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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.
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Comments (1)
  • Manxbuilder
    , contributor
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    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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