Govt to boost supervision of rare earth industry

China, the world's largest producer of rare earths, will take key measures in a new push to better exploit rare earth resources, rectify market order and improve management of the market, said the country's top economic regulator.

The National Development and Reform Commission recently held an expert symposium, which discussed the country's efforts to improve the industrial structure, protect resources and raise the scientific and technological levels of rare earth exploitation.

Experts attending the seminar said rare earth is an important strategic resource for modern industry as well as a key basic material for transforming traditional industries and developing emerging sectors.