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FYI

Chinese export quotas for rare earth in H2 2008

BEIJING (Metal-Pages) 08-Jul-08. The Chinese government has announced export quotas for rare earths for the second half of 2008, with the total amount of 11,376 tonnes allocated between 25 companies, as detailed below:

Unfortunately I'm not able to post the table with the different chinese companies. But they are just chinese.

Examples: the biggest...
Sinosteel=685t
China Minmetals=885t
Ganzhou Chenguang...=1134t
Baotou Huamei...= 849t
Baotou Steel RE High Tech=419t
Gansu reare Earth...=950t
Leshan shenghe...=868t
etc



Chinese rare earth export quotas down more than 20% in 2008

BEIJING(Metal-Pages) 09-Jul-08. The export quotas for rare earths granted by the Chinese government for the second half of 2008 totalling 11,376 tonnes are only half the quota volumes allocated for the first six months of the year.

Added to the quotas for the first six months of 22,780 tonnes, the total rare earth quotas for 2008 are 34,156 tonnes, while in 2007 the total export quotas were 43,574 tonnes , with 19,601 tonnes allocated for the first half of the year and a somewhat higher amount of 23,973 tonnes allocated for the second half.

As a result, the total export quotas for 2008 are down by 9,419 tonnes or 21.6% compared with last year.

Chinese industry sources suggested that the government uses the export quota system to limit rare earth exports for the sake of protecting domestic rare earth resources and promoting the development of downstream rare earth products in China.


Best regards,
Mic