderly development of the domestic rare earth mines has caused great damage to resources and the environment. In the international rare earth industry chain, China mainly plays the role of “raw material export”. The strength of application and development of the domestic rare earth industry is weak, and the investment in science and technology is insufficient. The rare earth products produced are mainly permanent magnetic materials, luminescent materials, and hydrogen storage materials. Polishing powder and other low-end products. To this end, the proposal proposes to properly plan the development of rare earth industries and determine a reasonable rate of rare earth mining; set up a rare earth industry investment fund to promote rare earth application technology innovation; the state sets up a rare earth raw material company to improve the trading conditions of rare earth industries; set up a rare earth industry venture investment fund, Promote the application of rare earth technology and rare earth ore separation technology innovation.
The proposals of the Jiusan Academy Inner Mongolia District Committee suggested that a national rare earth strategic reserve system should be established as soon as possible. Therefore, the state should issue the “National Rare Earth Reserve Law” as soon as possible, and the state should provide a rare earth reserve fund to incorporate rare earths into the national strategic reserve system.

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