Why did China recently change its export quota policy on exports of rare earth minerals?
A) China's exports of rare earth minerals exceeded the maximum levels under the quota system.
B) It found that export tariffs were more successful than export quotas in maintaining high world prices.
C) Processing of rare earth minerals leads to low grade radioactive waste by-products.
D) The policy proved to be of little value to China as many other countries found other sources for rare earth minerals.

Question

Quizplus · Accepted Answer

China changed its export quota policy because the policy was of little value as other countries found alternative sources for rare earth minerals, reducing China's leverage in the market.

Why Did China Recently Change Its Export Quota Policy on Exports