China hikes half-year rare earth output quotas to record level: Report

China on Friday hiked its rare earth output quotas for the first half of the year by more than 27% to record levels, potentially easing concerns of supply shortages after a spike in prices.
 

China is the world's dominant producer of rare earths, a group of 17 minerals used in electric vehicles (EVs), consumer electronics and military equipment.
 

The rare earth mining output quota for the first half of 2021, to be shared among six major producers, has been set at 84,000 tonnes, a joint statement from China's Ministry of Industry and Information Technology (MIIT) and the Ministry of Natural