"China set a quota for the first batch of rare-earth mining in 2023 at 120,000 tons on Friday, up by about 20 percent compared with last year's level, with a quota for smelting and separation at 115,000 tons, also up from 97,200 tons in 2022.
"The roughly 20 percent jump was mainly due to China's surging demand for neodymium magnets, also known as NdFeB, along with the rapid development of the country's electric vehicle sector," Wu Chenhui, an independent industry analyst who follows the rare-
earth industry, told the Global Times on Friday.
However, authorities delayed the announcement of the quota, in contrast with the January announcement last year, showing that the government is evaluating market demand following the recovery of the economy, experts said."
https://www.globaltimes.cn/page/202303/1287914.shtml
--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)