The Ministry of Commerce will reasonably determine the total amount of annual rare earth export quotas

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The Ministry of Commerce held a regular press conference on the 26th. Shen Danyang, the spokesperson of the Ministry of Commerce, stated that in the future, China will continue to rationally determine the annual total amount of rare earth export quotas on the basis of overall consideration of domestic resources, production, consumption, and international market conditions. Shen Danyang stated that China's management of rare earth mining, production, and export is entirely based on the purpose of protecting resources, the environment, and people's health. Relevant departments will strengthen supervision, in particular, increase the intensity of cracking down on smuggling so as to maintain a normal trade order. China is willing to strengthen cooperation with other countries in the fields of rare earth applications and environmental governance, resource recycling and other areas. We also welcome relevant enterprises and institutions to conduct exchanges and cooperation with Chinese companies and related organizations.

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