counting for about 80 percent of global supply. However, the country’s rare-earth industry is faced with such pro
blems as rapidly decreasing inventory, inefficient production and environmental pollution.
Analysts also said that the low prices of China’s exports have failed to reflect the real value of the precious resource.
The division of labor of the global rare-earth industry should be coo
rdinated in accordance with the principle of opening-up and sharing, the NDRC said.
While the country prioritizes the domestic use of rare-earth meta
ls, it is willing to see its exports help drive the development of global industries, it said.