Newssummary: China Six Giants to Control 70% of Domestic Rare Earths Production Quotas in 2015

Published: May 20, 2015 17:08

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China has set rare earth oxide (REO) production quota for 2015 at 105,000 tonnes, unchanged with 2014, the Ministry of Land & Resources (MLR) announced May 18.

SHANGHAI, May 20 (SMM) – China has set rare earth oxide (REO) production quota for 2015 at 105,000 tonnes, unchanged with 2014, the Ministry of Land & Resources (MLR) announced May 18.

The quota includes 17,900 tonnes of ion-type medium and heavy rare earth, and 87,100 tonnes of rock-type light rare earth. Quota allocated to China’s six rare earth giants is 73,065 tonnes, 70% of the national total, according to the MLR.

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