In 2014 the first batch of rare earth export quota up slightly

December 13 , 2014 the Ministry of Commerce issued the first batch of rare earth export quotas, LREE total of 15,110 tons , a slight decrease of 2.5% compared with 2013 . The total of 27 enterprises to obtain export quotas.

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 .

December 13 , the Ministry of Commerce to disclose on its website the first rare earth export quota for 2014 , which is 13,314 tons of light rare earths , heavy rare earth 1,796 tons , totaling 15,110 tons . Industry insiders estimate that next year the total export quota of 30,200 tons .

The Commerce Department said the first batch of 2014 export quotas for the main reference for each enterprise output from 2011 to 2013 in October , export volume , export value calculation. Data show that in 2013 the first batch of rare earth export quota of 15,449 tons , including 13,561 tons of light rare earths , heavy rare earth 1,938 tons , shows that 2014 rare earth export quota decreased slightly by 2.5%.

Export quota is not particularly meaningful

For the Chinese export restrictions practice , WTO against China in October to limit exports of rare earths in the proceedings, made ​​a ruling against China , China needs to rare tariff adjustments and the elimination of export quotas , the market is expected verdict by the end of the introduction . But the WTO has not yet announced the official final results .

The above ruling came after the news , the Chinese Ministry of Commerce policy analyst , said Mei Xinyu , China is likely to appeal. "In my opinion , China is fully entitled to limit or strategic resources such rare cause serious pollution , the export of energy -intensive products . "

"Some stakeholders said that we lost basically a foregone conclusion , the state could then approach by responding to rare earth export quota policy to defer for a year , " the industry source said, " There is a need for continuity of national policy , not because losing to immediately cancel , also need to give companies a transition period , the earliest will be canceled in 2015 . "

However, industry analysts said , in fact , due to the recent downturn in the domestic market of rare earth , rare earth export quota management approach has gradually lost its meaning , because the number is much lower than the actual export export quotas.

According to customs data , exports in the first ten months of this year, the rare earth only about 57% of annual export quotas this year . 2012 China 's rare earth export volume accounted for only 52% of the Commerce Department issued a rare earth export quotas .

" A few years ago the total exports are about 50% of export quotas wandering , often used up the quota this year, exports to Japan, Europe has been the recovery , may account for about 70%. " the analyst said , and is expected , if the final WTO ruling down, China canceled export quotas , while the downstream market has improved, it will be possible to promote increased consumption of rare earths , prompting prices to pull up . And if the rare earth downstream market continues to decline , there may be companies competing vicious competition , continued low prices of rare earth situation .


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