SHANGHAI, Feb 19 (SMM) – China has unveiled the first batch of rare earth and tungsten mining output quotas for this year.
This batch of quotas accounted for 50% of last year's allocation, and the second batch is expected to be announced in the second quarter.
According to a circular jointly issued by the Ministry of Natural Resources and Ministry of Industry and Information Technology, China issued 66,000 mt of mining quotas for rare earth and 52,500 mt for tungsten concentrate in the first batch for 2020.
Of the total quotas for rare earth, 56,425 mt was allocated for light rare earths, with 9,575 mt for medium and heavy rare earth metals.
