MIIT also released an update on the elimination of outdated and excess capacity in China in October. Up to 13.78m tonnes of iron, 17.06m tonnes of steel, 49.74m tonnes of cement, 714,500 tonnes of flat glass, 1,67m tonnes of paper, 2.6m standard sheets of leather, 1.21m metres printing and dying industrial capacities were eliminated in 2015.
He stated that in the soon to be announced rare earth development plan 2016-2020, a key topic will be the usage of rare earths in environmental fields such as denitration in waste gas in kilns and vehicle exhaust purification. Applications including cerium-based catalysts and waste gas volatile organic compound (VOC) combustion catalyst technology are both listed as main directions of development.
[Meng Feng] added that rare earth catalysts have become the fastest-growing application in rare earth materials as they are efficient, non-toxic and recyclable. In China, cerium oxide as light rare earth is mainly produced in Inner Mongolia but its price is lower than heavy rare earth produced in the south of the country.
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