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In 2008, the Ministry of Commerce announced the first batch of 23 general trading enterprises granted export quotas for rare earth materials, with a total allocation of 22,780 tons. This move marked a significant step in China's ongoing efforts to regulate and optimize its rare earth industry, reflecting a new phase of national policy adjustments.
The quota distribution was based on the "Regulations of the People’s Republic of China for the Import and Export of Goods," particularly focusing on the export performance of enterprises between January and November from 2005 to 2007. The Ministry emphasized that local commerce authorities must promptly inform relevant companies about the quota allocations and closely monitor their export activities. Any issues or anomalies should be reported immediately to the Department of Foreign Trade within the Ministry.
Among the companies receiving the initial quotas were major players such as China National Steel Corporation, China Minmetals Nonferrous Metals Corporation, Jiangsu Zhuoqun Nano-Rare Earth Co., Ltd., Inner Mongolia Hefa Rare Earth Science and Technology Development Co., Ltd., and Ganxian Hongjin Rare Earth Co., Ltd., among others. A total of 23 enterprises were included in this first round of allocations.
This decision underscores China's continued focus on managing the export of strategic resources, ensuring sustainable development while maintaining control over the global supply chain of rare earth elements. It also highlights the importance of compliance and transparency in the sector, as the government seeks to balance economic growth with environmental and resource management goals.