China to squeeze REE supply in 2014 - Quota down 60% from 2009

[Sparty]

Quote: As you know, the export quotas do not reflect the reality of actual rare-earth exports from China, given the quantities that are exported outside of official channels. Sticking with the quotas though for a moment, if Inner Mongolia Baotou Hefa Rare Earth Co. is allocated a quota as part of the first round, and if it was similar to last year (455 t) then the total first allocation would be 15,565 t. If 15,565 t represents 70% of the total quota for 2014, then we could expect 22,236 t for next year. That represents less than 72% of the 2013 number. Either way, the numbers for 2014 are likely to be significantly lower than 2013."

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"A recent Goldman Sachs report states that HREEs are expected to remain in deficit and therefore become even more valuable. While China and other rare earth-producing countries will have a surplus of light rare earth elements from 2013 onwards, the world will see a shortage of heavy rare earths, the report notes." more

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