Export Volume Increases While Price Drops: Three Major Factors Weakens Our Country's Rare Earth Industry

According to data recently disclosed by the Hohhot Customs of Inner Mongolia,in 2013,the volume of rare earth exported through the Hohhot Customs was 5,065 tons,slightly increased compared with 2012,but the export price dropped by 50%.Rare earth enterprises in Inner Mongolia can get 25%of the entire country’s rare earth export quota.Therefore,the volume increase and price decrease of rare earth export in Inner Mongolia can reflect the weakened development of the rare earth industry in 2013.