Exports of rare earth export quotas issued price increments

July 1, China Ministry of Commerce issued the 2013 second batch of rare earth export quotas, export quotas for the light to get Baotou Rare 1662 tons, 93 tons of heavy rare earths, the total top.

The rare earth export quotas in light rare, heavy rare earth quotas of 13,821 tons and 1,679 tons, there were 24 companies (the Group) to get the quota, which Minmetals Corporation, Baotou Steel Group Corporation, China Steel Group, Guangdong Rising Nonferrous quota in previous years, such as large household on the list.

Late last year, the Chinese Ministry of Commerce issued the first batch of 2013 export quota of 15,501 tons of rare earth. Up to now, China's rare earth export quota in 2013 totaled 31,001 tons, compared with the total export quota for 2012 did not increase significantly. According to Chinese Customs statistics show that from January to April, China's rare earth export 6256 tons, an increase of 89.8%; export amount of $ 150 million, down 77%; export average price of 23.7 U.S. dollars / kg, representing a decrease of 87.8%. Main application of rare earth in Japan from January to April imports more than 19% increase over the same period last year, reaching 4,300 tons, of which China accounted for 63 percent of rare earth, over the previous year increased by 11 percentage points, indicating that the supply of rare earth in China-based pattern and not completely changed, and the Chinese rare earth exports continued to increase in volume and a fall in price.


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