China’s Crackdown on Illegal Mining and Supply to Result in Long
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As the world’s largest producer of tech metals, China provides more than 90% of global supplies.

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China s crackdown on illegal mining and supply to result in long term shortage of tech metal minerals

China’s Crackdown on Illegal Mining and Supply to Result in Long

Term Shortage of Tech Metal Minerals


China s crackdown on illegal mining and supply to result in long term shortage of tech metal minerals

As the world’s largest producer of

tech metals, China provides more

than 90% of global supplies. The

consolidation in the Chinese tech

metals industry, coupled with a

state-sanctioned crackdown on

illegal mines in the country, is

expected to result in a further

increase in tech metal shortage in

the near future.

China’s

authorities with Ministry of

Industry

and

Technology (MIIT) and Ministry

of Land and Resources involved,

have jointly launched a special

campaign at the end of last year

to crack down illegal mining,

trading

and

technology metals.

eight

government

Information

production

of


China s crackdown on illegal mining and supply to result in long term shortage of tech metal minerals

Technology metals are only a tiny market, but they are critical to ensure the

sustainable development of high-tech industries and international defense

engineering. Tech metals have broad applications across a number of industries,

and tech metal producers are considered important components of the global

economy.


China s crackdown on illegal mining and supply to result in long term shortage of tech metal minerals

The technology metals prices globally are expected to rise again amid expectations

that impending stricter environmental rules will again limit the supply. Therefore,

investing in technology metals will be a good play for wise investors as demand

for tech metals remain high and supply remains restricted due to China’s plans to

improve technology metal pricing.


China s crackdown on illegal mining and supply to result in long term shortage of tech metal minerals

“The tech metal prices should gradually upsurge in the long term, as a result of

limited supply for technology metals as well as China’s government

consolidation and integration on tech metal resources”, forecasts Galaxy

Magnets, the biggest manufacturer of bonded NdFeB magnets in the world.

China will seriously crack down on illegal sewage; illegal companies will be

blacklisted and also be published. Market sources believe that the move means

that the crackdown on illegal mining and supply in China will be further

strengthened which is favorable for the market regulation and higher tech metal

prices.


China s crackdown on illegal mining and supply to result in long term shortage of tech metal minerals

Dubai, UAE

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