sales revenue will be +billion dollars, page-11

Dec. 28 (Bloomberg) -- China cut its export quotas for rare earths by 35 percent in the first round of permits for 2011, threatening to extend a global shortage of the minerals needed for smartphones, hybrid cars and guided missiles.

The government allotted 14,446 metric tons of rare earth exports split among 31 domestic and foreign-invested companies, the Ministry of Commerce said today in a statement.

31 Comapanies only in the world are receiving China,s quota...all with Chinese bias..Chinese owned..or Joint ventures.

Is that not a joke.

So if they upped their export quota it would still only go to those comanies that China has control or a large vested interest in.

That still leaves the rest of the world out in the cold.

LYC pulled out of producing in China because of all the restrictions that would have been imposed..other comapanies face the same problem.

To flood the market China would have to accept contracts with companies outside their arms reach...and make a pittance from the REO as to what (if they keep it)they could profit by exporting End products.

As for China who has been reducing the quota over a 5 year period..are all of a sudden going to cut off their nose to help out the world...yeah right..if the WTO think that.."They,re Dreamen."