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Foreign media said that China's rare earth exports will double in 2012
Russian international literary rapports quoted Bloomberg News that China's rare earth exports may double in 2012. In January-November 2011, due to the global economic downturn, the demand for rare earths in the first 11 months of last year accounted for only 49% of the total annual export quota. The total amount of rare earth export quotas this year may be basically the same as last year, and it will remain at around 31,130 tons. Officials from the Ministry of Industry and Information Technology said that with the recovery of overseas demand, this year's export quota is likely to be completed.