ANNOUNCEMENT 28 Dec 2010In December 2010, the government of China announced an altered export quota.
NUMBER OF INTERVENTIONS
On 28 December 2010, the Ministry of Commerce issued Notice No. 1133 of 2010, introducing the first batch export quota on rare earth for 2011. Based on the document, the total quota is 14,446 tons, a reduction of 10% compared to the first batch of 2010.
The notice does not destinguish between light and heavy rare earths. There are a total of 31 Chinese companies qualified for the rare earth export, according to the notice.