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China Daily | Updated: 2015-05-15 08:07
Governments and policies
Rare-earth production quota stays unchanged
This year's mining quota for rare earths is unchanged at 105,000 metric tons, the Ministry of Land and Resources announced on Thursday. The quota for medium and heavy rare earths is 17,900 tons, while that for light rare earths is 87,100 tons. Rare earths are crucial raw inputs for the high technology industry, and the heavy elements are less common and thus more valuable. The government on Thursday approved and announced a plan for the restructuring of the industry,. The plan involves six resource producers.
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