Subsidy rare earth industrial policy content

Rare Earth Industry Subsidy Fund Management Measures Subsidy Fund Support The rare earth industry has adopted the method of substituting for awards and grants without compensation.

The policy is mainly to award one-time rewards to local governments that have completed the construction of a supervision system for rare earth mining. The amount of rewards generally does not exceed 20% of the project's actual investment. For rare earth mining and smelting enterprises that have passed the national environmental protection verification, a one-time award will be granted according to the enterprise production capacity approved by the Ministry of Industry and Information Technology for admitting rare earth enterprises. The reward standard is: mining selection 1000 yuan/ton (according to rare earth oxide REO ), smelting separation 1500 yuan / ton (based on rare earth oxide REO dollars), metal smelting 500 yuan / ton. R&D projects for rare earth common key technologies and standards R&D and high-end application technology R&D projects shall be funded in a non-repayable way. The amount of funding shall generally not exceed 40% of the project's R&D expenses, and the annual support amount for a single project shall not exceed 10 million yuan. For the rare earth high-end application technology industrialization projects, a non-financial subsidy method is adopted, and the quota does not generally exceed 20% of the company's investment in the previous year in the budget year. The annual support amount for a single project does not exceed 50 million yuan.

I believe that the introduction of this policy will give companies a lot of opportunities.