BEIJING/SHANGHAI (Reuters) - China on Thursday issued a second batch of quotas for exports of rare earths this year -- virtually making up for previous cuts -- after its commerce minister met with his EU counterpart to discuss this and other thorny issues between the two trading partners.
The announcement of 15,738 tonnes in the second batch of quotas for 2011 adds to the first round of 14,446 tonnes announced late last year. It also comes just a week after the World Trade Organization ruled against China's curbs on a different mix of raw materials but which some trade partners say could set a precedent.
