The rare earth index reflects the market trend of rare earth stocks in China. The development of rare earth futures is relatively stable, and rare earth resources are very scarce and non-renewable. But in China, rare earth resources are mainly concentrated in North China, Northeast China, East China, Central South and other places. Rich in rare earth resources, the reserves rank among the top in the world.

Future Development of Rare Earth Industry in China

According to the data released by USGS, the total amount of rare earth minerals in the world has reached 2 10000 tons in 20 19 years, of which only China produces rare earth minerals, with the output reaching 130000 tons. China is the largest producer of rare earth minerals in the world, accounting for 63% of the total output. The development of concept stocks in the rare earth industry is relatively stable. However, in the past ten years, the output of rare earth in China is also declining, and rare earth resources are becoming more and more precious. The country also attaches great importance to the green development and utilization of resources. Therefore, the government of China has taken a series of measures and formulated new laws and regulations to restrict blind and uncontrolled rare earth mining, thus limiting the total output. In addition, affected by the epidemic, the output of rare earths may continue to decline in the next few years.