China Sets First 2013 Production Quota at 46,900 Metric Tons

Bloomberg reported that China has set its first rare earth production quota for 2013 at 46,900 metric tons.

As quoted in the market report:

The figure is about half the total quota set last year, according to a Ministry of Land and Resources statement posted on its website on Jan 5. The ministry didn’t make public the production quotas last year, while the figure in 2011 was 93,800 tons.

To view the whole Bloomberg report, click here.