China cuts rare earth export quotas
China cut its first batch of rare earth export quotas for next year by more than one-tenth, in the face of a threat by the United States to complain to the World Trade Organization over the export limits.
China's Commerce Ministry allotted 14,446 metric tons of quotas to 31 companies, which was 11.4 percent less than the 16,304 metric tons it allocated to 22 companies in the first batch of 2010 quotas a year ago.
The ministry said in a short statement that it had added more producer companies to the quota list, but has cut … Read more