ANNOUNCEMENT 14 Jul 2011In July 2011, the government of China announced an altered export quota.
NUMBER OF INTERVENTIONS
On 14 July 2011, the Ministry of Commerce issued Notice No. 518 of 2011,introducing the second batch export quota on rare earth for 2011. Based on the document, the total quota is 20,285 tons, around three times the value of the second batch for 2010.
The notice does not destinguish between light and heavy rare earths. The number of qualified exporters has decreased to 31, down from 32 in the first half of the year.