Bloomberg reported that China has set its first rare earth production quota for 2013 at 46,900 metric tons.
As quoted in the market report:
The figure is about half the total quota set last year, according to a Ministry of Land and Resources statement posted on its website on Jan 5. The ministry didn’t make public the production quotas last year, while the figure in 2011 was 93,800 tons.
“Attention investors: China is tightening its grips on the rare earth industry forcing plant closures on illegal mining. Find out how to take advantage of this trend.”Learn everything you need to know about rare earth investments in our FREE market report. Click below to get your copy.
Get My Free Report
Click here to download for free