Ministry of Commerce: Rare earths export policy unchanged next year

Specific quotas for exports next year are still under discussion hoping to strengthen cooperation with other countries (reporter HUANGPE) yesterday, at the Ministry of Commerce's regular press conference, Ministry of Commerce spokesman Yao Jian said that the specific export quotas for the next year are still under discussion, export policy is basically unchanged. Re policy in line with WTO provisions Yao said that the implementation of export quotas is the most effective method of total control, China's current export quotas, export tariffs, export enterprise qualification management measures, in line with China's WTO commitments.　　In particular, the current need for further management of rare earths, several policies are necessary.　　He also said that China, which accounts for only 30% of the world's reserves, is unsustainable in providing global 80%~90% volumes of production and trade, and hopes that other countries with Rare-earth resources will actively exploit their own rare earths, and China is willing to strengthen cooperation with other countries. The former September Rare-earth exports have exceeded the annual quota of 6.3% the Ministry of Commerce said that in 2010 China's mining volume was reduced by 25% compared to 2009, the production process issued a reduction in the number of plans in 2009 23%;　　In addition, in the export link, China to export rare earths 15%~25% export tariffs, the Rare-earth ore and 41 kinds of rare earths products in the processing trade prohibited categories. Yao said China's total exports of rare earths in 1 to September were 32200 tonnes, with an average price of $14,800 per tonne.　　According to the 2010 Rare earth quantity quota is 30300 tons calculation, in the previous September China rare Earth exports already exceeded the annual quota 6.3%.　　Secondary market rare earth Permanent Magnet plate 8 shares fell off the market before a few days before the rise of rare earth permanent magnet plate yesterday led down the market, fell by 8.51%, the Chinese-color shares, Heng Dian East Magnetic, Guang Sheng nonferrous, North Mineral Magnetic materials, Ningbo Yun Sheng, medium steel Source, Minmetals development, the three-ring section of the Division 8. Datong Securities analyst Shing said that the future of the country will be strict supervision of rare-earth export enterprises, which undoubtedly for the entire rare Earth plate has a certain positive effect. But the concept of pure rare earths is less, most of the current only exist in the concept of speculation, for future performance overdraft of the concept of rare earths stocks, need to pay attention to risk. (Li Zhijian)