Responsible person of the Ministry of Commerce said in response to a reporter’s question on the 20th that the reports released by individual media on China’s next year that it will continue to reduce the export quota of rare earths have no basis and are purely false positives.
The person in charge said that the Chinese government will formulate a reasonable total amount of export quotas for 2011 based on the total output of rare earths, domestic and foreign demand, and the need for sustainable development.
The responsible person stated that China will continue to supply rare earths to the world, and at the same time, in order to protect the available resources and sustainable development, China will continue to implement restrictions on the extraction, production, and export of rare earths, related management measures and the WTO. The rules do not conflict.
Earlier media reports said that China may further reduce the export quota for rare earth resources in 2011, which will reach a maximum rate of 30%.
The person in charge said that the Chinese government will formulate a reasonable total amount of export quotas for 2011 based on the total output of rare earths, domestic and foreign demand, and the need for sustainable development.
The responsible person stated that China will continue to supply rare earths to the world, and at the same time, in order to protect the available resources and sustainable development, China will continue to implement restrictions on the extraction, production, and export of rare earths, related management measures and the WTO. The rules do not conflict.
Earlier media reports said that China may further reduce the export quota for rare earth resources in 2011, which will reach a maximum rate of 30%.
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