Department of Commerce: next year re export policy unchanged

Yesterday, in the Department of Commerce's annual press conference, press spokesman for the Ministry of Commerce said Yao Jian, the export of specific quota next year also still in the course of discussion, export policy basically unchanged.

Rare-earth policy in line with WTO provisions

Yao Jian said that export quota is the most effective way to total control, China's current export quotas, export tariffs, export Enterprise qualification management measures, in line with China's commitments in the WTO. At present, the rare earth needs further management of cases, some policy and or necessary.

He also said that only 30% of the world reserves of China provides global 80% ~ 90% of the production and trade, this situation is not sustainable, China hoped that other countries with rare earth resources are actively exploiting their rare earth resources; on the other hand, China is also willing and international co-operation.

Before September exports have been rare

Beyond the annual quota 6.3%

Department of Commerce, 2010 China's release of extraction volume size is reduced by 25% in 2009; in production release plans ratio fell 23% in 2009; export link, physical quantity quota 2010 3.03 million tonnes, compared with a decrease of more than 30%. In addition, in the export sectors, China export-re imposed 15% ~ 25% export duties, the rare ore and 41 kinds of rare earth products included in the processing trade ban class directory.

Yao Jian, 1 ~ September, China's export of rare earth elements are 3.22 million tonnes, the average price per ton 1.48 million. By 2010 the amount of rare-earth material is 3.03 million tonnes of quota, before September China rare earth export has exceeded the annual quota 6.3%.

The secondary market

Rare earth permanent magnet plate

8 stocks fell into large

A few days ago despite a rise of rare earth permanent magnet plate fell yesterday, big dish 8.51% decline, in color co., Hengdian Dongci, rising non-ferrous metals, bgrimm magnetic material, Ningbo yunsheng, gangtianyuan, MINMETALS development, three rings in the 8 unit limit.

Commonwealth Securities analyst, pay wing Chong's future State will re strict supervision enterprises, this is undoubtedly the rare-earth plate has some good results. But pure rare concept a rather small, most currently only exists in the concept of speculation, for future performance of a rare earth concept overdraft unit, be aware that risk.