ANNOUNCEMENT 05 Jul 2010In July 2010, the government of China announced an altered export quota.
NUMBER OF INTERVENTIONS
On 5 July 2010, the Ministry of Commerce issued Notice No. 497 of 2010, introducing the second batch export quota on rare earth for 2010. Based on the document, the total quota is 7,976 tons, around 51% lower than the second batch for 2009.
The notice does not destinguish between light and heavy rare earths. The number of qualified exporters has increased to 32, according to the notice.