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.

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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.