This year, the total export quota of rare earths was 30,184 tons, a slight drop of 74 tons compared with last year.
October 20 02:01:26, 2024
On July 14, the Ministry of Commerce issued the second batch of general trade export quotas for general trade in 2011, a total of 14,446 tons. In this way, the annual export quota for rare earths totaled 30,184 tons, a slight decrease of 74 tons compared with 2010. The previous week, the second batch of export quotas for other commodities was first issued. The second batch of rare earth export quotas will be issued to enterprises that meet the application requirements. The quota arrangement is mainly based on the export performance of each enterprise from 2008 to 2010. In order to reflect the principle of leaning towards production enterprises, the quota arrangement is appropriately referred to the export supply volume of the production enterprises in 2009. Compared with the first batch of quotas, the number of enterprises that have obtained quotas has decreased slightly. As the Inner Mongolia Autonomous Region is carrying out the integration of the rare earth industry, Baotou Huaxin Smelting Co., Ltd. will be shut down. According to the requirements of the Inner Mongolia Department of Commerce and the company, since the second half of the year, its export performance and export quotas have been incorporated into Inner Mongolia Baotou Steel Rare Earth (70.06, 0.23, 0.33%) (Group) High-Tech Co., Ltd. As a result of the integration of Inner Mongolia Baotou Steel Rare Earth (Group) High-Tech Co., Ltd., Inner Mongolia and Rare Earth Technology Development Co., Ltd., Baotou Huamei Rare Earth High-Tech Co., Ltd. and Baotou Tianjiao Qingmei Rare Earth Polishing Powder Co., Ltd., Baotou Steel Group Co., Ltd. The second batch of enterprises with the most quotas was 3,220 tons. In 2010, China issued a total of 30,258 tons of rare earth export quotas to 32 companies, a sharp drop of 39.6% compared with 2009, causing dissatisfaction with major importing countries such as Japan and the United States. The Chinese side believes that China mainly considers environmental protection and other factors. On July 5th, the World Trade Organization (WTO) distributed to the members the report of the expert group of the United States, the European Union, and Mexico against China's raw material export restrictions. It believes that China's export tariffs and export quota measures violate China's WTO commitments and relevant WTO rules. The analysis believes that this ruling may make the rare earth the next target. According to Reuters, the second batch of quotas was issued on the same day. Chinese Minister of Commerce Chen Deming said after the 25th China-EU Economic and Trade Mixed Commission that he is not worried about the WTO's ruling on China's restrictions on rare earth exports, because effective communication has been carried out. EU Trade Commission De Gucht later said that the EU will use the WTO's ruling to try to persuade China to lift the restrictions on rare earth exports. Earlier, Vice Minister of Commerce Zhong Shan said at the National Rare Earth Export Work Conference held on July 6 that the Ministry of Commerce will continue to improve the management of rare earth exports in accordance with relevant laws and regulations and WTO rules. Â