The rare earth industry continues to standardize the price mechanism and still needs to be improved

A few days ago, an article on "the price of rare earths sold as cabbage in Inner Mongolia" triggered a heated discussion on the Internet

During the interview, the reporter learned that in Baotou City, Inner Mongolia, the "rare earth capital", rare earths have formed a large number of application products with independent intellectual property rights in the fields of aerospace, magnetic refrigeration, permanent magnet motors, hydrogen storage batteries, energy saving and environmental protection.

The fluctuation of the price of rare earth raw materials has attracted extensive attention from many rare earth companies

According to Liu Haifeng, director of the North Rare Earth Marketing Department, the price fluctuation range of the rare earth market has gradually decreased in recent years, which has strongly promoted the development of the domestic rare earth industry

Liu Haifeng believes that, from a development perspective, constantly making up for shortcomings and using electronic trading platforms recognized by all parties will help further improve the price formation mechanism

“Around the Bayan Obo iron mine, we have conducted in-depth and detailed research on the deposit, the occurrence conditions of rare earths, and the distribution of ore bodies in cooperation with the Institute of Geology and Geophysics of the Chinese Academy of Sciences, the Chinese Academy of Geological Sciences, etc.

In addition, the China Rare Earth Industry Development Index was officially released in Baotou at the beginning of this year

Li Zhenhong, chairman of Baotou Rare Earth Products Exchange, told reporters that the country has attached great importance to the development of the rare earth industry for many years and has issued a number of management measures and supporting policies

Yang Wenhao, secretary-general of the China Rare Earth Industry Association, said that due to information asymmetry and the different demands of stakeholders, the sustainable and healthy development of the rare earth industry has been affected to a certain extent