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China Ministry of Commerce released its first batch of rare earth export quotas in 2012 on 27 Dec. 2011. According to the Head of Department of China Ministry, the Chinese government has taken management measures over the exploration, production and export of rare earth. China's rare earth exports totaled 14,750 tons in the first 11 months of 2011, accounting for 49% of total export quotas. Even though, confronted with huge pressure of resource, environment and domestic demand, in order to guarantee international market demand and keep rare earth supplies basically stable, export quota of 2012 are equal to that of 2011. The first batch of rare earth export quota was given to 11 enterprises that met with the requirements, including 7 producing enterprises passing the environmental inspections and 4 trading enterprises. The products exported by the trading enterprises should come from said producing enterprises that have passed the environmental inspections. In order to minimize the influence to the market supply, the said enterprises can only get 80% of their whole year quota as the first batch, which is 10546 tons. In order to protect the environment and implement the spirit of the Opinions, MOFCOM reserved quotas for enterprises under environmental inspections, and also their first batch of quotas will be 80% of their total. However, they cannot use the quota until they pass the inspection. The rare earth is a title given to 17 rare earth metals, which vary greatly in property, exploration and smelting process, contamination to the environment during production, and the usage. To better conserve resources and protect environment, according to the requirement of the Opinions, MOFCOM will split the first batch of the 2012 quota into light and medium-to-heavy categories of rare earth.
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