2016年CRI China to Complete Rare Earth Industry Restructuring by Mid-2016

 

China is the world's largest producer and exporter of rare-earths.

These are elements which are critical to the manufacturing of high-tech¹ products, including smartphones, wind turbines and car batteries, among other things.

However, the rare-earth industry in China is beset² with long-existing problems such as illegal mining and smuggling³.

Chen Zhanheng, Vice⁴ Secretary General of China's Rare Earth Industry Association, says the core issue they need to deal with is excess capacity.

"But beyond excess capacity, illegal mining and illegal production also have a huge impact on the industry. Certain raw ores are illegally dumped off by individuals as recyclable materials, then later extracted. This has formed an illegal industry chain which has a very bad influence on the development of China's rare earth industry. So, we need to crack down on that. "

Prices for most rare earths extracted in China dropped by around 10 percent last year due to companies flooding the market due to over capacity.

Xin Guobin, China's vice-Minister of Industry and Information Technology, has told a symposium⁵ that consolidation⁶ is already underway.

"To deal with current problems in China's rare earth industry, we are consolidating⁷ and upgrading the industry in terms of production and mining procedures. So far, three firms have already formed rare-earth blocs⁸, while another three are still working on it."

In 2014, the Chinese government singled-out six different rare-earth industry leaders, promising⁹ them support to create large rare-earth producers by buying-up small-scale operations.

Xin Guobin says it’s the government's hope this will be completed by the summer.

"By the end of June, we must complete the consolidation of all rare earth mines and firms in China. While this happens, we will continue to work with the companies through our various ministries¹⁰ to support the newly-formed rare-earth blocs, especially those who finish their consolidation on time. "

The Ministry¹¹ of Industry and Information Technology expects there will be a reduction of rare-earth smelting¹² this year through improved output controls and increased competitiveness.

Authorities also say the rare-earth industry in China will have the world's best technology in use by the end of 2020.

For CRI, I am Wang Mengzhen.

1 high-tech   

adj.高科技的

参考例句：

• The economy is in the upswing which makes high-tech services in more demand too.经济在蓬勃发展，这就使对高科技服务的需求量也在加大。
• The quest of a cure for disease with high-tech has never ceased. 人们希望运用高科技治疗疾病的追求从未停止过。

2 beset   

v.镶嵌；困扰，包围

参考例句：

• She wanted to enjoy her retirement without being beset by financial worries.她想享受退休生活而不必为金钱担忧。
• The plan was beset with difficulties from the beginning.这项计划自开始就困难重重。

3 smuggling   

n.走私

参考例句：

• Some claimed that the docker's union fronted for the smuggling ring.某些人声称码头工人工会是走私集团的掩护所。
• The evidence pointed to the existence of an international smuggling network.证据表明很可能有一个国际走私网络存在。

4 vice   

n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的

参考例句：

• He guarded himself against vice.他避免染上坏习惯。
• They are sunk in the depth of vice.他们堕入了罪恶的深渊。

5 symposium   

n.讨论会，专题报告会；专题论文集

参考例句：

• What have you learned from the symposium?你参加了这次科学讨论会有什么体会？
• The specialists and scholars present at the symposium come from all corners of the country.出席研讨会的专家学者们来自全国各地。

6 consolidation   

n.合并,巩固

参考例句：

• The denser population necessitates closer consolidation both for internal and external action. 住得日益稠密的居民，对内和对外都不得不更紧密地团结起来。 来自英汉非文学 - 家庭、私有制和国家的起源
• The state ensures the consolidation and growth of the state economy. 国家保障国营经济的巩固和发展。 来自汉英非文学 - 中国宪法

7 consolidating   

v.（使）巩固， （使）加强( consolidate的现在分词 )；（使）合并

参考例句：

• These measures are meant for consolidating the system of basic medical care. 这些举措旨在夯实基层医疗体系，让老百姓看大病不必出远门。 来自互联网
• We are consolidating the Chinese and English versions of our homepage. 我们将为您提供中英文版本一起的主页。 来自互联网

8 blocs   

n.集团，联盟( bloc的名词复数 )

参考例句：

• The division of Europe into warring blocs produces ever-increasing centrifugal stress. 把欧洲分为作战集团产生了越来越大的离心效果。 来自《简明英汉词典》
• The policy of the two blocs was played out. 把世界分为两个集团的政策已经过时了。 来自辞典例句

9 promising   

adj.有希望的，有前途的

参考例句：

• The results of the experiments are very promising.实验的结果充满了希望。
• We're trying to bring along one or two promising young swimmers.我们正设法培养出一两名有前途的年轻游泳选手。

10 ministries   

（政府的）部( ministry的名词复数 )； 神职； 牧师职位； 神职任期

参考例句：

• Local authorities must refer everything to the central ministries. 地方管理机构应请示中央主管部门。
• The number of Ministries has been pared down by a third. 部委的数量已经减少了1/3。

11 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。

12 smelting   

n.熔炼v.熔炼，提炼（矿石）( smelt的现在分词 )

参考例句：

• a method of smelting iron 一种炼铁方法
• Fire provided a means of smelting ores. 火提供了熔炼矿石的手段。 来自辞典例句