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China bows to pressure and increases this year's quota of rare earths by 2.7% to 30,996 metric...

China bows to pressure and increases this year's quota of rare earths by 2.7% to 30,996 metric tons. It's the first raise since 2005 and follows a slashing of the allocation in 2009. However, it's all largely symbolic, as exporters only used up half of last year's quota, with foreign sales down this year as well.
Comments (1)
  • Pressure from whom? If they have a surplus why increase your quota. This is the stupidest thing I've heard in a long time. I thought that the Chinese Government was sharper than that.
    22 Aug 2012, 10:04 AM Reply Like
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