Sichuan Issues Guideline For High-Quality Development Of Vanadium-Titanium Steel And Rare Earth Industries

Sichuan Provincial Economic and Information Department recently issued the Guide for High-quality Development of Vanadium-titanium Steel and Rare Earth Industries in Sichuan, aiming at basically forming a modern industrial system by 2025, including to increase the strategic resource mineral recovery rates of vanadium and titanium to 55% and 35% respectively, and realize a comprehensive recovery rate of 75% for iron resources; to build the country’s largest overseas rare earth processing base; to promote joint restructuring, increase industrial concentration, and cultivate a number of internationally competitive vanadium-titanium steel and rare earth conglomerates. The scale of the two industries above mentioned was designed to reached more than RMB600 billion (about USD87.1 billion) by then.