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                Market

                Rare-earth exports fall 16% in May
                Wang.C.S  2019.06.13



                Rare-earth exports by China fell to 3,640 metric tons in May from 4,329 tons in April, according to the General Administration of Customs. In the first five months, China exported 19,266.8 tons of rare earths, down 7.2 percent year-on-year.

                China, the world's largest producer of rare earths, saw a 16 percent monthly drop in those exports in May amid an increased focus on domestic resources conservation and high-quality development of commodities, officials and experts said.

                "The drop of China's rare-earth exports is the result of domestic resource conservation and environmental protection, and it is in line with the country's need for promoting high-quality development," said Cui Fan, a professor at the University of International Business and Economics. Cui said escalating trade tensions between China and the United States have also exerted a negative impact on global supply chains, especially in commodity goods such as crude oil, soybeans and rare earths.
                 
                From:  
                 
                HongDa Industrial plans to invest rare earth new materials processing and application project in Baotou

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