Seeking Alpha

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.
From other sites
Comments (1)
  • Manxbuilder
    , contributor
    Comments (202) | Send Message
     
    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
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector