China Will Soon Release First Batch of Rare Earth Mining and Smelting Quotas for 2023

SHANGHAI, Mar 20 (SMM) - The first batch of rare earth mining and smelting quotas for this year will be issued soon. According to forecast from industry insiders, this year’s rare earth mining quotas will be higher than in 2022, but the increase will slow down compared with previous years. The increase in mining quotas will still be allocated to light rare earth, whereas the mining quotas of medium and heavy rare earth will be slightly reduced compared with last year.