China Will Continue to Supply The International Market of Rare Earth

At present, Chinese rare earth reserves accounted for 36% of global rare earth reserves around, but provides 90% of global rare earth supply. Ministry of Commerce, December 28, 2010 announced the first batch of rare earth export quota in 2011, was 14,446 tons. Chinese Ministry of Commerce spokesman Yao Jian regular press conference on Tuesday in the Ministry of Commerce, said China will continue to supply rare earths to the international market, in accordance with the WTO rules to manage the rare earth export quotas.

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