The development of rare earth industry should focus on the industrial chain layout and innovation chain.

Published: Jul 28, 2020 08:19

SMM News: recently, the Ministry of Industry and Information Technology approved the establishment of the National rare Earth functional Materials Innovation Center by Guo Ruike Chuang rare Earth functional Materials Co., Ltd. The innovation center is jointly organized by the Department of Industry and Information Technology of Inner Mongolia Autonomous region and the Department of Industry and Information Technology of Jiangxi Province to jointly set up key rare earth enterprises in the north and south and colleges and universities. the construction plan has been demonstrated and approved by experts.

It is reported that this innovation center will focus on the fields of rare earth magnetism, luminescence, catalysis, alloy and other functional materials and the recovery and utilization of rare earth secondary resources, focusing on the integrated technology of design, processing, and manufacturing of high-end rare earth functional materials, the key technology of batch preparation of new rare earth materials, and the development and application technology of cutting-edge rare earth new materials. To create a new innovation platform that integrates research and development of key common technologies, pilot incubation, testing and verification, and transfer and transformation of results.

Objectively speaking, although China's rare earth industry has become an important industry from small to large and the industrial chain is becoming more and more perfect, the main products are still mainly in the middle and low end, and lack of innovation in the field of high-end application. Moreover, the scale of rare earth enterprises is generally small, the overall automation technology of technology, technology and equipment is weak, and the standardized and standardized operation process of product production also needs to be strengthened. there is a big gap in quality stability and consistency compared with similar foreign enterprises.

In order to solve this problem, we must concentrate on the advantages of industry-university-research, lay out the innovation chain around the industrial chain, and promote the innovation ability of rare earth industry. At present, the key to the development of China's rare earth industry is the extension of the industrial chain, focusing on how to do well the functional materials and their high-end applications, and improve the product quality. Therefore, it is a pioneering work for the innovation and development of the rare earth industry to concentrate the advantages of industry-university-research and set up an innovation alliance.

Rare earth is not only an important strategic resource, but also a non-renewable resource. it is necessary to take the rare earth industry as a national important weapon and strategic industry, and speed up the research and development of core technologies with independent intellectual property rights. we will transform the advantages of resources into the advantages of scientific and technological innovation, industrial transformation and upgrading, and economic and social development.

In the next ten years, China will make breakthroughs and development in ten key areas, while rare earth materials will play an important and irreplaceable role in the new generation of information technology, high-end CNC machine tools, robots, aerospace, marine engineering and other fields. The development goal of China's rare earth industry is to enter the development stage of high-end applications and high value-added products by 2020, giving full play to the strategic value of rare earth application functions.

The layout of the innovation chain around the rare earth industry chain is intended to promote the innovation chain with efficient service industry chain, realize the rapid transfer and transformation of innovation achievements and promote the transformation and upgrading of the industrial structure. Innovation is a systematic project. Innovation chain, industrial chain, capital chain and policy chain are intertwined and supported each other. It is not enough for reform to be carried out in one link or several links. It must be fully deployed and unswervingly promoted.

At the same time, the layout of the industrial chain around the innovation chain, emphasizing the leading role of science and technology, is intended to promote the close combination of science and technology and economy. After all, science and technology not only shoulder the important task of discovering and pursuing truth, but also actively provide high-quality science and technology supply to the industrial field, and transform the value of science and technology into real economic value.

The rare earth industry is a sunrise industry, and every step forward needs to be supported by technological breakthroughs. At present, government departments, enterprises, and scientific research institutes have mobilized the forces of industry-university-research one after another to make breakthroughs in the basic research of rare earths and the research and application of key technologies as soon as possible, so as to promote the establishment of a convergent development trend among the main bodies of industry-university-research-use. we will promote the deep integration of industrial chain, innovation chain and capital chain, improve the service system for the development of rare earth industry, effectively promote the industrialization of scientific research achievements, and support the high-quality development of domestic rare earth industry.

Scan the code to apply to join the SMM industry communication group:

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Yingkou Jianfa Shenghai Phase I 300,000 mt Copper Cathode Project Smelting Furnace Starts Production, Pyrometallurgy System Enters Furnace Drying Stage
17 hours ago
Yingkou Jianfa Shenghai Phase I 300,000 mt Copper Cathode Project Smelting Furnace Starts Production, Pyrometallurgy System Enters Furnace Drying Stage
Read More
Yingkou Jianfa Shenghai Phase I 300,000 mt Copper Cathode Project Smelting Furnace Starts Production, Pyrometallurgy System Enters Furnace Drying Stage
Yingkou Jianfa Shenghai Phase I 300,000 mt Copper Cathode Project Smelting Furnace Starts Production, Pyrometallurgy System Enters Furnace Drying Stage
At 9:58 on September 12, the core smelting furnace of the pyrometallurgy system at Yingkou Jianfa Shenghai Nonferrous Metals & Chemicals Co., Ltd.'s multi-metal recovery project was successfully ignited, officially entering the furnace drying stage and marking a key step toward full-line commissioning and production. Public information shows that the Yingkou Jianfa Shenghai polymetallic complex gold-silver ore comprehensive recovery technology upgrade, relocation, and expansion project uses copper concentrates as its main raw material, with an overall planned capacity of 600,000 mt/year of copper cathode to be built in two phases, with capacity of 300,000 mt/year in each phase. Phase I is designed to produce 300,000 mt/year of copper cathode and 1.18 million mt/year of sulphuric acid, along with supporting systems for smelting, converting, anode refining, electrolysis, slag beneficiation, and precious metal recovery. After this ignition, the project will carry out standardized furnace drying and hot-state integrated trial runs across the entire system to verify equipment, instruments, interlocks, and automatic control systems. The project has not yet formally started raw material feeding and production; after furnace drying and system commissioning are completed, it will further advance the commissioning of Phase I's 300,000 mt/year copper cathode capacity. If the project is successfully brought into production, it is expected to increase copper smelting capacity in North China and further boost domestic demand for copper concentrate raw materials.
17 hours ago
Alchemy Resources Starts Drilling Copper-Gold Targets at Yellow Mountain
Sep 12, 2026 01:13
Alchemy Resources Starts Drilling Copper-Gold Targets at Yellow Mountain
Read More
Alchemy Resources Starts Drilling Copper-Gold Targets at Yellow Mountain
Alchemy Resources Starts Drilling Copper-Gold Targets at Yellow Mountain
Alchemy Resources announced on September 11 that reverse-circulation drilling has commenced across its Yellow Mountain and Overflow projects in New South Wales, Australia, with up to 15 holes planned during the latest exploration campaign.​ At the 80%-owned Yellow Mountain project, drilling will test extensions to previously identified copper-gold and polymetallic mineralisation, as well as two previously undrilled geophysical targets.​ Previous drilling at Yellow Mountain returned an intersection of 113 metres grading 1.17% copper equivalent, comprising 0.33% copper, 0.37 g/t gold, 24.3 g/t silver, 0.86% lead and 1.23% zinc. The latest drilling campaign is designed to test whether the known mineralised system extends into newly identified target areas.​ The program will also include drilling at the Overflow project, where Alchemy is targeting extensions to existing mineralisation along strike and at depth. Overflow currently hosts an inferred mineral resource of approximately 342,000 ounces of gold equivalent and contains gold, silver, copper, lead and zinc mineralisation.​ The commencement of drilling provides a near-term test of the scale and continuity of mineralisation at Yellow Mountain. The previously reported broad copper-gold-polymetallic intersection indicates potential for a sizeable mineralised system, while the newly defined geophysical targets provide additional exploration upside. Drilling results will be important in determining whether the mineralised footprint can be materially expanded.
Sep 12, 2026 01:13
Freeport CEO Signals Likely Go-Ahead for $4.5 Billion Bagdad Copper Expansion
Sep 12, 2026 01:10
Freeport CEO Signals Likely Go-Ahead for $4.5 Billion Bagdad Copper Expansion
Read More
Freeport CEO Signals Likely Go-Ahead for $4.5 Billion Bagdad Copper Expansion
Freeport CEO Signals Likely Go-Ahead for $4.5 Billion Bagdad Copper Expansion
Freeport-McMoRan Chief Executive Officer Kathleen Quirk has indicated that the company expects to move forward with the proposed expansion of its Bagdad copper mine in Arizona, marking a stronger commitment to the project ahead of a formal investment decision. Speaking at the Jefferies Global Industrials Conference on September 10, Quirk said the project still requires input from Freeport's board but that she expects the company will proceed. She described the expansion as a roughly three-year construction project and noted that no major permitting hurdles are expected. Freeport's latest project estimates put capital expenditure for the Bagdad expansion at approximately US$4.5 billion, around 30% above the previous US$3.5 billion estimate, reflecting cost escalation, scope changes and additional engineering. The project would more than double concentrator capacity at Bagdad and is expected to add approximately 200–250 million lb, or around 91,000–113,000 tonnes, of copper production annually, alongside an additional 10–12 million lb of molybdenum. Bagdad currently has a reserve life exceeding 80 years. Freeport's Q2 2026 regulatory filing had described the project as being prepared for a potential investment decision during the second half of 2026. The latest comments therefore represent a more positive signal from management on the likelihood of development, although formal board approval has not yet been announced. A decision to proceed with Bagdad would represent one of Freeport's most significant near-term copper growth investments in the US. The potential addition of more than 90,000 tonnes per year of copper would materially increase Freeport's US output, although first production would remain several years away given the expected construction period. Attention will now turn to formal board approval and a final investment decision.
Sep 12, 2026 01:10