Hike in China's Rare Earths Export Quota Falls Short of EU, U.S. Demands

China has doubled its export quota for rare earth elements in the second half of 2011 compared with the same period of 2010. However, the decision means that China's rare earths export quota for the whole of 2011 will be virtually unchanged from last year. The move disappointed the European Union (EU), U.S., and Japan, which have been lobbying China for a bigger increase in its rare earths export quota, to ease supplies in international markets and soften prices. China, which accounts for more than 95% of global rare earths production, has cut its export quotas...

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