Yang Wenhao, vice president of the China rare Earth Industry Association, said at the industrial forum that the rare earth industry should grasp the general tone of seeking progress in the midst of stability and give full play to the role of the upstream backbone rare earth raw material production enterprises as voltage regulators and ballast stones in the market. Strengthen industry self-discipline, optimize marketing model, reduce intermediate links, prevent hoarding and speculation, and strengthen mutually beneficial and win-win cooperation between upstream and downstream entity enterprises. Build a community of interests and a shared future in the supply chain of the rare earth industry chain, establish a coordinated and stable relationship between supply and demand, and avoid the adverse impact of frequent and large fluctuations in market prices on upstream and downstream enterprises.
From January to November this year, the national output of new rare earth materials was 191000 tons, an annual increase of 20.5 percent. Driven by the growth in demand for rare earth materials, product prices have rebounded, and the operating income of enterprises in the upstream and downstream of the rare earth industry has achieved good growth.