Foreign media: After China required enterprises to establish a product flow record system, the stock prices of many rare earth producers rose sharply

The Straits Times, August 25th: China has issued the "Interim Measures for the Control and Management of Total Quotas for Rare Earth Mining and Refining Separation". After requiring rare earth producers to establish a record system for the flow of rare earth products, the stock prices of many rare earth producers in China rose sharply on Monday (August 25th).

Shares of China Northern Rare Earth, listed in Shanghai, rose by nearly 10% at the close of trading. Shares of Zhejiang Zhongke Magnetic Materials, listed on the ChiNext board, had soared by 12% and closed up by 6.49%.

The China Rare Earth Group Resources Technology, which is listed on the main board of the Shenzhen Stock Exchange, saw its share price rise by 8.5% and close at a 6.19% increase. The share price of Jinli Yongan Magnet in Hong Kong soared by 18% and rose by 14.85% by 3:30 PM.

The Ministry of Industry and Information Technology of China released the above-mentioned interim measures on its official website last Friday (August 22nd). The measures stipulate that the state will implement total quantity control and management for the mining of rare earths (including rare earth mineral products, etc.) and for the smelting and separation of various rare earth mineral products (including monazite concentrate) obtained through mining, importation and processing of other minerals.

The Ministry of Industry and Information Technology, in conjunction with the Ministry of Natural Resources and the National Development and Reform Commission, based on the national economic development goals, the differences in national rare earth resource reserves and types, the development of the rare earth industry, ecological protection, market demand, and other factors, studies and formulates annual total control indicators for rare earth mining and rare earth smelting and separation. These indicators are submitted to the State Council for approval.

Rare earth production enterprises shall establish a record system for the flow of rare earth products, truthfully record the information on the flow of rare earth products, and enter the monthly rare earth product flow information into the rare earth product traceability information system established by the Ministry of Industry and Information Technology in conjunction with relevant departments before the 10th of each month.