2013 China rare earth quotas are still some unused

In response to recent media said China 's rare earth export quota policy is being tightened , Ministry of Commerce spokesman Shen Danyang said yesterday that next year the total export quota of rare earths will remain basically stable.

December 13 , 2014, the Ministry of Commerce issued the first batch of rare earth export quotas totaling 15,110 tons , involving rare earth companies, including China Minmetals , China Steel , Rising colored , aluminum and rare earth in 28 companies.

The Commerce Department announced the first batch of rare earth export quotas for this year totaled 15,501 tons , the first batch of slightly more than in 2014 .

Shen Danyang said in response to questioning , though facing enormous resources, environment and domestic demand pressures, but for the protection of the international market supply , the Ministry of Commerce issued the first batch of 2014 rare earth export quotas, and in 2013 the first batch of roughly equal number of . 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.

It is reported that due to the global economic slowdown and the increase of alternative materials and other factors, in recent years, reducing global demand for rare earth products , prices continue to decline . Customs statistics show that from January to November this year, China's rare earth exports dropped 37.6 percent year on year , to $ 510 million .

Shen Danyang said that this year less than the international market demand for rare earths . 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.


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