The Inner Mongolia Autonomous Region Standing Committee deputy director Huercha said on the 7th, Inner Mongolia will speed up the construction of rare earth strategic reserve bases, and will establish a national-level reserves of rare earth resources, to prepare for the construction of a rare earth trading platform.

Rare earth is widely used in electronics, machinery manufacturing, nuclear industry, new energy, aerospace and other cutting-edge technology fields, and has the reputation of “industrial vitamin”. The Baiyun Obo multi-metal symbiotic ore located in Baotou City, Inner Mongolia, contains rare earth resources that account for approximately 87% of China's proven reserves and is the world's largest deposit of rare earths.

Hulcha said that the development of China's rare earth industry has just begun, and the management level needs to be further improved. In particular, the application of rare earths and the research and development of new materials will require greater efforts in technological innovation. Protection and development use of good rare earth, but also improve the rare earth industry development plans and policies.

According to reports, in order to further rectify the order of rare earth mining, ore dressing and smelting, last year Baiyunebo Mining District launched a special rectification of rare earth resource development order, crack down on unlicensed exploration, mining, stolen rare earth resources and illegal mining, smelting, sales of rare earth resources Such behavior.

China is the world’s first rare earth resource country, but its per capita rare earth resources are relatively scarce. In particular, China has not yet completed its industrialization. The future consumption of rare earths will be large, so protecting rare earth resources is of great significance.

Hulcha said that to speed up the construction of rare earth strategic reserve bases, it is necessary to make a good reserve of rare earths and establish a reserve base for national rare earth resources. On this basis, preparations should be made to further build a rare earth trading platform. In the future development of rare earths, while protecting the development and utilization, we must pay special attention to ecological construction and environmental governance to lay the foundation for future sustainable development.

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