Rare earth exports slow due to pandemic

China's downstream rare earth companies slowed production this year due to COVID-19, said the Ministry of Commerce on Thursday, when commenting on the drop in China's rare earth exports in the first seven months."Chinese companies carry out global trade business based on changes in the international market demand and risk conditions," said Gao Feng, spokesman of the ministry. China exported 22,800 metric tons of rare earth between January and July this year, dropping 20.2 percent year-on-year.

Power output up by 1.9% on monthly basis

China's major power plants generated 680.1 billion kilowatt-hours of power in July, up 1.9 percent on a yearly basis, data showed. According to the National Bureau of Statistics, the growth rate is 4.6 percentage points lower than that of June. Thermal power production edged down 0.7 percent year-on-year in July, while power generated by nuclear plants and wind farms grew 6.7 percent and 23.2 percent, respectively, the NBS said.

China Daily - Xinhua