May 27th spot price of SMM rare earths

China’s rare earth mining and smelting/separation quotas stood at 168,000 mt and 162,000 mt respectively in 2021, according to the Ministry of Natural Resources (MNR) and the Ministry of Industry and Information Technology (MIIT).

The latest SMM survey showed that 35 steel makers in China plan to produce a total of 9.34 million mt of hot-rolled coils and plates in December, up 366,300 mt or 4% from the realised output in November.

Baosteel Desheng, a subsidiary of China Baowu Iron and Steel Group, invested 13.6 billion yuan to build a fine stainless steel green industry base in 2018, and the project will be fully put into operation next year.

In the first half of 2021, the air quality in Guangxi has dropped significantly year-on-year, and air pollution prevention and control must be severe. In order to ensure the completion of the annual binding indicators of environmental air quality issued by the central government, the action plan is formulated.

Yunnan Provincial Development and Reform Commission announced on September 11 that the average monthly output of local industrial silicon companies should not exceed 10% of the August output from September to December.

The Hunan government has prioritised the execution of environmental protection measures recently against antimony pollution, according to unofficial news sources.

The Fourth batch of the second round of environmental protection inspection was implemented according to Environmental Protection Inspection Work Regulations approved by the Party Central Committee and the State Council.

SMM believes that the current increment of the tungsten ore mining quotas is the highest over the past three years.

In order to achieve a sustainable future, mining giant BHP urges for greater transparency in the pricing mechanisms in the copper market.

China's rare earth exports in July were 1,620.3 mt, down 69% year from a year earlier and 44% from the same period last year.