China will prioritize the development of six types of new materials in its new material industry over the next five years, said a report on the China Securities Journal.

The six materials will be high-strength light alloy, advanced iron and steel, carbon fiber composite, new power battery material, functional coated material and rare earth minerals, according to the report.

The report cited an insider, who noted that the country's 12th Five-Year Plan (2011-15) for the new material industry will come out in September, in which the government will launch key projects to support the development of the six materials.

Each of the six sub-industries will reach a sizable scale, with the industry's total output value to hit the trillion-yuan mark by the end of 2015, and the selfsupply rate to reach 70 percent during the period, the report said.