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mining|resources

China cuts first 2024 tungsten mining quota 1.6% from year ago

19th March 2024

By: Reuters

  

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BEIJING - China has set its first batch of 2024's mining quota for tungsten concentrate at 62 000 metric tons, the Ministry of Natural Resources said on Tuesday.

That represents a fall 1.6% from 63 000 t of the first batch of such quota in 2023, which was issued last April.

China issued a total of 111,000 tons of mining quotas for tungsten concentrate in 2023, a year-on-year rise of 1.8%.

The tungsten quota came after Beijing set early in February its first batch of rare earths mining quota for the year at 135 000 t, 12.5% higher than a year earlier.

Edited by Reuters

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