- China has dropped its decade-old quotas limiting exports of rare earths, as it moves to comply with a WTO ruling last year that the country's tariff and quota system was discriminatory and gave unfair advantage to domestic consumers.
- Under the new guidelines, rare earths will require an export license but the amount that can be sold abroad will no longer be covered by a quota.
- China has ~30% of global deposits of rare earths but accounts for more than 90% of production.
- Related stocks include MCP, REE, AVL, GSM.