Analysis on the Current Status of World Rare Earth Market and China's Countermeasures
It is well-known that China possesses the resource advantage in rare earth. It is the development target of Chinese rare earth industry to transform our resource advantage into economic edge and bring the said industry into the track of recycling economy. China has more than 50% of the world rare earth industrial reserves and produces and sells over 80 percent of rare earth products in the world market. However, the Chinese enterprises are not entitled to produce the rare earth products with a high value added and high prices because they don't own the patents monopolized by foreign corporations. In addition, Chinese enterprises don't own the pricing right. As a result, the price for our rare earth products is as low as the real"earth"level. This situation is closely related to the structure of rare earth industry, the technical content of products and the management of export in China.
【CateGory Index】： F416