China Announces Second Batch of Rare Earth Export Quotas for 2012

The Ministry of Commerce (Mofcom; Beijing) has announced China's second batch of rare earth export quotas for 2012, totaling 10,680 m.t. About 12 companies that passed tests conducted by the Ministry of Environmental Protection (MEP; Beijing) will share the quotas, the Chinese government says. The companies include the Baogang group (Baotou, China), China's largest light rare earth producer and the parent of Inner Mongolia Baotou Steel Rare-Earth Hi-tech Co. (Baotou), and the Aluminum Corporation of China (Chinalco; Beijing). Out of the 10,680 m.t. of export...

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