15 July 2011 17:32 [Source: ICIS news]
However, Donald Bubar, CEO of Canada-based Avalon Rare Metals, said as part of the ministry's announcement
Until now, rare earths made into ferroalloys were not subject to the quotas, Bubar said.
“So, actually, we are going to see some reduction in the amount of material being exported, by how much, that’s anybody’s guess right now,” Bubar said in a briefing on Canadian business television.
Also, while the Chinese measure was being portrayed as an easing of exports, on an annual basis quotas remained basically unchanged from 2010, he added.
China’s announcement came after the World Trade Organization (WTO) this month ruled against Chinese export restrictions of rare earths and other raw materials, in a case brought against the country by the EU, the US and Mexico.
China export restrictions on key raw materials, such as bauxite, coke, fluorspar, magnesium, manganese, silicon metal, silicon carbide, yellow phosphorous and zinc, have caused concern among the European and US chemicals and.
As for Canada’s Avalon, Bubar said the company is studying a rare earths and metals project in the country’s northwest territories, which could start up in 2015.In a related development, French chemicals producer Arkema last month announced plans to invest in a Canadian fluorspar mine.
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