China trade ministry increases rare earth export quota

rare earth materials ready to loaded China said 10,680 tonnes would be added to the quota on top of 10,546 tonnes initially issued

Related Stories

China has allowed more companies to export rare earths, increasing the quotas set by the government, after they met environment standards.

It has increased rare earth export quotas by 10,680 tonnes, the Ministry of Commerce said Thursday.

The announcement brings the total quotas issued so far this year to 21,226 tonnes.

Rare earths are a collection of 17 elements used in products from smartphones to hybrid cars.

China, the biggest miner of rare earths, capped exports at 30,184 tonnes last year.

It said the quotas were designed to conserve resources and protect the environment.

Beijing is embroiled in trade disputes with the US, Japan and the European Union over its control of rare earths.

However, only about half of last year's quota was used, according to the ministry.

China normally allocates rare earth resources in two sets, one at the beginning of the year and one in the middle.

It has yet to issue the second round of quota allocations for 2012.

More on This Story

Related Stories

More Business stories

RSS

Features

  • Peaky Blinders publicity shotBrum do

    Why is the Birmingham accent so difficult to mimic?


  • Oliver CromwellA brief history

    The 900-year-story behind the creation of a UK parliament


  • Beer and alcoholAbstinence wars

    The struggle to claim the month of October


  • Image of Ankor Wat using lidarJungle Atlantis

    How lasers have revealed an ancient city beneath the forest


  • Tesco signBest before?

    Has Tesco passed its sell-by date, asks Richard Anderson


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.