According to news from Shanghai Nonferrous Networks on June 23, the National Development and Reform Commission convened the six major groups to hold a rare earth meeting on June 22. The meeting lasted for two days. The main agenda included: participating in the list of this year's National Reserve Group; bargaining on the rare earth oxide products that will be stored by the state. . In the rare earth bidding meeting of the State Reserve Bureau held on June 7 before, all 9 varieties finally fell through the bid. The focus of the game at this meeting is whether to consider the appropriate increase in the price of some tender products of the State Reserve. Boosting from the supply side is essentially the logic of an oversold rebound: the price is lower than the cost and production is stopped, and accordingly the price rises above the cost. Production will resume; therefore, it is a very important element to hope that the price through the supply side will be boosted quickly and violently. The longer the industry integration, the more difficult it becomes. Taking into account the game nature of rare earth metals, the state reserve bidding will have an important impact on the market, and we will closely follow the progress of subsequent purchases and storage and crackdown.