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China Implements New Rare Earth Regulation Effective October 1, 2024

Jun 29, 2024, 02:31 PM

Chinese Premier Li Qiang has signed a State Council order to implement the Regulation on Rare Earth Management, which will come into effect on October 1, 2024, Xinhua reported. The new regulation aims to strengthen the protection of rare earth resources, improve management of the industry, and ensure domestic supply. The regulation covers the mining, metal smelting, and circulation of rare earths, and grants government agencies control over the total amount of rare-earth mining. This is the first comprehensive regulation governing the rare earth sector in China.