China to Cut Rare Earth Exports

From China Daily, via Singapore:

?CHINA plans to cut rare earths export quotas next year by up to 30 per cent to conserve supplies, a newspaper on Tuesday cited a government official as saying, amid complaints Beijing has blocked shipments to Japan.

China produces some 95 per cent of rare earths – minerals used in mobile phones and other high-tech goods. The government said last year it will reduce exports to conserve resources and limit environmental damage from mining.

The report Tuesday by the China Daily newspaper cited an unidentified Commerce Ministry official and gave no details of the possible cuts. China rare earths export quota this year is 22,026 tonnes, down from 28,403 tonnes in 2009, according to the Commerce Ministry.