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

|By:, SA News Editor

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.