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U.S. Challenges China On Rare Earth Exports

 
 
Reply Tue 13 Mar, 2012 01:34 pm
U.S. Challenges China On Rare Earth Exports
by The Associated Press
March 13, 2012

The United States, the European Union and Japan filed complaints Tuesday with the World Trade Organization charging that China is limiting its export of rare earths, minerals that are vital to the production of technology components.

China produces almost all of the world's supply of rare earths but has limited exports in recent years. That worried countries with large technology industries as rare earths are used in a variety of sectors to make hard drives, car parts, electronics, fiber optics — and every smartphone in use today.

China Flexes Muscles With Rare Earth Export Cut

The open pit mine at Molycorp Minerals' rare earths mining and processing facility in Mountain Pass, Calif. The mine is expected to produce 40,000 tons of rare earth minerals each year after a $500 million expansion project.
U.S.

California Challenges China In Rare Earths Mining

EU Trade Commissioner Karel De Gucht said China's export quotas and export duties give Chinese companies an unfair competitive advantage, and must be removed.

"These measures hurt our producers and consumers in the EU and across the world," De Gucht said.

The three separate but coordinated filings with the WTO formally request dispute settlement consultation, which is the first step in a WTO complaint. If no resolution is found, the dispute can be transmitted to a WTO panel for a ruling.

Earlier Tuesday, anticipating the complaints, China defended curbs on production of rare earths as an environmental measure.

Global manufacturers that depend on Chinese supplies were alarmed by Beijing's decision in 2009 to limit exports while it built up an industry to produce lightweight magnets and other goods that use them. China has about 30 percent of rare earths deposits but accounts for 97 percent of the world's production.

China needs to limit environmental damage and conserve scarce resources, said a Chinese Foreign Ministry spokesman, Liu Weimin.

"We think the policy is in line with WTO rules," Liu said at a briefing.

The complaints filed Tuesday follow an earlier EU challenge to China at the WTO on restrictions on other raw materials. Earlier this year, the WTO ruled that export restrictions on those other materials were incompatible with the rules of the global trade organization, of which China is a member.

But EU officials said Chain has made no move to comply with the earlier ruling.
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farmerman
 
  1  
Reply Tue 13 Mar, 2012 08:46 pm
@BumbleBeeBoogie,
altho its not a REE , molybdenite will soon outpace silicon as a really capable mineral for extreme storage of bytes. Silicon is a metal that will generate lotsa heat because it cant be layered ion by ion whereas molybdenite can.

As far as only mountain oass, dont worry, weve got other sources , from the hills of North Carolina to the tin mines of the west.
Dont lets make an issue, its bullshit thats used to manipulate futures
BumbleBeeBoogie
 
  1  
Reply Wed 14 Mar, 2012 10:07 am
@farmerman,
What about Australia's Rare Earth exports?

BBB
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