China to Build Strategic Reserve for Rare Metals

China is working on a plan to launch a strategic reserve mechanism for ten precious metals including rare earth, tungsten, antimony, molybdenum, tin, indium, germanium, gallium, tantalum and zirconium. The purpose is to reverse a trend in which rare metals exploitation in China has long been unregulated, and illegal mining has been widespread. The plan is now in a stage of final review.