On November 12, the Ministry of Industry and Information Technology announced the first batch of companies to be announced that meet the conditions for entry into the rare earth industry. There are only seven companies that have entered the first batch. Including Baogang Rare Earth Holding Company, Gansu Rare Earth New Material Co., Ltd., Dingnan Dahua New Material Resources Co., Ltd., Jixian Hongjin Rare Earth Co., Ltd., Zibo Lingzhi Chemical Co., Ltd., Zibo Jiahua New Material Resources Co., Ltd., and Jinzhou Kunhong. New Material Industry Co., Ltd. These companies have strong scale and technical strength. The industry believes that such a high standard reflects the intensity and determination of the competent authorities in the treatment of rare earth industries. The situation of the “small scattered†rare earth industry is expected to change.
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