China will tighten rare earth export quotas

China will tighten export quotas for rare earths ? Yesterday, the Commerce Department reported for a number of rare earth export quotas in 2014 than in previous years , China will tighten analyze the relevant quota , the State Ministry of Commerce spokesman Shen Danyang said the international market is still insufficient demand for rare earths , China 's rare earth export quotas will total maintain the basic stability .

Rare earths are a lot of important raw materials indispensable high-tech products , and for a long time , China 's rare earth resources to bear 23% of the world's supply of more than 90 % of the market , China 's rare earth export policy has been fixed on the goal of the Western countries . Recently, the Ministry of Commerce announced the 2014 rare earth export quotas. Some analysts said the export quota arrangements fewer than in previous years , indicating that China is tightening export quotas for rare earths policy .

In this regard, Shen Danyang noted that in 2013 , the international market demand for rare earths is still insufficient. As of the end of October , China 's total exports of 17,911 tons of rare earth , accounting for only 57.8% of the total annual export quota , some of the export quota is not used.

Shen Danyang said that while facing enormous resources, environment and domestic demand pressures, but for the protection of the international market supply , the Commerce Department on December 13 , 2014 issued the first batch of rare earth export quotas , and in 2013 the first batch of the number of basic quite . The main reason is slightly different part of the enterprise or environmental problems due to mining , their quota Not released. From 2014 the annual situation, the total quota will remain basically stable.


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