China Drying Newsletter The official data released by the China Customs Statistics and Information Center on January 22 showed that in 2012, the export volume of rare earth ore, metals and compounds in China was 16,265 tons, which was 3.5% lower than that in 2011 and the export volume was much lower than 30,966 tons in 2012. Export quotas.

Among them, the volume of rare earth exports in 2012 decreased by 66.1% from the previous year to 906 million tons.

The Ministry of Commerce of China last month rated the first batch of rare earth exports in 2013 at 15,501 tons, and said that it will account for half of the annual export quota. The industry generally believes that the 2013 annual export quota of rare earth will be roughly the same level as in 2012.

For 2013 rare earth quotas, Japan (Editor's note: Japan is a major importer of rare earths in China) local media had previously commented that the global market’s demand for China’s rare earths has dropped significantly. Therefore, China’s export quota setting in 2013 “does not meet global rare earths. Excess quotas for market supply and demand."

Although China is dominant in the global supply of rare earths, its price has fallen sharply in more than a year due to weakened demand and abundant supply.

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