China Sets First Round of 2011 Rare Earth Export Quotas
China's Ministry of Commerce has announced that it has set China's first round of 2011 rare earth export quotas at 14,446 tonnes. The quota was down 11.4% year on year compared with the 16,304 tonnes in the first round of…
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last year, according to previous ministry statements. With around 30% of the world's rare earth reserves, China supplies 90% of global demand.