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China's rare earth exports down 43% in Jan-Apr

May. 21, 2012 (China Knowledge) - The export volume of rare earth ore, metals and mixtures in China, the world's biggest rare earth supplier, plunged 43% YoY to 3,046 metric tons in the first four months of this year, according to figures from China Customs Statistics Information Centre.

In April, the export volume of rare earths in China fell 38% from March or 93% YoY to 387 metric tons.

The Ministry of Commerce last week announced more export quota of rare earth minerals totaling 10,680 metric tons. The figure comprised 9,490 metric tons for light rare earths and 1,190 metric tons for medium and heavy rare earths, according to an earlier report from China Knowledge.

In December last year, the MOC issued the nation's first batch of rare earth export quota for 2012 of 10,546 metric tons to 11 qualified companies.

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