Caixin
Oct 31, 2018 08:28 PM
ECONOMY

China Launches Crackdown on Rampant Smuggling, Illegal Production of Rare Earths

A mining site for rare earth metals is seen in Baotou, the Inner Mongolia autonomous region, on March 18. Photo: VCG
A mining site for rare earth metals is seen in Baotou, the Inner Mongolia autonomous region, on March 18. Photo: VCG

China has launched another crackdown on the country’s rampant smuggling and illegal production of rare earths, as authorities try to get a better grip on an underground industrial chain that has hamstrung their efforts to set world prices.

The Ministry of Industry and Information Technology (MIIT) said a one-month special inspection was launched on Tuesday, aiming to stamp out illegal mining, excess production, environmental violations and smuggling of rare earths, according to the state-controlled China Securities Journal. The notice also called on the media to help report wrongdoers and expose crimes.

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