China trims rare earth quota for H1 2014

Dec 13, 2013
Workers stand on a roadside near a 'toxic lake' surrounded by rare earth refineries near the inner Mongolian city of Baotou on August 19, 2012

China on Friday trimmed its export quota for rare earth resources for the first half of next year.

The country produces more than 95 percent of the world's , 17 elements critical to manufacturing everything from iPads to low-emission cars.

Beijing imposes production caps and export quotas on the minerals with, it says, the aim of protecting resources and the environment to promote .

The restrictions have angered major trading partners and the World Trade Organization has reportedly concluded they are not in line with its rules.

The government will initially allow 27 rare earth producers and distributors to export a total 15,110 tonnes in the first six months of 2014, the Ministry of Commerce said in a statement.

The figure represents a 2.5 percent reduction on the same period this year.

A woman standing on the banks of a 'toxic lake' surrounded by rare earth refineries near the inner Mongolian city of Baotou on August 19, 2012

The quota has not always been met. China exported 16,265 tonnes in 2012, according to Customs, just over half the 30,966 tonne quota for the year.

Explore further: Why the Sony hack isn't big news in Japan

add to favorites email to friend print save as pdf

Related Stories

China opposes release of WTO report on rare earths

Nov 01, 2013

China said Friday it opposes the release of a WTO report about its export curbs on rare earths—exotic minerals used in mobile phones and other high-tech products—following news accounts that the document rejects Beijing's ...

China raises rare earths export quota for 2012

Aug 22, 2012

(AP) — China on Wednesday slightly increased this year's quota for rare earths exports under controversial controls on the exotic minerals needed by manufacturers of mobile phones and other high-tech products.

China starts stockpiling rare earths: report

Jul 05, 2012

China has started stockpiling rare earths for strategic reserves, a state-backed newspaper said Thursday, in a move that may raise more worries over Beijing's control of the coveted resources.

China to raise rare earths production this year

Mar 31, 2011

(AP) -- China said Thursday it will increase this year's production quota for rare earths but gave no sign it might reverse plans to cut exports of the exotic metals needed by high-tech industry.

Recommended for you

Why the Sony hack isn't big news in Japan

6 hours ago

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

11 hours ago

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

12 hours ago

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

Clooney slams skittish Hollywood after Sony hack

Dec 19, 2014

Film star George Clooney slammed the Hollywood movie industry for failing to stand up against the cyber threats that prompted Sony Pictures to cancel release of the movie "The Interview."

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

Osiris1
not rated yet Dec 14, 2013
Time for us to speed up our space programs so we can mine asteroids for our stuff......before we run toooo short of them here.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.