Inner Mongolia's exports of rare earth more than 5,000t in H1
2017-08-18 17:15:30 [Print]
According the statistics released by Hohhot Customs on August 16, in H1 of 2017, the Nei Monggol Autonomous Region exported 5,029.9t of rare earth, up by 130% YOY; the export value was RMB130 million, up by 26.5% YOY; the average export price was RMB26,000/t, down by 44.2% YOY.
Among the import countries of rare earth of Inner Mongolia in H1 of 2017, Japan ranked first. The export volume to America and the Netherlands moved up sharply and the increase in export volume to Russia was the largest.
In H1 of 2017, Nei Monggol Autonomous Region exported 2,510.3t of rare earth to Japan, up by 190% YOY, accounting for 49.9% of its total export volume.
On January 1, 2015, China cancelled the export quota of rare, while on May 1 of 2015, China cancelled the export tariff of the material, making export of rare earth much easier. The small-and-medium-sized private companies without export quotas were more active in production and export and plenty of companies who originally exported rare earth illegally began exporting the material legally. Thus, export volume of rare earth in Nei Monggol Autonomous Region moved up in H1 of 2017.
Nei Monggol Autonomous Region a large rare earth province in China. The Fe-Nb-Reo coexisting deposit which located in Baiyenebo, Baotou, possesses the most rare earth reserves in the world.
Among the import countries of rare earth of Inner Mongolia in H1 of 2017, Japan ranked first. The export volume to America and the Netherlands moved up sharply and the increase in export volume to Russia was the largest.
In H1 of 2017, Nei Monggol Autonomous Region exported 2,510.3t of rare earth to Japan, up by 190% YOY, accounting for 49.9% of its total export volume.
On January 1, 2015, China cancelled the export quota of rare, while on May 1 of 2015, China cancelled the export tariff of the material, making export of rare earth much easier. The small-and-medium-sized private companies without export quotas were more active in production and export and plenty of companies who originally exported rare earth illegally began exporting the material legally. Thus, export volume of rare earth in Nei Monggol Autonomous Region moved up in H1 of 2017.
Nei Monggol Autonomous Region a large rare earth province in China. The Fe-Nb-Reo coexisting deposit which located in Baiyenebo, Baotou, possesses the most rare earth reserves in the world.
