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China issues additional 10,680 ton rare earth export quota

May. 18, 2012 (China Knowledge) - The Ministry of Commerce yesterday announced more export quota of rare earth minerals totaling 10,680 metric tons.

The ministry said in a statement that the new quota comprised 9,490 metric tons for light rare earths and 1,190 metric tons for medium and heavy rare earths.
The new quota, which is addition to the country's first batch of rare earth export quota, is granted to 12 firms having met new environmental standards, including Baogang Group and the Aluminum Corporation of China.

In December last year, the MOC issued the nation's first batch of rare earth export quota of 10,546 metric tons to 11 qualified companies.

In the first quarter of this year, China's rare-earth exports were 2,773 metric tons, only 26% of the initial quota for rare-earth exports, according to Beijing-based rare-earth consulting firm Baichuan Information.

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