China is considering implementing a policy of purchasing and storing some important resource products, including copper, rare earth, tungsten, etc., and considering adopting similar rare earth management measures for some rare metals. According to Reuters, the source said on June 11 that China is considering implementing a policy of purchasing and storing some important resource products, including copper, rare earth, tungsten, etc., and considering adopting similar rare earth management measures for some rare metals. This is an important policy adjustment for China's resource product management, which will help stabilize the price of resource products. Specific plans for product collection and storage will be led by different departments. Reuters quoted sources as saying that some of the important resources and energy products are divided into two parts: some are products that are severely in short supply in China and need to be imported, such as oil, copper, antimony, etc. Their prices are mainly subject to the international market, at the international level. When the market price is low, it can be purchased and stored. The other part is China's abundant reserves and production, and exports a large number of products that meet the needs of the international market, mainly rare earth, tungsten, molybdenum, niobium and tin. Some media said that the Ministry of Industry and Information Technology is taking the lead in researching and establishing a national rare earth storage mechanism to stabilize the fluctuation of rare earth prices. In May last year, the State Council also issued the "Several Opinions on Promoting the Sustainable and Healthy Development of the Rare Earth Industry", requesting the establishment of a strategic reserve system for rare earths.
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