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

BEIJING, Aug 27 (Reuters) -

* China's Ministry for Industry and Information Technology(MIIT)said on Monday the quota for rare earth smelting and separationin the country had been set at 115,000 tonnes.
* The total, set jointly with China's Natural ResourcesMinistry,is up 15 percent from 100,000 tonnes in 2017.
* China is the world's top producer of rare earths, a groupof 17elements used in magnets and consumer electronics that have beenthreatened with U.S. import tariffs.
* The Natural Resources Ministry said in late July China'srareearth mining output quota had been set at 120,000 tonnes for2018, up 14.3 pct from 105,000 tonnes in 2017. (Reporting by Tom Daly; Editing by Gopakumar Warrier)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Gold stocks decline as metal drop offsets equity risk on

Canadian mining equity capital raising robust in 2023, early 2024

Gold stocks gain even as metal price pulls back

Copper price forecast swinging significantly on shifting outlook

Upgrades continue for 2024 gold price target...