ANNOUNCEMENT 26 Dec 2011In December 2011, the government of China announced an altered export quota.
NUMBER OF INTERVENTIONS
On 26 December 2011, the the Ministry of Commerce (MOFCOM) released the Notice on 2012 First Batch Rare Earth Export Quota. The export quota are distributed to 9 companies, and the quota on light rare earth is 11243 tons, on middle and heavy rare earth is 1760 tons.
Comparing to the total quota number from the last announcement in 2011, there is a 45% decrease in export quota.