China's rare earth association will be established in May

It was learned from the rare earth industry that the construction materials of the China Rare Earth Industry Association had been approved by the Ministry of Industry and Information and approved by the civil affairs department. It is expected to be established in May this year. The members of the association basically include the major rare earth development and smelting enterprises in the country, reaching more than 90.
Wang Caifeng, head of the preparation group of the rare earth industry association and former deputy director of the Ministry of Industry and Information Technology, said in an interview with the media that the preliminary preparations for the preparation of the association were in place, including the study and formulation of the association’s articles of association and the convening of members, and they have now been reported to the Ministry of Industry and Information Technology and are waiting to be issued. Industry management advice is most likely to be established in May. It is reported that the future of the president of the China Earth Society will be rotated by the leader of the industry's leading companies, Minmetals, China Nonferrous Metals, and other leaders in the industry will also be selected as the governing unit.
With regard to the ownership of the first chairman of the association, it is reported that the first chairman of the company Baotou Rare Earth should be expected. Chairman Zhou Bingli is likely to serve as the first president of the rare earth association. But there are rumors in the industry that Minmetals will be the chairman of the association.
It is reported that after the establishment of the rare earth industry association, together with the Ministry of Industry and Information Technology, it will take the lead in a new round of industrial restructuring and resource integration, and establish a rare earth reserve system. The "Rare Earth Industry Access Standard" is formally announced in June this year.

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