China Sets Latest Batch of Rare Earth Export Quotas

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 carried out by the Ministry of Environmental Protection (MEP; Beijing) will share the quota, the Chinese government says. The companies include Baogang Group (Baotou), China’s largest producer of light rare earths and the parent of Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. (Baotou); and Aluminum Corp. of China (Chinalco; Beijing). Of the 10,680 m.t. covered by the export...

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