The reserves of China's rare earth account for about 23% of the total world reserves. In 2012, the annual production volume of China's rare earth accounted for over 85% of the total world production volume. The production volume of China's rare earth permanent magnet exceeded 80% of the world one, becoming the world largest production base of rare earth permanent magnet as well as the important application market of rare earth permanent magnet. According to Huidian Research, China plans to achieve the goal that the carbonate dioxide emissions per unit of GDP reduced by 40%-50% compared with 2005 by 2020. …
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