Sponsored by China Mining Association (CMA)
About Chinese Contribution

Home >> News >> Headlines

China won't bow in rare-earth battle

(Global Times)
Updated: 2014-06-19 10:37

    Smartphones, tablet computers and many other high-technology products all rely on rare-earth elements. At present, some 85 percent of the world's rare-earth supplies come from China. Western economies such as Europe and the US have therefore joined forces to break China's domination over these resources.
    The World Trade Organization ruled in April that China violated relegations by restricting rare-earth exports, saying that such practices favored Chinese companies. On the heels of this decision, China sharply increased taxes on rare earths, a countermove aimed against a world trade community dominated by the US and Japan.
    In the past, the US and Russia refrained from mining rare earths in their own countries due to concerns about environmental degradation. Things have changed rapidly over recent years though. In 2013, some 12,000 tons of rare earths were extracted from US mines, 7 times more than in 2011.
    Many analysts believe that the rare-earth battle between China and the West will carry on. China will not cede its position in the market even though other countries are now snooping around for alternative supply sources.
    Based on an article on hexun.com.

Comment: Name ValidCode View Comment
  Copyright 2001-2010. All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Mining Association (CMA). Without written authorization from CMA, such content shall not be republished or used in any form.
If you have any suggestion or opinion, please contact us: (8610) 66557688 or
Note: Browsers with 1024*768 or higher resolution is suggested for this site. Mail Server