Rising global demand for minerals unlikely to trigger major changes

The Ministry of Commerce has announced the second batch of rare earth export quotas for this year, and it has shown no signs of expanding the quotas this year, even amid rising global demand for the minerals.

The export quota includes 13,691 metric tons for light rare earths, down 130 tons from last year, and 1,809 tons of medium and heavy rare earths, up 130 tons.