Ministry of Commerce of the first rare earth export quotas next year-on-year drop of 2.5%

Ministry of Commerce announced the first batch of rare earth export quotas next year , a total of 15,110 tons of light and heavy rare earths , a slight decrease of 2.5% compared with 2013 . However , insiders believe that , due to the recent downturn in the rare earth downstream demand , the export volume has been far below the actual export quotas , export quotas reduced real meaning has little importance is gradually reduced.

According to industry practice, the Commerce Department released a year usually two batches of rare earth export quotas, the first batch of quotas typically accounts for about half of the annual quota.

It is understood that access to rare earth export quota total 27 companies , get the most light rare earth quotas Solvay Baotou Rare Earth Co. , reaching 1,099 tons . Surprising that, as the rare earth giant Baotou Rare Earth , or not get the quota because of environmental issues .


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