China cuts first 2024 tungsten mining quota 1.6% from year ago

Adds year-on-year data comparison in paragraph 2, background in paragraphs 3-4

BEIJING, March 19 (Reuters) - China has set its first batch of 2024's mining quota for tungsten concentrate at 62,000 metric tons, the Ministry of Natural Resources said on Tuesday.

That represents a fall 1.6% from 63,000 tons of the first batch of such quota in 2023, which was issued last April.

China issued a total of 111,000 tons of mining quotas for tungsten concentrate in 2023, a year-on-year rise of 1.8%.

The tungsten quota came after Beijing set early in February its first batch of rare earths mining quota for the year at 135,000 tons, 12.5% higher than a year earlier.

(Reporting by Amy Lv and Andrew Hayley; Editing by Muralikumar Anantharaman and Christian Schmollinger)


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