China to reduce rare earth export quotas

China has a relative monopoly on rare earth elements (REE) production. REE are important component in the production in numerous high technology goods such medical equipment, lasers, cell phones and advanced weaponry, etc. Over-exploitation is another way of saying control of a key component of high-tech production. Shrewd investors might smell an investment opportunity here.

China will "further reduce" quotas for rare earth exports by 30 percent at most next year to protect the precious metals from over-exploitation, said an official from the Ministry of Commerce.

Source: chinadaily.com.cn

Thanks Bob