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2019 China's rare earth industry boom index officially released
Published:2019-9-27
  On September 20, 2019, China's rare earth industry boom index was released at the China Baotou Rare Earth Industry Forum. The index will help the "rare earth capital" -- Baotou will become a rare earth industry information distribution center, speed up the information process of the rare earth industry, and enhance China's rare earth international influence.
  China's rare earth industry boom index has been published for two consecutive years. It was jointly compiled by the China Economic Information Society and the Baotou rare earth product exchange. The index can effectively support the performance of the rare earth market in the past, reflect the current market activity, and predict the future trend to a certain extent. It provides decision reference for market participants, decision makers and government managers to promote the healthy and orderly development of rare earth industry in China.
  China's rare earth industry boom index for the second half of 2019 was 123.55, higher than the 100-point boom line and in the "boom" range, up 22.47 points, or 22.22 %, from last year, according to China's rare earth industry boom report 2019. In terms of the six first-level indicators, the market performance index scored the highest, 143.55 points. This indicator was also the largest increase in the comparison of the two-year evaluation results, which rose by 45.63 points, an increase of 46.60 %. The second highest scoring indicator is technological innovation, which is 129.03 points, reflecting the high importance companies attach to independent intellectual property rights and core technology research and development.
  China's rare earth industry boom index is an important part of China's rare earth series of indices. The series also includes China's rare earth price index and China's rare earth industry development index. The three indices provide large-scale data development guidelines for the industry from Micro to macro levels, and create a rare earth industry barometer. Taking China's rare earth series index as a guide, it can accelerate the informatization and internationalization of rare earth industry and enhance the international influence of rare earth industry in China. (Excerpt from Rare Earth Online)

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