ANNOUNCEMENT 12 Aug 2012In August 2012, the government of China announced an altered export quota.
NUMBER OF INTERVENTIONS
On 12 August 2012, the Ministry of Commerce released the second batch of export quota on rare earth. The export quota are distributed to 24 companies. The export quota on light rare earth is 8537 tons, and 1233 tons on middle and heavy rare earth.
Comparing to the first batch of the quota, there is a 24% decrease on the light rare earth quota, and a 30% decrease on heavy rare earth quota.