ANNOUNCEMENT 12 Aug 2012
In August 2012, the government of China announced an altered export quota.
NUMBER OF INTERVENTIONS
PRC Ministry of Commerce, August 16th, 2012. (《商贸函（2012）第627号》商务部关于下达2012年第二批稀土出口配额的通知)
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.