Arab Today, arab today china to complete rare earth industry restructuring by mid2016
Last Updated : GMT 17:53:47
Arab Today, arab today
Arab Today, arab today

China to complete rare earth industry restructuring by mid-2016

Arab Today, arab today

Arab Today, arab today China to complete rare earth industry restructuring by mid-2016

China to complete rare earth industry restructuring by mid-2016
Beijing - XINHUA

China, the world's largest rare earth producer and exporter, will complete a major restructuring move by mid-2016 to consolidate the industry, an official said Friday.

The work on forming rare earth blocs will be finished by the end of June to restructure the country's rare-earth assets, said Xin Guobin, vice minister of industry and information technology, at a symposium.

China's rare-earth industry is beset by problems including illegal mining, smuggling and a lack of competitiveness due to weak research and development.

In a bid to consolidate and upgrade the industry, the government pledged in 2014 to encourage and support six industry leaders to carry out mergers and acquisitions separately to create large rare-earth producers.

Three firms have already formed rare-earth blocs separately and the other three are still working on it.

Xin said this year will see a reduction of rare-earth smelting capacity, improved output control and increased competitiveness.

By the end of 2020, China should have enhanced its protecting of rare earth resources and have world-leading rare earth-related technology, Xin said.

Rare earth metals are vital for manufacturing high-tech products ranging from smartphones and wind turbines to car batteries and missiles.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china to complete rare earth industry restructuring by mid2016 Arab Today, arab today china to complete rare earth industry restructuring by mid2016

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china to complete rare earth industry restructuring by mid2016 Arab Today, arab today china to complete rare earth industry restructuring by mid2016

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday