Establish a national strategic reserve
Although new rare earth resources have been discovered in China in recent years, with the discovery of rare earth mines in other parts of the world, the proportion of rare earth in the world's rare earth reserves has been decreasing. This fact tells us that if the rare earth strategic reserve system is not established as soon as possible, with the development of rare earth resources, China's advantages in rare earth resources will disappear. In case of emergency, the supply of rare earth resources will be interrupted, which will seriously affect the national economic security and national defense security. In order to deal with emergencies, we must strengthen macro-control and establish a rare earth strategic mineral reserve system as soon as possible. Specific practices are as follows:
First, speed up the legislation of rare earth strategic resources reserve, and define the variety, quantity, time, method and responsible institution of rare earth reserve by law. The reserve method can learn from some advanced experiences of the United States, Japan and other countries. For example, Japan adopts a combination of centralized and decentralized reserves of enterprises; Second, strengthen the state's exploration and development of strategic rare earth resources and policy guidance; Third, increase the cost of rare earth resources investigation and exploration to ensure the smooth progress of rare earth resources exploration; Fourth, set up a special rare earth resource reserve organization similar to the Rare Earth Resource Reserve Committee, and endow it with the functions of formulating the national reserve plan, organizing and coordinating the exploration, reserve, development, supply, loan, taxation and legislation of strategic mineral resources.
Establish and improve the futures trading market.
China's rare metal trading market is developing slowly, and it is still in the primary stage. The main varieties traded in Shanghai Futures Exchange are metals, and rare metals are not included. The lagging development of related futures markets also restricts China's control over pricing power as the largest producer of rare metals. In February of this year, the London Metal Exchange launched molybdenum and cobalt futures, which further stimulated the "nerve" of China, the second largest molybdenum reserve country, and watched China's superior resource varieties become the targets of forex futures trading. Fortunately, the platform established in Tianjin Rare Metals Trading Market in 2008 will become an important town for China to compete for the international pricing power of rare metals, which may make Tianjin an international trading center and pricing center for rare metals. The standard warehouse receipt contract transaction shall be implemented in the rare exchange market, with a contract margin of not less than 20% and a term of not more than 6 months. On February 25th, indium, the first variety in the rare market, began to be listed and traded, and * * * launched five contracts with different terms, followed by tungsten, molybdenum and other varieties, striving to launch most rare metal varieties mainly produced in China within three years.