Economy

China sets first round of 2011 rare earth export quotas

(Xinhua)
Updated: 2010-12-28 17:29

Related readings:  CCCMC calls on diversifying rare earth supplies  China vows to be responsible in?rare earth co-op  China to raise rare earth tariff exports in 2011  Export tax to be raised on rare earth

BEIJING - China has set its first round of 2011 rare earth export quotas at 14,446 tons, the Ministry of Commerce said in a statement posted on its website Tuesday.

The quota was down 11.4 percent year-on-year compared with the 16,304 tons in the first round of last year, according to previous ministry statements.