Reported about 1 year ago
According to Xinhua News Agency, Chinese Premier Li Keqiang recently signed a State Council decree to announce the 'Rare Earth Management Regulations,' which will take effect on October 1st this year. The regulations stipulate that rare earth resources belong to the state, and no organization or individual may occupy or damage them. The new rules also involve supervision and inspection of activities related to rare earth mining and processing, reflecting the importance of rare earth elements in high-tech applications and the need for their protection and sustainable development.
Source: YAHOO