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China reduces rare earth export quotas for first half of 2014

7:46 AM MST | December 16, 2013 | Francinia Protti-Alvarez

China will reduce rare earth exports during 2014, the Ministry of Commerce (Beijing) has announced. China set its first batch of these quotas for 2014 at 15,110 m.t., a 2.5% decline from the same batch last year. The 2013 first-lot quota was 15,501 m.t., and the limit in 2012 was 21,226 m.t. Twenty-eight rare earth production and circulation enterprises will share the quota, including the country’s top rare earth producer, Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co., according to a report from Shanghai Daily. China typically releases two batches...

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