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China to stockpile large volumes of minerals under new plan

By Albert Li
Published: Wednesday, 07 December 2016

Rare earths and graphite are to be warehoused in quantities at least 80% of the country’s domestic capacity as China looks to secure supply of materials where demand is on the rise.

China will build 103 national resource bases to secure its supply of certain minerals under the new China Mineral Resource Plan 2016-2020.

By 2020, quantities of graphite and rare earths stocked in these bases must exceed 80% of China’s domestic capacity in each mineral, in order to hold a steady "bottom line"...

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