Baotou Steel fails to win additional export quota
Inner Mongolia Baotou Steel Rare Earth Hi-Tech Company of China's largest rare earth producer failed an environmental assessment and was excluded from additional export quota allocation of rare earths for 2012.
The Ministry of Commerce (MOFCOM) issued additional export quotas for 2012 to 12 qualified producers, excluding the country's largest rare earth producer for the second time in half a year.
In December 2011, China allocated 10,546 tonnes of first round export quotas to nine companies. Thursday, it issued another 10,680 tonnes as part of the first round quotas of 24,904 tonnes which account for some 80% of the export quota for 2012.
Baotou Steel failed to make the first batch of rare earth producers in December because its products did not comply with radioactivity requirements, according to earlier media reports.
Source - China Economicreview.com
(www.steelguru.com)
The Ministry of Commerce (MOFCOM) issued additional export quotas for 2012 to 12 qualified producers, excluding the country's largest rare earth producer for the second time in half a year.
In December 2011, China allocated 10,546 tonnes of first round export quotas to nine companies. Thursday, it issued another 10,680 tonnes as part of the first round quotas of 24,904 tonnes which account for some 80% of the export quota for 2012.
Baotou Steel failed to make the first batch of rare earth producers in December because its products did not comply with radioactivity requirements, according to earlier media reports.
Source - China Economicreview.com
(www.steelguru.com)
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