China May Further Reduce Rare Earth Quotas, Goldman Sachs Says
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China, the world’s biggest producer of rare earths, may further reduce its export quotas, pushing prices for the minerals higher, Goldman Sachs & Partners Australia Pty said in a report.
“We suspect that export quotas will shrink further,” because of rising demand within China, analysts led by Malcolm Southwood said yesterday in a report. The quota in the first half this year was set at 14,446 metric tons, down from 22,282 tons a year earlier, he said. Recent trends suggest that the second half quota, 7,986 tons last year, will show a further decline, he said.