Jul. 23, 2012 (China Knowledge) - The export volume of rare earth ore, metals and mixtures in China, the world's biggest rare earth supplier, plunged 42.7 YoY to 4,908 metric tons in the first six months of this year, according to the figures from China Customs Statistics Information Centre.
In June, the export volume of rare earths in China was 884 metric tons.
The Ministry of Commerce
in May 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 the first 11 months of 2011, China's exported 14,750 metric tons of rare earth minerals, which accounted for only 49% of the country's export quota for the year.