Earlier this week the Chinese Ministry of Commerce (MOFCOM) announced the second round of allocations of rare-earth export quotas for 2014, to companies operating in China. This follows the initial announcement on the first allocation for 2014, which was made in December 2013.
A total of 15,501 t of export quotas was allocated in this second round, comprising 13,692 t of light rare-earth (LRE) products and 1,809 t of medium / heavy rare-earth (M / HRE) products. This brings the total allocations for 2014 to 30,611 t, which is similar to the totals for the past four years.
We can now take a look at the specific allocation numbers associated with this week’s announcement, before reviewing allocations over the past few years. The companies below, highlighted in green are Chinese / non-Chinese joint-venture (JV) companies – the rest are Chinese-owned. The list is sorted from highest-to-lowest total allocation:
|Exporting Company||Allocation (tonnes)|
|Grirem Advanced Materials Co.||1,028||195||1,223|
|China Nonferrous Import-Export Co. Jiangsu Branch||954||189||1,143|
|Baotou Solvay Rare Earth Co.*||959||98||1,057|
|Gansu Rare Earth New Materials Co.||964||56||1,020|
|Yixing Xinwei Leeshing Rare Earth Co.||683||136||819|
|Yiyang Hongyuan Rare Earth Co.||790||24||814|
|Leshan Shenghe Rare Earth Technology Co.||720||39||759|
|Ganzhou Qiandong Rare Earth Group Co.||615||118||733|
|China Minmetals Corporation**||604||114||718|
|Ganzhou Chenguang Rare Earth New Materials Co.||637||59||696|
|Xuzhou Jinshi Pengyuan Rare Earth Materials Co.||614||71||685|
|Liyang Solvay Rare Earth New Materials Co.*||498||181||679|
|Guangdong Rising Nonferrous Metals Group Co.||544||87||631|
|Jiangyin Jiahua Advanced Material Resources Co.***||474||153||627|
|Zibo Jiahua Advanced Material Resources Co.***||537||9||546|
|Jiangxi Rare Earth & Rare Metals Tungsten Group Co.||475||2||477|
|Inner Mongolia Baotou Steel Rare Earth Hi-Tech Co.****||377||11||388|
|Baotou Huamei Rare Earth Hi-Tech Co.****||369||16||385|
|Shandong Pengyu Industrial Co.||279||30||309|
|Inner Mongolia Baotou Hefa Rare Earth Co.****||300||8||308|
|Chalco Rare Earth (Jiangsu) Co.||211||84||295|
|Baotou Tianjiao Seimi Rare Earth Polishing Powder Co.****||214||8||222|
|Baotou Santoku Battery Materials Co.||199||7||206|
|Huhhot Rongxin New Metal Smelting Co.||118||10||128|
|Guangdong Zhujiang Rare Earth Co.||64||35||99|
|Ganxian Hongjin Rare Earth Co.*||26||37||63|
|Xi’an Xijun New Materials Co.||4||0||4|
|Sub-Total: Chinese / Non-Chinese JVs||2,999||466||3,465|
* Part of Solvay, which was allocated a total of 1,736 t.
** Part of China Minmetals Group, which was allocated a total of 781 t.
*** Part of Molycorp, which was allocated a total of 1,173 t.
**** Part of Baogang Group, which was allocated a total of 1,303 t.
Here is a comparison of the quota allocations for the past six years:
In 2014, the proportion of M/HRE to total allocations was 11.8%. This compares to 11.7% for 2013 and 12.5% for 2012, the first year that the quotas were split in this way.
There is once again no reflection in the quota allocations, or in the system as a whole, of the findings of the recent WTO case against China concerning export quotas and tariffs. The WTO ruled that the export-control system for rare earths (and other metals) is at odds with the trade rules of the WTO. The case in the latter stages of the appeals process.