MASSIVE uplift in H1 mining quotas, total H1 73,500t against full year the past 3yrs @ 105k, or HY 52.5kt, HUGE uplift:
25 April 2018
The Ministry of Industry and Information Technology (MIIT) issued the First Batch Total Production Control Quota of Rare Earth for 2018 on 25 April 2018, the total mine production is 73,500 tonnes, of which the light rare earth minerals is 60,970 tonnes and the heavy rare earth minerals is 12,530 tonnes;
The First Batch Total Production Control Quota of Rare Earth Mine (REO, tonne) for 2018
Column 1 Column 2 Column 3 Column 4 0 No. Province (district) Light Rare Earth Minerals Heavy Rare Earth Minerals 1 National total amount 60,970 12,530 2 (1) Inner Mongolia 41650 3 (2)
(3)Fujian 1400 4 Jiangxi 6300 5 (4) Shandong 1820 6 (5) Hunan 1400 7 (6)
(7)Guangdong 1540 8 Guangxi 1750 9 (8)
(9)Sichuan 17500 10 Yunnan 140
This has to be an effort at control, regulating "illegals", rather than demand driven, only rational explanation I can find ATM. Quite a stunning move, difficult to figure the implications ATM.
Lol, so much for the BS "China running low on RE" 40% uplift in mining quotas, will be interesting to see the following separation quotas to see if it follows proportionally and also the distribution.
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