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China announces new guidelines for rare earth

11-12-2010 13:53 BJT

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China's Minister of Commerce has announced new guidelines for companies dealing with rare earth export quotas for 2011. Companies who acquired a 2010 quota can easily re-apply for a 2011 quota.

The guidelines say that the company should comply with industrial policies and regulations on the management of rare earth. The quality of the earth will be benchmarked under a grading system.

The Minister announced that any company will be barred from trading the minerals if there is any illegal practice or misconduct against the national environmental protection policy.

Editor:Xiong Qu |Source: CNTV.CN

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