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the "rare earth management regulations" will come into effect on october 1, 2024, less than two days ago.

on june 29, 2024, the "rare earth management regulations" were officially announced. the "regulations" regulate the development and utilization of rare earth resources in the form of administrative legislation for the first time. it is a landmark overarching and comprehensive basic regulation. the "regulations" establish a governance system from the national to local to enterprise hierarchical management, each performing its own duties and responsibilities. it also sets penalty standards for violations of laws and regulations for the first time, further increasing pressure and guiding the rectification of industry order, and more conducive to the standardized management of the rare earth industry.

the regulations clarify that the state encourages and supports the research, development and application of new technologies, new processes, new products, new materials, and new equipment in the rare earth industry, continues to improve the level of development and utilization of rare earth resources, and promotes the high-end, intelligent, and green development of the rare earth industry.

many analysts in the industry believe that the "rare earth management regulations" will further control import, export and recycling, and increase penalties for violations, which is expected to further limit the survival space of non-compliant supply in the industry and improve the situation of oversupply of rare earths. strengthen global voice and enhance the valuation of the rare earth sector.

rare earths are known as "industrial vitamins" and are indispensable important elements and key strategic resources in modern industry. china occupies a pivotal position in the international rare earth market, and the development of related industries and resource protection are receiving more and more attention.

from an industry perspective, after reaching a high point in 2022, rare earth prices have mostly shown a downward trend. in the first half of this year, the performance of related listed companies, including northern rare earth and china rare earth, mostly declined. however, rare earth prices experienced a significant rise in august this year.

industry analysts believe that with the steady growth of new energy vehicles and air conditioners and the gradual digestion of the negative impact of wind power product routes, there is a high probability that the prices of key products will return positively. prices of key rare earth varieties will continue to rise in september.

judging from the progress of listed companies, the increase in rare earth reserves is still advancing. in mid-september this year, china rare earth group announced that it had made a major breakthrough in prospecting in liangshan and expected to add 4.96 million tons of rare earth resources.

according to the statements of relevant staff in interviews, the rare earth resources mentioned above are still in the exploration stage and are still far away from actual mining. at the same time, the rare earth minerals found this time are light rare earths. in fact, compared with the reserves of rare earth minerals in the north and the total rare earth reserves at home and abroad, they are not particularly large. the future impact on the market will be relatively limited.

in addition, e company reporters also learned from baotou iron and steel group that currently, baotou iron and steel group is making every effort to promote the construction of "two rare earth bases", namely the country's largest rare earth new material base and the world's leading rare earth application base.

the relevant person in charge of northern rare earth stated that the rare earth industry is developing rapidly in the context of energy conservation and carbon reduction and new energy sources. although domestic rare earth prices have changed, upstream and downstream competition has intensified, industry innovation capabilities and green and intelligent levels have been rapidly promoted. resource exploration and industrial layout are accelerating, and the construction of foreign industrial chains is also accelerating.

regarding the future development of the rare earth industry, the person in charge of the aforementioned northern rare earth believes that on the occasion of the implementation of the "rare earth management regulations", it is necessary to strengthen intellectual property protection and technological innovation, integrate into international exchanges to seek cooperation in the field of high-end new materials, and accelerate the control of high-quality international rare earth resources. , promote the construction of rare earth reserve systems, and encourage equipment updates to promote the application of permanent magnet motors.