https://www.miningweekly.com
Mining|SECURITY|Technology
Mining|SECURITY|Technology
mining|security|technology

China boosts its mining quota for first batch of rare earths

22nd February 2021

By: Bloomberg

  

Font size: - +

China increased its mining quota for the first batch of rare earths by 27% from a year earlier, with demand for the strategic minerals unabated despite the pandemic.

The new quota for the first batch is 84 000 t, China’s Ministry of Industry and Information Technology said in a statement on Friday. That compared with a cap of 66 000 t for last year’s first batch.

Another 81 000 t of the minerals used in everything from electric vehicles to military hardware will be supplied to key producers including China Northern Rare Earth Group High-tech Co for rare earth smelting and separation, according to the ministry.

China typically issues two batches of rare earth quotas a year. Last year’s total reached a record 140 000 t even as the coronavirus pandemic slashed global trade.

The nation is also looking at banning sales of the technology needed to refine and purify rare earths to countries or companies deemed as a threat to state security, a person familiar with the matter said.

Edited by Bloomberg

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.127 0.161s - 107pq - 2rq
Subscribe Now