Can selling exploration rights solve China’s graphite industry...

Can selling exploration rights solve China’s graphite industry problems?
By ALBERT LI
Published: Monday, 23 March 2015


The recent auctions of Heilongjiang’s exploration rights in Jixi have been given a mixed reception by the industry. Proponents of the new system believe that it will help solve the issue of profiteering by powerful companies and promote the development of further processing, while others feel that it is a risky strategy that inflates the price of mineral reserves.

In February this year, China’s first graphiteexploration rights auction was held in Jixi City by the Heilongjiang provincial Ministry of Land and Resources and the Jixi municipal government.

The auction was the first example of 'resource marketisation’ in the Chinese graphite industry and marked a move away from the usual...

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