Ministry of Commerce: China's first batch of Rare-earth export quotas to drop 11.4%

China's first batch of Rare-earth export quotas next year 11.4% the Ministry of Commerce said that the total amount of the year will be comprehensive consideration of various factors after the determination, should not presume to presume this newspaper Beijing, December 28 (Hong Junjie) The Ministry of Commerce today announced the first batch of 2011 Rare earth export quotas, a total of 14446 tons, The figure was reduced by about 11.4% per 16304 tonnes in the first instalment last year.　　The head of Foreign Trade Department of Ministry of Commerce said that the parties should not presume the total year. The Department of Foreign Trade of the Ministry of Commerce said that the first batch of Rare-earth export quotas in 2011 was issued to companies eligible for the 2011 Rare-earth export quota.　　The quota arrangement mainly according to each enterprise 2008-2010 1-October export performance, in order to reflect to the production enterprise incline principle, appropriate reference production enterprise 2009 Export Supply quantity. In 2011, the head of Foreign Trade Division of the Ministry of Commerce, China will consider China's rare earths production, domestic and foreign demand and sustainable development needs.　　After the total quota is determined, the Ministry of Commerce will release it in time. Rare Earth is one of the essential raw materials of modern High-tech products, and global demand and consumption of rare earths have been growing rapidly in recent years.　　Recently, some media in Europe, America and Japan have been speculating about China's rare earths export quotas. Chen Deming, China's commerce minister, has pointed out that China has 30% of the world's rare earth resources, but it accounts for 90% of the world's rare earths, while some countries are rich in Rare-earth minerals but are not developed but imported from China. It is reported that, in addition to China, the current global mining of rare earth minerals are also concentrated in the United States, Russia, Australia, Brazil and India and other countries.　　U.S. reserves of 13 million tons, accounting for 13% of the world, but the output is zero.　　According to Xinhua News agency, Beijing, December 28 (reporter Tetrarch) China minmetals Chemical Import and Export Chamber of Commerce President Xuchang 28th, said that China's exports of rare earth products have remained stable since 2001, and with the growth of domestic consumer demand, this year imports of rare earth metal ore breakthrough 10,000 tons.　　According to China's customs statistics, Chinese companies have been exporting rare earths to the world for 60,000 tonnes a year since 2001, with Rare-earth products exported to more than 40 countries and regions, and exports are expected to be slightly less than last year's levels, Xuchang said. In 2001, China's rare earth exports average price of 4559 U.S. dollars per ton, the first 11 months of the year 17957 U.S. dollars per ton, compared to 2001 growth of nearly 3 times times. "Despite the obvious rise in the price of Rare-earth products, from the same period of crude oil, copper, iron ore and other commodities in international price increases can be seen, the rise in rare earths prices is not unique." "Xuchang said.　　At the same time, in January-October this year, China imported 10381 tons of Rare-earth metal ore, the first breakthrough 10,000 tons, an increase of 144.09%. "The way out of China's rare-earth industry lies in its application. Zhang Anwen, Deputy Secretary-General of the China Rare Earth Society, said that although the separation and smelting technology of rare earth industry in China has made progress, the lack of core patents has not been solved,High-end medical devices, key components and other components are still dependent on imports.