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China is considering the implementation of purchasing and storage policy on the part of an important resource for products, including copper, rare earths, tungsten, and take similar rare-earth management approach will also be considered part of rare metals.
An important resource for product purchasing and storage includes two parts: one part of China’s serious shortage, by imported products, such as oil, copper, its price is largely subject to international market, to choose the Shouchu downturn in the international market price; another part belongs China’s abundant, large output, and a large number of export varieties to meet the international market, such as rare earths, tungsten, molybdenum, antimony, tin. Although these varieties of Chinese reserves in the world, but the overall number of rare, new industries at home and abroad, new energy and industrial development of national defense and military strategic materials. Purchasing and storage policy implementation is important to adjust the product management of resources policy, will be conducive to ensuring the future industry demand and stable resource prices.
According to statistics, as of the end of 2010, the global tungsten reserves of 226 million tons, of which China accounted for 56% of the global total, ranking first in the world the tungsten reserves based static protection period of 48 years. Global molybdenum reserves of 830 million tons, of which China accounted for 18% of the global total, ranking second in the world, molybdenum reserve base static protection period is 66 years. Proven antimony reserves to maintain reserves of 278 million tons, accounting for more than 70% of the world’s antimony reserves, the Chinese production accounts for more than 90%, static protection of the lives of about 28 years. Therefore, following the implementation of the full range of strict management measures from other sectors as mining, production, operations, export of rare earth resources, part of the rare metals similar rare earth management approach is imperative.
Establish national rare earth Shouchu mechanisms conducive to stabilize fluctuations in resource prices, resource products price dropped to a certain price, purchasing and storage enterprises will be on the market in accordance with the requirements of the purchasing and storage mechanism; prices to a particular price, enterprise products will be sold in accordance with the requirements of the purchasing and storage mechanism. May PPI fell 1.4%, a decline of 0.4%, including non-ferrous metal prices fell 6.2%, a decline of 0.7%, in recent years, low. Copper, rare earth, tungsten is an important strategic material non-renewable, but also the object of intense competition for the international market. When bulk products in the international market, especially in some important resources and energy product prices lower, is a good time for state purchasing. In this case, further intensify the efforts on the part of an important resource for product purchasing and storage, will be conducive to the rational development and utilization of resource protection.