China Issues Rare Earth Production Quota

China has set the first rare earth mining quota for 2024. According to the Chinese Ministry of Industry and Information Technology, it amounts to 135,000 tons, 12.5% more than in the same period last year. The quotas are usually issued twice a year, in 2023, even three times for the first time (we reported). The targets for the separation and smelting of rare earths have also been increased significantly. China dominates both the mining and extraction of this group of critical raw materials.