The lack of technology in China's rare earth industry severely restricts its healthy development

According to the news, the Chinese Ministry of Commerce recently stated that China's current rare earth issue has further need for management. China's simultaneous implementation of three policies, including export quotas, export tariffs, and enterprise export qualifications, is very important for China to manage rare earth exports. This year, China has increased tariffs on export rare earth by 15%-20%, and further strengthened the qualification management of rare earth export enterprises.

In recent years, due to environmental and resource protection reasons, China has increased efforts to rectify the rare earth industry and restricted the disorderly export of rare earths, which has had a major impact on the supply and demand of international rare earths. However, the industry believes that in the international division of the rare earth industry, China is still playing the role of rare earth resource output. Although it has mastered the pricing power of raw materials, it still has no right to speak in the development of rare earth industry.

At present, although China has many original rare earth smelting and purifying technologies, the core patents for rare earth functional materials are basically monopolized by foreign countries. Since 1985, there have been more than 4,288 patents for applying for rare earths in China, including 2,188 patent applications from foreign companies, accounting for more than 51% of the total number of rare earth patents. More than half of the rare earth intellectual property rights are in the hands of foreign companies, and patent barriers have become a serious constraint to the healthy development of China's rare earth industry.

Only when China's R&D level is raised can it break the technical barriers abroad. At present, China needs to do a good job in the planning of rare earth deep processing industry, increase support for scientific and technological innovation, and continue to encourage enterprises to develop products with higher performance in the future.

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