ANNOUNCEMENT 22 Aug 2012In August 2012, the government of China announced an altered export quota.
NUMBER OF INTERVENTIONS
Source from China Ministry of Commerce, Chinese Version Available:
On 22 August 2012, the Ministry of Commerce (MOFCOM) announced the 2012 second batch of export quota on rare earths. The 2012 second batch of 9,770 tons is 37 per cent lower compared to the 2011 second batch quota. However, the total export quota on rare earths in 2012 is 31,996 tons, which corresponds to a 6 per cent increase compared to 2011.