Abstract According to the website of the Ministry of Commerce, on December 23, Shen Danyang, spokesman of the Ministry of Commerce, accepted media joint interviews on a number of economic and trade hot issues such as the outcome of the China-US Joint Commission on Commerce and Trade. Q: Recently, the Ministry of Commerce announced the 2014 rare earth export quota. Some analysts said that this time...

According to the website of the Ministry of Commerce, on December 23, the spokesman of the Ministry of Commerce Shen Danyang accepted a joint interview with the media on a number of economic and trade issues such as the outcome of the China-US Joint Commission on Commerce and Trade.

Q: Recently, the Ministry of Commerce announced the 2014 rare earth export quota. Some analysts said that the number of export quotas for this arrangement is less than that of previous years, indicating that China is tightening its rare earth export quota policy. What is the comment of the Ministry of Commerce? What is the situation of rare earth exports this year?

A: In 2013, the demand for rare earth in the international market is still insufficient. As of the end of October, China had exported a total of 17,911 tons of rare earths, accounting for only 57.8% of the total annual export quotas. Some export quotas were not used.

Despite enormous pressures on resources, environment and domestic demand, the Ministry of Commerce issued the first batch of rare earth export quotas in 2014 on December 13 to guarantee the international market supply, which is basically the same as the first batch in 2013. The reason for the slight difference is that some enterprises have problems due to mines or environmental protection, and their quotas have not been released yet. From the perspective of the whole year of 2014, the total amount of quotas will remain basically stable.

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