China plans strategic reserves for rare metals

The People’s Daily Online.com reports that the Chinese government is considering a plan to build reserves of ten metals, among them: rare earth, tungsten, antimony, molybdenum, tin, indium, germanium, gallium, tantalum and zirconium.

The story is quoted as saying:

China is rich in some of the 10 rare metals, such as rare earth, tungsten, and antimony, but it has neither properly exploited nor economically used these resources over the past many years. The long-standing unlicensed exploitation, indiscriminate mining and serious waste of resources have caused serious damage to ecosystems near mines.

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