Simplified: The Chinese government consolidated the rare earth element industry into six state-owned enterprises following the Twelfth Five-Year Plan in 2011.
Simplified: China's Twelfth Five-Year Plan announced in 2011 prioritized magnets phosphors hydrogen storage materials and abrasive polishing materials.
Simplified: China possesses a rare earth processing capacity of 220000 tonnes annually approximately five times the combined capacity of all other countries.