China Rare Earth Association will be established in May to take the lead in a new round of industry restructuring

Abstract "Rare Earth Industry Access Standards" officially issued this newspaper in June and July this year (Reporter Li Zhijian) The reporter learned from the rare earth industry insiders that the preparatory materials for the China Rare Earth Industry Association have been approved by the Ministry of Industry and Information Technology and approved by the civil affairs department. It was established in May this year. Association...

"Rare Earth Industry Access Standards" was officially introduced in June and July this year.

(Reporter Li Zhijian) The reporter learned from the rare earth industry insiders that the preparatory materials for the China Rare Earth Industry Association have been approved by the Ministry of Industry and Information Technology and approved by the civil affairs department. It is expected to be established in May this year. The members of the association basically include the major rare earth development and smelting enterprises in the country, with more than 90.

Wang Caifeng, former head of the preparatory group of the Rare Earth Industry Association and former deputy director of the Raw Materials Division of the Ministry of Industry and Information Technology, said in an interview with the media that the preparatory work for the preparatory work of the association has been completed, including the research and formulation of the association's articles of association, the convening of members, and now it has been reported to the Ministry of Industry and Information Technology, waiting for the issuance. Industry management opinions, the most likely to be listed in May. It is reported that the chairman of the China Rare Earth Association will be held by the leading companies in the industry in turn, and Minmetals Group, China Nonferrous Metals, Guangzhao Nonferrous Metals and other industry leaders will also be selected as governing units.

Regarding the ownership of the first chairman of the association, it is reported that the first chairman of the board of directors Baotou Steel Rare Earth ( 63.55 , 0.29 , 0.46% ) should be expected. Chairman Zhou Bingli is likely to be the first president of the Rare Earth Association. However, there are also rumors in the industry that Minmetals will be the chairman of the association.

It is reported that after the establishment of the rare earth industry association, together with the Ministry of Industry and Information Technology, it will take a new round of industry restructuring and resource integration to establish a rare earth reserve system. The "Rare Earth Industry Access Standard" was confirmed to be officially introduced in June and July this year.

 

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