China Releases Second Batch of Rare Earth Export Quotas for 2012

September 27, 2012 Posted by China Briefing Reading Time: 2 minutes

Sept. 27 – China’s Ministry of Commerce (MOFCOM) released the “Circular of the Ministry of Commerce on Releasing Second Batch of 2012 Rare Earth Export Quotas (guomaohan [2012] No.627, hereinafter referred to as ‘Circular’)” on August 16, 2012. This round of quotas is released to enterprises that meet the required criteria for export quotas of rare earth in 2012.

According to the Circular, six among the previous enterprises waiting for inspection have passed the environmental protection inspection, including Inner Mongolia Baotou Steel Rare-Earth (Group) Hi-Tech Co., Ltd. owned by Baogang (Group) Company. The first batch of due quotas and second batch of allocated quotas for the abovementioned six companies will be issued together.

The detailed information relating to the allocation of quotas for each enterprise can be found in the list below:

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