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China 2012 Rare-Earth Export Quota Almost Same as This Year

China, the biggest supplier of rare earths, will keep 2012 export quotas “basically level” with this year, as high prices and a slowing global economy sap demand.

The full-year quota may be about 31,130 metric tons, according to Bloomberg News calculations based on first-round quota figures given by the Ministry of Commerce in a statement. The quota was 30,184 tons in 2011 and 30,258 tons in 2010.