Saturday, February 21, 2009

Chinese government adds Mn, Cr, W ,SB,IN and so on to strategical stockpiles

The Central Government of China announced on the 7th of January to accelerate the Whole Country Mineral Resources Plan (2008 – 2015). In addition to such tightened mineral materials as oil and so on, several items will be supplemented for strategical stockpiles.

According to this plan, in addition to oil and special grade coal, such important mineral resources as coal, copper, chrome, manganese, tungsten, rare earths, and so on, supplies of which have tightened, are supplemented for strategical stockpiles. At the same time, the Government will complete the mechanism to control and operate the stockpiles, in order to connect important mineral materials with its resources, and promote the scheme for strategical stockpiles through rational allotments by enterprises.

This plan for strategical stockpiles to be promoted in China is to set up a similar organization to that, which Japanese Government has already organized in cooperation between officials and people to stockpile important mineral materials and to operate them, and it is thought that Chinese Government has also aimed to stockpile strategical mineral materials as mentioned above and to operate them. – TEX Report

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