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China raises first batch of 2022 rare earth quota by 20% -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – Molten metal Lanthanum, a rare earth metal, is being poured into a mold at Jinyuan Company’s smelting shop near Damao. October 31, 2010. REUTERS/David Gray

SINGAPORE, (Reuters) – China set its first batch of 2022 rare earth mine output quotas at 100,800 tonnes. This is 20% more than last year according to a Friday government statement.

China also set the quota for smelting and separation of rare earth at 97,200 tonnes, China’s Ministry of Industry and Information Technology (MIIT) and the Ministry of Natural Resources said in a joint statement.

Also, this is up 20% compared to a year ago.

These quotas are to be divided among four of the main country producers.

China is the world’s dominant producer of rare earths, a group of 17 minerals used in electric vehicles (EVs), consumer electronics and military equipment.

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