The Ministry of Commerce issued the first batch of rare earth export quotas this year
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It is understood that this rare earth quota is based on the relevant provisions of the “Regulations of the People’s Republic of China for the Import and Export of Goodsâ€, which are mainly based on the export performance arrangements of enterprises from January to November in 2005-2007. The Ministry of Commerce requires all relevant local commerce authorities to promptly notify the local enterprises, and closely follow the export status of the enterprises. Related issues should be reported to the Department of Foreign Trade of the Ministry of Commerce in a timely manner. The first enterprises to receive quotas include: China National Steel Corporation, China Minmetals Nonferrous Metals Corporation, Jiangsu Zhuoqun Nano-Rare Earth Co., Ltd., Inner Mongolia Hefa Rare Earth Science and Technology Development Co., Ltd., and Ganxian Hongjin Rare Earth Co., Ltd., etc. 23 companies.