Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

TRENDING
Hepatitis C Epidemic Erodes a Village’s Reputation for Longevity
Trump Says Apple’s Cook Concerned About Losing Edge to Samsung With Tariffs
After Huawei Announcement, Chinese Firms Get Keen on Smart Screens
LATEST
Data-Hungry Apps Show Scale of China’s Privacy Problem, Report Says
Japan’s Largest Mobile Carrier Says It Will Restart Huawei Sales
ZTE Joins Carmaker Chery in 5G Application Partnership
News Editor Fined for Rumors That Rattled Stock Markets in January
Chinese Web Giants Scramble for Stakes in Content Platforms
Baidu Revenue Beats Estimates on Strong Video Business
Weibo Shares Surge 14% as 2Q Results Beat Estimates
U.S. Extends Huawei Reprieve for 90 Days but Blacklists More Subsidiaries
Nio Denies China Listing Plan Amid U.S. Stock Plunge
ByteDance Invests in Chinese Wikipedia-Like Site in Search Push
Tencent to Open Honor of Kings to Third-Party Developers, AI Research
After Huawei Announcement, Chinese Firms Get Keen on Smart Screens
As China Rolls Out Commercial 5G, Experts Are Split on Take-Up Speed
Interest Rate Reform May Benefit Bigger Companies More, Economists Say
Sanctions-Hit Huawei to Open New R&D Centers in Russia: Reports
Xiaomi, Oppo, Vivo to Launch Cross-Platform ‘AirDrop’
Trump Says Apple’s Cook Concerned About Losing Edge to Samsung With Tariffs
Hepatitis C Epidemic Erodes a Village’s Reputation for Longevity
Cathay Pacific CEO Hogg Resigns Amid Hong Kong Protests
Ninebot’s New Scooter Can Drive Itself Back to Charging Stations
Beijing Launches ‘Unprecedented’ National Survey of Rare Earths as Stocks Soar, Speculation Swirls

By Teng Jing Xuan / Jun 11, 2019 06:57 PM / Economy

Photo: VCG

Photo: VCG

Beijing has launched a sweeping survey of domestic rare-earth production, a state-run newspaper reported, as industry stocks rise amid speculation that China could restrict exports of the materials as part of ongoing trade conflict with the U.S.

China’s top economic planner, the National Development and Reform Commission (NDRC), began site visits and meetings across the country on Monday to assess the “general upstream, midstream and downstream situation of rare earths and other strategic mineral resources,” the China Securities Journal, a publication under the official Xinhua News Agency, reported Tuesday.

The NDRC, working together with China’s Ministry of Information and Information Technology and the Ministry of Natural Resources, will use the investigation to prepare recommendations for the rare earths industry in areas ranging from “resource protection and green production” to “international trade and domestic and international cooperation,” according to the China Securities Journal. The publication called the investigation an “unprecedented effort.”

China is the world’s largest producer of rare earths, which are used in everything from oil refining and consumer electronics to military equipment. Recent fears that China could cut off supplies of the minerals to the U.S., a major buyer, have sent the stock prices of Chinese rare earth companies soaring.

At the same time, domestic production of rare earths has slowed as the government cracks down on illegal mining and pollution.

Related: China’s Rare-Earth Exports Continue to Shrink

Share this article
Open WeChat and scan the QR code
Copyright © 2019 Caixin Global Limited. All Rights Reserved.