Rare earth export policy remained basically unchanged in 2011

Rare earth export policy remained basically unchanged in 2011

2011年稀土出口政策基本不变

The specific quotas for rare earth export in 2011 are still in the process of discussion,but the export policy will be basically unchanged,said Chinese Ministry of Commerce (MOC)recently.

According to MOC,China exported 32,200 metric tones of rare earth in the first nine months of 2010,of which 16,000 tonnes went to Japan,up 167%year on year,and accounting for 49.8%of the total rare earth exports of China,and the average export price stood at US$14,800/tonne.Besides export to Japan,China also exported rare earth to the United States to amount to 6,200 tonnes in the first three quarters,claiming 19% of the total and up 5.5%year on year.

MOC said that the recent restrictions on rare earth exploration， production and export are made based on the country's target of energy efficiency and environmental protection.Adoption of export quota is the most effective method in aggregate control.China's present control measures of export quota,export duties,and qualification for export quota,export duties,and qualification for export enterprises are consistent with its commitment for entering the World Trade Organization (WTO)．

It is learned that China has cut the rare earth exploration size by 25%this year as compared with last year,23%in production and smelting plan,and 39%in exports,while increasing export duties from 15%to 25%.In has listed crude rare earth ore,and 41 rare earth products into the catalogue of products banning for processing trade,and also tightened control over the qualification of rare earth exporting companies.

At present,China has 32 companies with rare earth export qualifications,of which ten are foreignfunded companies.

China uses US$420 bn of FDI in 5 years 5年累计吸收外商直接投资4200亿美元