High inventory is a difficult problem in non-ferrous metal industry. Due to the small demand and enterprise inventory, the market of small metal varieties such as tungsten, antimony and rare earth has been sluggish for a long time. The Ministry of Land and Resources issued the Notice on the Control Indicators of the Total Mining Amount of Tungsten, Antimony and Rare Earth Mines in 2009 (hereinafter referred to as the Notice), which not only clarified the total mining amount of tungsten, antimony and rare earth mines, but also implemented the total mining amount management for antimony mines for the first time, and suspended the application for exploration and mining rights for protective mining of three specific minerals until June 30, 20 10. Tungsten, antimony and rare earth are rare dominant minerals in China. 199 1 year, the State Council listed tungsten, tin, antimony and ionic rare earth as specific minerals for national protective mining. In order to further protect these advantageous minerals, China has implemented a total mining control policy, and made an overall plan for the annual mining amount of rare earth and tungsten, so as to raise the price of mineral products and strive for the right to speak in the international market. China is the largest producer of antimony ore in the world, with proven reserves of 2.46 million tons (metallic antimony), accounting for 55.8% of the world. The Notice listed antimony ore in the management sequence of total mining control. Although China has controlled the total exploitation of tungsten and rare earth, the output of tungsten and rare earth in the market is still far higher than the market demand. Take tungsten concentrate as an example. At the beginning of 2008, 66,850 tons of tungsten concentrate (containing 65% tungsten trioxide) were controlled nationwide, and state-owned mines did not exceed the target. However, "according to the output of tungsten downstream products, the output of tungsten concentrate in China market is at least120,000 tons, which is twice the total control." An industry insider who asked not to be named pointed out. Since the total amount of mining is completely controlled, where does the tungsten with more mining quotas come from in the market? Generally speaking, these "surplus" tungsten concentrates come from domestic private tungsten mines and are imported from abroad. Tungsten is a national protected mineral, and the mining license is issued strictly and prudently. Since 2002, China has implemented total tungsten mining control and suspended the issuance of tungsten mining licenses for six years. It is understood that relatively speaking, the approval of aluminum mines is not so strict, so there has been a phenomenon of "selling dog meat by hanging sheep's head": enterprises hold the right to mine aluminum mines, but in fact mine "associated mines" tungsten concentrates. Ganzhou City, Jiangxi Province is the largest producer of tungsten concentrate in China, and Dayu County is known as the "Tungsten Capital of the World", including state-owned enterprises, with a total of 19 tungsten mining licenses. In Dayu county, the state-owned enterprise mines have been in service for a long time and their grades have declined, so they have not taken over the mines. State-owned enterprises have been surrounded by private enterprises, and the pressure of prospecting is enormous. In addition, in order to avoid the restriction of mining license, some enterprises adopt the hidden operation mode of "exploration instead of mining", and tungsten concentrate is "explored". In this way, under multi-head mining, tungsten concentrate flows into the market excessively. In addition to domestic tungsten concentrate, there are also imported products. Some enterprises located in the bonded area imported tungsten concentrates from Vietnam, Russia and other countries, which further boosted the domestic tungsten concentrate market inventory. In addition to tungsten, the scene of antimony mine is also roughly the same. There are numerous pits, large and small, around Xing Shan Antimony Mine in Xikuangshan, Hunan Province. The original tin mine was like a "fat cow", and now the only antimony mine that can be used is "cow's tail". In addition, smuggling of antimony ore is rampant, which further worsens the antimony market. It is generally believed in the industry that even without the financial crisis, China's tungsten, antimony and rare earth markets will definitely experience a "disaster", and the financial crisis will accelerate on this day. The total amount of interest game is controlled to reduce exploitation. Who controls exploitation? The above-mentioned insiders believe: "Total mining actually limits the mining capacity of state-owned mines, while private enterprises are favored and supported by local governments." State-owned mines are supervised by functional departments at all levels, and the production and operation of enterprises are carried out in strict accordance with the annual mining indicators. The production task of local private enterprises depends entirely on the market. Whenever the market demand is strong, the output will increase. Some private enterprises report or miss the output, and the real output is difficult to be supervised. Therefore, the total amount control puts a "tight spell" on state-owned enterprises, while private mines are not bound by this policy. Mineral resources are owned by the state, which is not a slogan. However, over the years, unauthorized exploitation and excavation of mineral resources have been repeatedly prohibited. After several rectifications, this phenomenon has been curbed, but seemingly legal "exploration and mining" is still eating away at mineral resources. Behind these phenomena is the game between central and local interests, long-term interests and immediate interests. From a macro point of view, tungsten, rare earth and antimony are all strategic resources of the country, and the state takes measures to protect them; From the perspective of local interests, the development of local economy mainly depends on these mineral products. As a local government, private enterprises are the main force of tax contribution, which is bound to tilt from all aspects. This is also understandable. In some places, mining accounts for more than half of fiscal revenue, and in some places it is as high as 80%. A city based on mining can only "rely on mountains to eat mountains". The rapid growth of GDP in China is inseparable from the rapid growth of local GDP. Although the central government "has policies", local governments "have countermeasures" and try their best to support local enterprises in order to achieve GDP targets. Due to the financial crisis, the demand for mineral products has dropped sharply. Although the central government issued the Plan for the Adjustment and Revitalization of Nonferrous Metals Enterprises, the policy effect has been transmitted to the market for some time. The state issued a purchasing and storage plan, and the "rain" did not fall on local private enterprises. Affected by the crisis, most private mines have reduced production and stopped production, and the direct consequence is the decline in fiscal revenue. In some places, there is even a phenomenon of government loans to pay wages. To some extent, saving enterprises is saving finance. Private enterprises are the main force of local profits and taxes. Under the multiple "pressures" of GDP growth, fiscal revenue, employment and "political achievements", Yunnan, Jiangxi and other places have successively introduced mineral products purchasing and storage plans to save enterprises with operational difficulties. In this massive relief movement, private enterprises are the key support targets. Through the way of mortgage loan, private enterprises have obtained the funds needed for development. Local governments have formulated various preferential policies to save enterprises and resume production, waiting for the market to pick up. In this way, it fell into a strange circle of "excessive inventory-market downturn-rectification". Solution Due to the large domestic stocks of tungsten, antimony and rare earths, the voice of calling for national storage and storage continues. As we all know, the national reserve is a "reservoir", and tungsten, antimony and rare earth are all strategic resources. In the case of large inventory and low price in the market, it is the most direct way to solve the problem of excessive inventory that the state takes out special reserve funds for storage and storage and reserves excess inventory. Facing the current financial crisis, local governments take the form of mortgage loans, and banks provide development funds for enterprises. However, in the long run, this form of purchasing and storage has not reduced the inventory in the market, and the market will pick up sooner or later, and these inventory products will still flow to the market. When these stocks are released, it will inevitably cause a new round of market shocks. Therefore, the local government's purchasing and storage is only an expedient measure, and it cannot completely solve the crisis and contradiction. Historically, China has repeatedly suspended the issuance of mining licenses to reduce the amount of mining. 1999, the state issued the notice on suspending the issuance of mining licenses for eight kinds of minerals such as rare earths. In 2000, the Notice on Continuing to Suspend the Issuance of Mining Licenses for Eight Kinds of Minerals, such as Rare Earth, was issued. In 2005, the Notice of General Office of the State Council on Forwarding the Opinions of Development and Reform Commission and Other Departments on Strengthening the Management of Tungsten, Tin and Antimony Industry was issued. When the total control index of tungsten and rare earth mining was issued in 2006, the mining license was also stopped. Generally speaking, the macro-control policy of suspending the issuance of mining licenses has played a positive role in stabilizing the market prices of tungsten, antimony and rare earth products and controlling the total output. According to the data of the Department of Mineral Development and Management of the Ministry of Land and Resources, there are currently 128 effective prospecting rights for tungsten, 172 for rare earth and 174 for antimony in China, and their prospecting results will be released in recent years. Considering the expected demand for tungsten, antimony and rare earth in the market and alleviating the situation of excessive output, the notice proposes to suspend the acceptance of applications for exploration and mining rights of tungsten, antimony and rare earth mines before June 30, 20 10, in order to cooperate with the implementation of total mining control management. In the current market environment, this policy is a way to reduce exploitation and alleviate market surplus, but it is also a long-term process. Local governments need private enterprises to contribute to finance, need enough jobs, and also need the rapid growth of GDP. Controlling mineral production can only transfer contradictions. To solve this contradiction, we must find new support points and growth points for GDP, employment and fiscal revenue. Tungsten, rare earth and antimony, as superior resources in China, have not been really digested and utilized at home, and most of them are used for export. According to the data of China Tungsten Industry Association, the global tungsten consumption in 2008 was equivalent to125,300 tons of tungsten concentrate. The domestic consumption of tungsten concentrate is 50,500 tons, the export of tungsten products is equivalent to 58,300 tons of tungsten concentrate, and the import of tungsten metal containing tungsten waste is about 1.25 million tons. More than half of the rare earths in China are exported, and the deep processing technology of rare earths is still relatively backward. For areas rich in mineral resources, it is necessary to strengthen the transformation of resource advantages into industrial advantages, encourage the development of deep processing enterprises of tungsten, antimony and rare earths, and build a complete industrial chain. By lengthening the industrial chain, the added value of mineral products has been increased, jobs have been guaranteed, and the government's fiscal revenue and GDP have also steadily increased. In order to support enterprises to tide over the difficulties, Ganzhou officially implemented the plan of purchasing and storing tungsten and rare earth mineral products in 2009 1 month, and carried out the reserve work of tungsten and rare earth mineral products. Different from other places, Ganzhou takes deep processing enterprises as the main body and the whole industrial chain is protected. From 1 month to 1 February 2009, Ganzhou plans to reserve 1 10,000 tons of tungsten concentrate and tungsten processed products,110,000 tons of rare earth ore and various rare earth separation products to save the local tungsten and rare earth industrial chain. "The identification and inspection of tungsten ore is very simple. Compared with gold, it is more liquid than gold, which is an important reason why it is sought after. " Some insiders said humorously: "Greed drives people away." This poem by Lu Fangweng illustrates the reason why private digging and indiscriminate digging are prevalent. Imagine an authoritative organization that can protect mineral resources like forest trees and balance long-term and current interests, central and local interests from a macro perspective. Then, industries such as tungsten, antimony and rare earth will develop more harmoniously.