China issues new regulations on rare earth administration
2024-07-01 12:03:01 [Print]
Chinese Premier Li Qiang has signed a decree of the State Council, unveiling a set of regulations on rare earth administration.
The regulations, which will take effect on October 1, 2024, stipulate that the country will pay equal attention to resource protection as well as development and utilization of rare earths, following the principles of making overall planning, ensuring security, and boosting technological innovation and green development.
Rare earths belong to the country and no organization or individual are allowed to claim them. The state will take charge of protective mining of the resources, according to the new regulations.
In addition, the country will promote the high-quality development of the rare earth industry, and encourage the research, development and application of new technologies, new materials and new equipment.
The regulations specify punishment for illegal activities in areas including rare earth mining, smelting and extraction, product distribution, as well as unlawful imports and exports.
The regulations, which will take effect on October 1, 2024, stipulate that the country will pay equal attention to resource protection as well as development and utilization of rare earths, following the principles of making overall planning, ensuring security, and boosting technological innovation and green development.
Rare earths belong to the country and no organization or individual are allowed to claim them. The state will take charge of protective mining of the resources, according to the new regulations.
In addition, the country will promote the high-quality development of the rare earth industry, and encourage the research, development and application of new technologies, new materials and new equipment.
The regulations specify punishment for illegal activities in areas including rare earth mining, smelting and extraction, product distribution, as well as unlawful imports and exports.
