by Staff Writers
Shanghai (AFP) Dec 13, 2013
China on Friday trimmed its export quota for rare earth resources for the first half of next year.
The country produces more than 95 percent of the world's rare earths, 17 elements critical to manufacturing everything from iPads to low-emission cars.
Beijing imposes production caps and export quotas on the minerals with, it says, the aim of protecting resources and the environment to promote sustainable development.
The restrictions have angered major trading partners and the World Trade Organization has reportedly concluded they are not in line with its rules.
The government will initially allow 27 rare earth producers and distributors to export a total 15,110 tonnes in the first six months of 2014, the Ministry of Commerce said in a statement.
The figure represents a 2.5 percent reduction on the same period this year.
The quota has not always been met. China exported 16,265 tonnes in 2012, according to Customs, just over half the 30,966 tonne quota for the year.
Space Technology News - Applications and Research
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|