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**Feloascarlelt** · 06-21-2012, 07:57 PM

News Summary: China defends curbs on rare earths

The Associated Press
Published: Wednesday, Jun. 20, 2012 - 9:14 am

ENVIRONMENTAL EXCUSE? A China Cabinet official rejected complaints that Beijing is using the environment as an excuse to support fledgling Chinese producers of rare-earth products by limiting supplies to foreign rivals.

RARE COMMODITY: China has about a third of the world's rare-earth deposits but accounts for over 90 percent of their production. Beijing alarmed global manufacturers by imposing export quotas in 2009.

TRADE TIFF: The U.S., EU and Japan filed WTO complaints in March accusing Beijing of violating commitments to the free-trade body. They say export limits raise rare-earth prices abroad and give China buyers an unfair advantage.

Read more here: http://www.sacbee.com/2012/06/20/457...#storylink=cpy

06-21-2012, 07:57 PM	#7
Feloascarlelt Join Date Nov 2005 Posts 468 Senior Member	News Summary: China defends curbs on rare earths The Associated Press Published: Wednesday, Jun. 20, 2012 - 9:14 am ENVIRONMENTAL EXCUSE? A China Cabinet official rejected complaints that Beijing is using the environment as an excuse to support fledgling Chinese producers of rare-earth products by limiting supplies to foreign rivals. RARE COMMODITY: China has about a third of the world's rare-earth deposits but accounts for over 90 percent of their production. Beijing alarmed global manufacturers by imposing export quotas in 2009. TRADE TIFF: The U.S., EU and Japan filed WTO complaints in March accusing Beijing of violating commitments to the free-trade body. They say export limits raise rare-earth prices abroad and give China buyers an unfair advantage. Read more here: http://www.sacbee.com/2012/06/20/457...#storylink=cpy
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