We will give full play to the role of market mechanism to guide the healthy development of the rare earth industry

　　Regulating the market order in parallel with economic and legal means is the key work of the supply-side reform of the rare earth industry during the 13th five-year plan period. Experts said the establishment of a centralized trading platform for baotou rare earth trading and the release of a series of rare earth price indexes jointly with the China economic information agency is a useful attempt to establish a market-oriented mechanism.

Xin guobin, vice minister of industry and information technology, said rare earth is an indispensable key element in developing emerging industries and transforming traditional industries, and will gain new impetus and huge development space in the implementation of strategic emerging industries, "made in China 2025" and sustainable development strategies. The 13th five-year plan is a crucial period for the sustained and healthy development of the rare earth industry, and we should focus on meeting the country's strategic needs and push forward the supply-side reform.

'the supply-side reform of the rare earth industry includes industrial restructuring, elimination and elimination of overcapacity,' Mr. Xin said. Improving the development environment; We will further improve the system of laws and regulations governing the rare earth industry, and root out violations of laws and regulations on rare earth.

Jia yinsong, an inspector from the ministry of industry and information technology's department of raw materials and industry and director of the national rare earth office, said it is important to see clearly the problems in the rare earth industry, especially the profit-driven illegal mining activities that seriously disrupt the market order. The management of rare earth industry should emphasize the application of market, economic and legal measures.

These important statements show that the key work of the supply-side reform of the rare earth industry during the 13th five-year plan period is to guide trade through market construction, severely punish illegal behaviors through legal means, and regulate market order through parallel economic and legal means.

Experts believe that the establishment of a centralized trading platform for baotou rare earth trading and the release of a series of rare earth price indexes jointly with China economic information agency is a useful attempt to establish a market-oriented mechanism and guide the price of rare earth back to value.

Chang qing, director of the futures and financial derivatives research center at China agricultural university, told reporters that illegal mining and production are important factors for the continued low price and deviation from the value of rare earth products. On the one hand, by improving the trading market and guiding the concentrated trading of rare earths, the price can be found and the price can be guided back to value. Baotou rare earth exchange plays an important role in improving the trading market and is an important link in implementing the national strategy. On the other hand, the government should play a better role in cracking down on the illegal mining of rare earth.

Tong xiao, deputy general manager of baotou rare earth products exchange, said the social pricing of commodities is now done on the exchange. Baotou rare earth products exchange operation, and then jointly released China's rare earth price series index with xinhua China economic information agency, hoping to attract traders and investors in the rare earth market through cooperation, the price of rare earth products into social pricing, guide the price of rare earth to value return.

'we are positioned not only as spot products, but also as financial services related to rare earth trading,' said liu sheng, general manager of baotou rare earth exchange. We cooperate with baotou commercial bank and other financial institutions to become the only trading platform in China that can provide financing for traders on the floor, effectively solving the problem of insufficient working capital and "payment days" between enterprises.

Jia said the release of the rare earth price index is a necessary, timely and beneficial attempt to establish a fair and objective market-oriented mechanism. Based on the actual trading price of baotou rare earth exchange, it can fully reflect the authenticity of the market. We need to take good steps, walk steadily, constantly improve and promote the development of the market.