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Global Mining Markets: Chinese Government adjusts rare earths quota to 15.500 tonnes
After announcing a higher dimension, the Chinese Ministry of Commerce, Gao Hucheng reconsiders and announces the 15.500 tonnes quota for 2014. This quota includes 13.691 tonnes for light rare earths and 1,809 tonnes for medium and heavy rare earths.
The light rare earths are critical in the use of high power magnets while heavy are used in various technologies including TVs and mobile phones. (the geologist)
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