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China Begins Stockpiling Rare Earths, Draws WTO Attention

eldavojohn (898314) writes | more than 2 years ago

Businesses 0

eldavojohn (898314) writes "A report by China Securities Journal claims that that China is now stockpiling rare earths although it has not indicated when this stockpiling started. Many WTO members have complained about China's tightening restrictions on exports of rare earths while China maintains that such restrictions are an attempt to clean up its environmental problems. A WTO special conference scheduled for July 10th will hopefully decide if China's restrictions are unfair trade practices or if the US, the EU and Japan are merely upset that they can't export their pollution and receive rare earths at low prices. Last year, China granted its mining companies the right to export 30,200 tonnes but in actuality only 18,600 tonnes were shipped out of country."
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