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China reduces REE exports by 35% first half 2011
Lynas Corporation Limited (?Lynas?) (ASX:LYC, OTC:LYSDY) notes that The Ministry of Commerce of the People?s Republic of China has released 14,446 tonnes of approved Rare Earths export quota for the first half of 2011.
The total export quota for 2011 will be unknown until approximately July 2011 when the Ministry of Commerce is expected to release the export quota for the second half of 2011. However, comparing the first half of 2011 with the first half of 2010, the export cuts represent a cut of approximately 35%. Read more
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