Are you seriously lacking of understanding year on year growth in 2023 was 19 % and in 2024 it is up 12.5 % , so the 12.5% is on top of the 19.5% the year before for the first round quotas.
February 7, 2024
A rare earth mining quota of 135,000 tonnes and a smelting and separation quota of 127,000 tonnes were unveiled for the first round of 2024, up by 12.50% from 120,000 and 10.43% from 115,000 tonnes respectively from 2023’s first round quotas.
https://www.fastmarkets.com/insights/china-issues-first-batch-of-rare-earths-quotas-for-2024/
IXR media coverage, page-722
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