• 6 minutes U.S. Shale Oil Debt: Deep the Denial
  • 12 minutes Knoema: Crude Oil Price Forecast: 2018, 2019 and Long Term to 2030
  • 17 minutes WTI @ $75.75, headed for $64 - 67
  • 2 hours Trump vs. MbS
  • 41 mins Nuclear Pact/Cold War: Moscow Wants U.S. To Explain Planned Exit From Arms Treaty
  • 3 hours Why I Think Natural Gas is the Logical Future of Energy
  • 3 hours Merkel Aims To Ward Off Diesel Car Ban In Germany
  • 30 mins A $2 Trillion Saudi Aramco IPO Keeps Getting Less Realistic
  • 8 hours Get on Those Bicycles to Save the World
  • 14 hours Can “Renewables” Dent the World’s need for Electricity?
  • 1 day The Dirt on Clean Electric Cars
  • 14 hours Satellite Moons to Replace Streetlamps?!
  • 1 day Owning stocks long-term low risk?
  • 5 hours Long-Awaited Slowdown in China Exports Still Isn’t Happening
  • 17 hours Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 8 hours Can the World Survive without Saudi Oil?
Alt Text

Busting The Lithium Bubble Myth

Lithium demand continues to grow…

Alt Text

Lithium Plunging As Chinese EV Production Slows

China’s electric car subsidy changes,…

EcoSeed

EcoSeed

Ecoseed’s mission is to provide global, complete, innovative, and up to date news, information, resources, and opportunities, catalyst to incorporate environmental awareness and responsibility into…

More Info

Trending Discussions

China's Rare Earth Industry Coming under Greater Environmental Scrutiny

China is planning to launch environmental checks for the rare earth industry this year to ensure environmental protection – a move that has been met with criticism from the local industry.

According to a statement made by the Ministry of Environmental Protection last April, China plans to launch a string of environmental checks for the rare earth industry that will impose higher environmental standards on them, reported China Securities Journal.

The ministry noted that local environmental departments will not approve environmental evaluation reports for new projects by companies that cheat or do not pass the checks.

These checks will include self-checks by the companies themselves, preliminary checks by provincial environmental protection authorities, and final checks by the ministry.

In anticipation of its launch, the industry is reportedly busy upgrading their production equipment and installing environmental protection systems to meet the future standards to be set by the country. The deputy secretary-general cited that recent price hikes in rare earth metals provided companies with the capital to upgrade their production techniques.

However, according to industry representatives, the effects of the environmental protection checks might be weakened as the ministry has not issued detailed penalty rules and that these measures taken by the government barely poses a threat to those companies that have no plan to expand production or go public.

In addition, they pointed out that the ministry has yet to standardize pollutant discharge techniques of the rare earth industry. This lack of authoritative instructions may also lead to an adverse impact on the effects of the checks.

These rare earth minerals, which are often used in smart phones and hybrid vehicles, cause heavy environmental pollution due to exploration methods.

Earlier this month, the Ministry of Industry and Information Technology responded to allegations that the Chinese government was manipulating rare earth prices, with Zhu Hongren, the chief engineer and spokesman for the ministry, saying that the prices were formerly low and are now just reflecting market conditions, reported China Daily.

The chief engineer said that it was a misunderstanding that Chinese government manipulation had caused the surge in prices.

When it comes to world supply of rare earth minerals, China supplies more than 90 percent of them, but controls only about 36 percent of the world’s deposits.

Industry experts said that more and more countries are exploring their own supply of rare earth metals – a solution that can help ease tight-supply situations and ease demand. (L.J. Polintan)

By. Ecoseed




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News