China Exports 14,061 Tons of Rare Earths in H1 2014

Writing for InvestorIntel, Hongpo Shen said that in the first six months of 2014, China exported 14,061 tons of rare earth ore, metals and compounds. That’s a 49.47-percent increase from the year-ago period, but “still below the first batch of rare earth export quota of 15,500 tons.”

As quoted in the market news:

During the first half of this year, the total value of China’s exports of the rare earths declined 4.5% to US$203.7 million compared to the same period in 2013, according to data released by the China Customs Statistics Information Center.

In the first six months in 2014, Japan imported 5,579 tons of rare earth from China, surged 91.42% compared to the same period in 2013, making it the top overseas buyer; the U.S. imports increased 43.59%, year on year, to a total of 4,988 tons; Italy’s imports was 723 tons, while China exported 609 tons of rare earth to Germany, reflecting a year-on-year jump of 445.74%; It’s worth noting that Vietnam’s imports of rare earth from China reached 567 tons, which has become the fifth overseas customer.

Click here to read the full InvestorIntel report.