China sets the first tranche of rare earth export quotas at 10,546 tons for 2012, and says...

China sets the first tranche of rare earth export quotas at 10,546 tons for 2012, and says overall export quotas for 2012 will be unchanged from 2011 to "guarantee" international demand and keep supplies "basically stable." The 2011 quota was 30,184 tons, but less than half of that was actually exported in the first 11 months.
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Comments (7)
  • Losing Paper While Gaining ...
    , contributor
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    Anyone know why the actual exported value was so low?


    Low Demand? Low Supply?
    27 Dec 2011, 09:43 AM Reply Like
  • Garfield23
    , contributor
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    Here is what China is doing: they say they have a huge quota to fend off other producers then only produce what they are capable of, just like last year.


    Bottom line China cannot produce what they say their quota is, and prices reflect that, otherwise they would have met this supposed “quota” this year.


    MCP and the other small companies should realize this and go full ahead with bringing greater supply online.


    China is great at pie-in-the-sky projections, but in the end nobody can trust their numbers as they are imaginary figures on all levels.
    27 Dec 2011, 01:15 PM Reply Like
  • cn_habs
    , contributor
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    You mean the actual exported quantity? Japan was being cut for quite a bit as I can recall.
    27 Dec 2011, 01:42 PM Reply Like
  • Garfield23
    , contributor
    Comments (154) | Send Message
    I wouldn't trust china's quota or their stated actual exported quantity


    think of it this way, - we all have some friends that brag about this and that, so when they say "yeah, I produced a 100 of them" just divide it by 2 and they really produced on 50 of them.


    same thing goes for China on all levels.
    27 Dec 2011, 07:05 PM Reply Like
  • buffalocave
    , contributor
    Comments (166) | Send Message
    Slanted judgements always need glasses to drink from,but you could run out of glasses and have to use cups,they don't hold as much so you have to go back for more.Big ship or little boat or a lot of little boats.
    27 Dec 2011, 09:41 PM Reply Like
  • The_American
    , contributor
    Comments (147) | Send Message
    China cannot be trusted with their numbers but do not take them lightly. They are setting the stage and just made a deal with Afganistan for OIL. They just made a Currency deal between China & Japan so they will not need dollars. They are being quiet while we speculate. Their actions dictate their motives and Rare Earths are used in MANY Military Applications. Look how fast they got Molycorp up and running again. China wants the Yuan to be the World Reserve Currency and they have stated it publicly.
    On top of them hacking into our largest Energy & Exploration Companies they just hacked The U.S. Chamber of Commerce so they know what we think and what we are going to say before we say it. We are in a Resource War & as we are loosing influence throughout the world new Alliances are being born. China, North Korea, & Russia.
    One day they will no longer need us.
    When ALL of our American Corporations do business in China they are giving up their most Precious Commodity. Their INTELLECTUAL PROPERTY. It's The Law of Dimishing Returns.
    When GE or Boeing gets a multi Billion dollar deal to make a specific product they will only get that contract ONCE.
    Then the product GE or Boeing had them build the Chinese under cut the supply and become our competition. Even if it's 10% of market share they take it not only hurts shareholder value, it's TRILLIONS of Dollars in lost revenue along with the loss of American Jobs. These short term gains will lead to Long Term Losses.
    28 Dec 2011, 12:56 AM Reply Like
  • asles
    , contributor
    Comments (135) | Send Message
    China's first rare earth export quota for 2012


    When is a quota not a quota not a quota? …… Simple, when it is not fulfilled.


    China has announced full-year 2012 limits for rare earth elements would likely be unchanged.
    In 2011 China exported only 49% of its stated quota. Some have claimed price erosion, or rather the effort to maintain prices, the Chinese stated environmental concerns as a reason to halt production and therefore reduce export.


    The Chinese said that a new system would exclude exporting from the quota mining companies that don’t meet its environmental standards.


    Reading the tea leaves, it looks like China’s 2012 exports will be the same as 2011 49% of the stated quota at current prices.
    28 Dec 2011, 11:36 AM Reply Like
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