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China raises 2018 rare earth smelting, separation quota by 15 pct y/y

Kitco News

BEIJING, Aug 27 (Reuters) -

* China's Ministry for Industry and Information Technology (MIIT) said on Monday the quota for rare earth smelting and separation in the country had been set at 115,000 tonnes.
* The total, set jointly with China's Natural Resources Ministry, is up 15 percent from 100,000 tonnes in 2017.
* China is the world's top producer of rare earths, a group of 17 elements used in magnets and consumer electronics that have been threatened with U.S. import tariffs.
* The Natural Resources Ministry said in late July China's rare earth mining output quota had been set at 120,000 tonnes for 2018, up 14.3 pct from 105,000 tonnes in 2017. (Reporting by Tom Daly; Editing by Gopakumar Warrier)

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