Aug. 23, 2012 (China Knowledge) - The Ministry of Commerce
yesterday announced the second batch of rare earth export quota of 9,770 metric tons for this year.
The ministry said in a statement that the quota include 8,537 metric tons of light rare earth metals and 1,233 metric tons of medium and heavy rare earth metals, taking this year's export quota to a total of 30,996 metric tons, up 2.7% from 30,184 metric tons in 2011.
The new quota will be granted to 24 companies, including Baogang Group, China Minmetals Corp, Aluminum Corp of China (Chinalco) and Zibo Jiahua Advanced Material Resources Co.
The MOC on Dec. 27, 2011 accounted the first batch of rare earth export quota of 10,546 metric tons, which was expanded by 10,680 metric tons in May this year.
In the first seven months of this year, the export volume of rare earth ore, metals and mixtures in China, the world's biggest rare earth supplier, plunged 36.7% YoY to 21,729 metric tons.