And China just announced H2 export quotas will effectively remain the same as the past four years. Guess that means any further production is destined for domestic demand, an excellent growth indicator for La, Nd & Pr.
"A total of 15,501 t of export quotas was allocated in this second round, comprising 13,692 t of light rare-earth (LRE) products and 1,809 t of medium / heavy rare-earth (M / HRE) products. This brings the total allocations for 2014 to 30,611 t, which is similar to the totals for the past four years."
The Second Round of Chinese Rare-Earth Export-Quota Allocations for 2014
http://www.techmetalsresearch.com/2...rare-earth-export-quota-allocations-for-2014/
Inner Mongolia 19% increase in output for 2014, page-2
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