China to speed up strategic mineral reserve construction
China is accelerating the development of strategic mineral resource reserve facilities following new implementation rules for a 2024 law. The regulations establish a minimum five-year term for source reserves and prohibit unauthorized mining or encroachment on state-reserved materials.
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China issued regulations on Wednesday to accelerate the construction of strategic mineral reserve facilities and tighten control over critical resource stockpiles. The rules implement a 2024 law requiring a minimum five-year holding term for minerals kept at their source. State news agency Xinhua reported the announcement.
