China government to subsidise environmental and efficiency upgrades of rare earths companies

By Antonio Torrisi
Published: Thursday, 10 July 2014

China government’s decision to subsidise rare earths producers, which pursue a technological upgrade, shows the commitment of the country to address energy-efficiency and environmental issue and to boost production of value-added products in the industry.

China’s government will offer subsidies torare earths producers, which commit to improve efficiency and environmental management, the Ministry of Finance and Ministry of Industry and Information Technology (MIIT) announced yesterday.

Beijing will award local governments which monitor systems for rare earths exploration and companies which have met national...

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