China likely to set up rare earth trade body
China likely to set up rare earth trade body (China Daily) Updated: 2010-12-29 07:23 Comments ( 13 ) Print Mail Large Medium Small BEIJING - China is considering establishing an industry association and a government unit for the rare earths industry to gain more control over the precious metals, senior officials said Tuesday. Liquid waste discharge caused by rare-earths processing forms a "rare earths lake" in the suburbs of Baotou, Inner Mongolia autonomous region. Oversupplies of rare earths have depleted China's own resources and seriously damaged the environment. [Photo/China Daily] The rare earths industry association is likely to be launched in May and will assist companies in exports and international cooperation, Wang Caifeng, a former official of the Ministry of Industry and Information Technology (MIIT), who is setting up the group, said at a forum. Related readings: China sets 1st round of 2011 rare earth expor...