China will cut rare earth exports next year, a move that heightens global concerns over the country’s near-monopoly on production of the minerals.
The commerce ministry announced a 2011 first round of 14,446 tonnes of rare earth export quotas, 4.5 per cent down on last year on an annualised basis.
The lower quota will contribute to a tightening market for rare earths, a group of 17 elements crucial for products including BlackBerry devices, wind turbines and guided missiles.
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