China 2012 Rare-Earth Exports Only 16,265 Tons

China exported 16,265 metric tons of rare-earth ore, metals and compounds in 2012, official data Tuesday showed.

That is a decline of 3.5% from 2011 and far short of the 2012 export quota of 30,966 tons.

In spite of China's near-total domination of the world's supply of rare earths, a collective name for 17 metals used in high-technology applications like mobile telephones and missile systems, prices have fallen sharply for more than a year owing to waning demand and ample supply.

The value of Chinese rare-earth exports fell 66.1% from a year earlier to $906 million, according to data from the Hong Kong-based China Customs Statistics Information Center.

In December alone, China exported 3,252 tons of rare-earth ore, metals and compounds, it said.

China's Ministry of Commerce last month set the first batch of rare-earth export quotas for 2013 at 15,501 tons saying it will account for around half the full-year quota. A senior industry official had earlier suggested that the 2013 full-year quota would be around the same as last year's.

Rare Earth Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Tungsten News & Tungsten Prices, WML Version: http://m.chinatungsten.com

• < Prev
• Next >