China Issues Higher Export Quotas

Bloomberg reported that qualifying companies in China have been approved for increases to their rare earth export quotas.

As quoted in the market news:

While some units of Baotou Iron & Steel Group, Aluminum Corp. (2600) of China and other companies received quotas, Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. (600111), one of the units of Baotou Steel, remained excluded.

Click here to read the full Bloomberg report.