On December 22, 2023, Ministry of Industry and Information Technology of the People's Republic of China issued the "Notice of the Ministry of Industry and Information Technology on the Release of the First Batch Application Demonstration Guidance Catalog of Key New Materials (2024 Edition)", which determined that the "First Batch Application Demonstration Guidance Catalog of Key New Materials (2024 Edition)" (hereinafter referred to as the "Catalog") will be implemented on January 1, 2024, and the "First Batch Application Demonstration Guidance Catalog of Key New Materials (2021 Edition)" will be abolished at the same time.

The new version of the "Catalog" includes 299 products in three categories: advanced basic materials, key strategic materials, and cutting-edge new materials, which is 8 fewer than the 2021 version. Boric acid is an advanced chemical material in the "Catalog", and continues to play an important role in the nuclear industry with its neutron absorption characteristics.