Rare earth quotas obvious gap

By the world economic slowdown and higher prices of rare earth and other factors, this year's export quotas may still be used up, a state of excess. Ministry of Commerce announced in 2013 the second batch of rare earth export quotas, which the light rare, heavy rare earth quotas of 13,821 tons and 1,679 tons. Plus released the first batch of 15,501 tons quota of rare earth export quota this year is 31,001 tons, with basically the same as last year's 30,996 tons.

View on the current situation in recent years by the economic slowdown and rare earth prices, the global market demand for Chinese rare earth dropped significantly. Statistics show that in 2012 China rare earth ores, metals and compounds export volume of 16,265 tons, down 3.5%, with only 52.5% of export quotas. Xiamen University, China Energy Economic Research Center Lin Boqiang said, because there is still no much improvement this year, the world economy is expected to this year's quota should also be exhausted.


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