China sets rare earth export quota for second half
SHANGHAI —
China has announced its closely watched export quota for rare earth minerals in the second half of this year, bringing the full-year total to 31,001 tons.
China produces more than 95% of the world’s rare earths, 17 elements critical to manufacturing everything from iPads to low-emission cars.
The Ministry of Commerce said China will allow exports of 15,500 tons of rare earths in the six months to December, according to a statement released late Monday.
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