Regulation of the rare earths under attack
30.04.2012/1980/1990 - In the XNUMXs and XNUMXs, China sold large quantities of its rare earth deposits to other countries very cheaply. According to a Chinese expert, the current requirement to continue offering such bargains in the long term would be quite irrational.
Zhang Anwen, deputy secretary general of the Chinese Rare Earth Society, said at a seminar Tuesday that allegations of Chinese regulations on rare earth exports are offensive. He was referring to some member states of the WTO who claim that China is stalling supplies. Zhang calls for a solid pricing mechanism that helps protect the environment and the ecosystem. Since rare earth prices have always been set too low in the past, they must now necessarily be increased.
On the 13. In March, the United States, the EU and Japan filed a lawsuit against China jointly before the WTO over its alleged export controls on rare earths. They claimed that the shortage on the world market affected the business of domestic producers.
Over-exploitation of rare earths over the past three decades has led to China now supplying more than 90 percent of the world's rare earths. The reserves have fallen drastically. Barg China three decades ago still 90 percent of the world's rare earth deposits, it is now only just a third.
(CE.cn)
