As per some of our earlier posts, Rare Earth oxides are very important to many countries, let alone many companies. The association in China will be attached to the Ministry of Industry and Information Technology and service Chinese rare earth companies on rare earth production, market research, industry regulation, trade friction warning and other topics.

The association will also play as a bridge between rare earth companies and government as well as between Chinese and overseas rare earth markets. It will also have an influence on important factors in the industry, such as export prices and quotas.

Sources reported that market regulation in the rare earth industry would be the key problem to be settled after the association is launched.