China grants zusätliche exports of rare earths

China grants zusätliche exports of rare earths

18.05.2012 – The Commerce Department announced this week, die Exportquoten für Rare earth increase. China dominates almost the entire world production of rare earths, which are needed primarily for the manufacture of electrical equipment.
As the Chinese Ministry of Commerce announced on Thursday, to the export quotas for rare earths to 10.680 Tons will be increased.
From the expanded export volume accounts, according to a statement on the website of the Ministry 9490 Tons of so-called light rare earths and 1190 Tons in the medium and heavy rare earths.

As is clear from the statement, detail the additional quota of twelve companies to be made available, have recently passed an examination of the Ministry for Environmental Protection.

Among the twelve companies including the Baogang Group, the nation's largest producer of rare earths lighter, sowie die Aluminum Coproration of China.
The declaration also states, that the new rates are also understood to be the first export volume of rare earths.

At the 27. December of last year, announced the Ministry, that the first batch of exports of rare earths for the year 2012 overall 10.546 Tons will include and is divided to eleven qualified companies.
The ministry also pointed out, that companies, that the environmental study had not yet stocks, No rights would obtain export, when the second round of the review did not meet until the end of July.

China supplies more than 90 Percent of the world's funded amount of rare earths, its reserves amount to only a third of the world's total deposit. Faced with the comprehensive environmental challenges the country has not in recent years to protect the environment and conservation of exhaustible resource limits for the production, stricter environmental standards, and announced an export quota for rare earths.

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