Earlier, Premier Wen Jiabao made it clear during his visit to Europe that it is necessary for China to manage and control rare earths, but at the same time take care of the needs of the world and will not use rare earth as a bargaining tool. Since the beginning of this year, the two batches of rare earth general trade export quotas issued by the Ministry of Commerce have reached a total of 24,281 tons, and the export volume still ranks first in the world.
Rare earths are scarce and non-renewable resources and are essential raw materials for cutting-edge industries and the defense industry. At present, China supplies more than 90% of the world's demand with 30% of the world's rare earth reserves, which is difficult to sustain in the long run. More importantly, due to some problems in China's rare earth industry, rare earths have long been in a low-cost export situation. The development and utilization of rare earths in China in the early days led to a large number of environmental problems, and the rare earth industry needs to be standardized. In recent years, in order to maintain the sustainable development of rare earths, the Chinese government has strengthened management and control over the production and export of rare earths. This is understandable and completely a matter within the sovereignty of a country.
Rare earths are not only important economic resources, but also important strategic resources. This is very clear to all countries. In July this year, US energy policy analyst Mark Humphries reported to the Congress on the "Rare Earth Elements: Global Supply Chain" report that China, the United States, Russia, Australia accounted for 36% and 13% of the world's rare earth reserves, respectively. 19% and 5.5%, but China's rare earth production accounts for 97% of the world's total output, and the output of the other three countries is zero! These countries "hidden" their own rare earth resources, and most of them are low-cost rare earths imported from China. The purpose is self-evident. Needless to say, there are still quite a few countries that purchase rare earth resources not for immediate use, but for reserves.
Japan is a major user of rare earths, and there are almost no rare earth mines in the country. According to the data, Japan has purchased a large amount of high-quality Chinese rare earths at low prices over the past 10 years and has reserved them. According to expert analysis, Japan’s rare earth reserves are sufficient for decades. Japan’s Minister of Economy, Trade and Industry, Otsuka, recently said that China’s exports of rare earths to Japan “have not returned to normal levels.†If he refers to the large number of disorderly and cheap exports in the past, then this “normal level†will never again appear. .
Every country has the right to use its own resources reasonably. China has long provided a large amount of rare earth products to the world at a low price. Now it is time to better consider the development of China's rare earth industry. China has recently adopted necessary management and restrictions on the rare earth industry in accordance with domestic laws and regulations. Its core purpose is to protect the environment and achieve sustainable development. This is not only responsible for China's development, but also for the development of the world.
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