Central Broadcasting Network Beijing March 27 , according to news reports, the WTO yesterday ( the 6th ) announced the United States , European Union, Japan v. China rare earths , tungsten, molybdenum export management measures related to the case of the panel report , ruled that Chinese exports of the product concerned management measures violations. Chinese Commerce Department of Treaty and Law Department official has issued a statement said that China is evaluating the report panel decisions and make proper follow-up to the case under the WTO dispute settlement procedures .

Deputy Director of the Department of Treaty and Regulation Department , said Yang Guohua , WTO panel report endorsed the original intention of protecting environmental resources , but two key issues , WTO and China did not stand here .

Yang Guohua : This case from a legal point of view, there are two main problems , one is China on rare earth exports increased by an export tax. Another one is the implementation of export quotas, export only a certain amount each year , the WTO panel report released in , say , the two are inconsistent with WTO rules . These are two core issues .

International Online reports: Headquartered in Geneva, Switzerland, the World Trade Organization on the 26th released in the United States , European Union, Japan v. China rare earths , tungsten, molybdenum three kinds of raw material export restrictions case of the panel report .

This panel report for up to 257 . Report that does not match the relevant provisions of China's rare earths , tungsten, molybdenum export tariffs and China 's WTO accession protocol . In addition , the group also believes that China imposed export quotas on the product concerned does not meet the " 1994 General Agreement on Tariffs and Trade ." In the end, the Group of Experts preliminary ruling , China 's export tax on raw materials of three , export quotas and export management measures in violation of WTO rules , China lost in this litigation.

The Chinese government in recent years to strengthen and improve the high pollution, high energy consumption of the integrated management of resource products . This is not only China conservation of exhaustible natural resources and the needs of the environment , but also for the important efforts made ​​to maintain global sustainable development . China is currently evaluating the report panel decisions and make proper follow-up of the case under the WTO dispute settlement procedures .

Geneva time at 14:00 on March 26 ( Beijing time at 21:00 on the March 26th ) , World Trade Organization announced the appeal Chinese rare earth, tungsten, molybdenum export management measures related to the case of the expert group report of the U.S. , EU, Japan , up more than 260 page final report made ​​a regrettable conclusion.

Commerce Department of Treaty and Law Department official has issued a statement that the panel approved a comprehensive resource and environmental protection measures in China for rare earths, tungsten, molybdenum taken , dismissed the application for EU companies molybdenum export quotas " export performance " requires discrimination foreign companies argued that the Chinese side appreciates .

Event : WTO ruling against China rare case

3/ 26, the WTO announced the United States, European Union, Japan v. China rare earths , tungsten, molybdenum export management measures related to the case of the preliminary report of the expert group , ruled the Chinese products involved in export tariffs and export quotas and export quota management and distribution measures do not comply with the relevant WTO rules and China 's WTO commitments .

Comments: The market has already priced in expectations and rare earth industry rebalancing

(1) We believe that the Chinese side has been losing market had expected and digestion, therefore , more of a psychological impact .

2 earths , tungsten and molybdenum metal to China's advantage , the Chinese side through export tariffs , export quotas and export restrictions channels in order to achieve the protection of scarce resources , protect the environment and control pricing purposes , in part to achieve the purpose , while the Chinese side , also had some negative effects: rare earth prices spike short , smuggling is too serious and price fluctuations affect the normal production of downstream processing enterprises and so on.

According to the British "Financial Times" reported on March 26 , the World Trade Organization (WTO) requires China to cancel the day of export restrictions on rare earths , which is a major victory for the United States , the European Union (EU) and Japan achieved . Rare is the smart phones, cameras , steel and hybrid vehicles in production of key raw materials .

WTO said Beijing over the years to use trade policy to "control" key strategic commodities market , and to encourage manufacturers to move their factories to China . The ruling by the United States , Japan and European trade officials welcomed the latter complained that the export restrictions to allow Chinese companies an unfair advantage.

WTO panel ruled that China's rare earth export policy violation Chinese side expresses regret.

WTO Panel Ruled That China's Rare Earth Export Policy Violation Chinese Side Expresses Regret.

March 25 news After an investigation , resulting in one death and three injuries header " 3.21 " and send RE ammonia tank explosion causes, the direct cause of the explosion was caused by the construction workers illegal operation .

At 3:00 p.m. on March 21 , is located in the same district and hair Baotou Rare Earth Co., Ltd. rare plants occur together. " Ammonia tank explosion ," the accident caused one death and three injuries . Currently , the other three in a stable condition .

After the accident, Baotou municipal government instructed relevant departments rushed to the scene promptly dispose of , and the aftermath of the accident investigation have also started. After three days of careful investigation , the initial cause of the accident has been identified , the reason is that companies in the ammonia tank for the ammonia tank replacement inverted tank clean gas concentration monitoring to ensure the safety of the premise, the transformation of the construction workers illegal operation, using acetylene metal cutting gas welding tank top , fire operations , resulting in non- confined ( tank top has open breathing hole ) fixed roof ammonia volatilization of ammonia gas is mixed with air out of the metal in the tank explosion limit is reached, the case of fire explosion.

According to the survey results, in addition to causing illegal construction workers , the cause of this accident, there are business rules and regulations are not perfect, not strict implementation of the system , safety training is not in place , the daily safety management is not in place , the implementation of laws and regulations are not in place , such as indirect causes . Baotou municipal government made ​​clear requirements , will be severely dealt with strictly related enterprises and responsible person.


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March 26, 2014 market price of rare earth products

Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
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Allah Fula Resources Limited announced the results of the review of capital expenditure and operating costs in the northern territory of Australia Nolan rare earths project.

Encouraging capital expenditures decreased by 27 % to 1.408 billion Australian dollars, rare earth oxides are also reduced operating costs AUD 15.67 / kg , equivalent to an annual cost reduction 98 million Australian dollars.

Nolan initial project capital expenditure reached 1.408 billion Australian dollars ( $ 1,263,000,000 ) , including indirect labor costs and 15% for unforeseen expenses . Indirect costs are mainly engineering, procurement and construction management , expert consulting costs and site fees . Capital expenditures do not include $ 197 million in Allah Fula first 10 years was postponed due to delay in approval of the early selective mining operations consumed .

Capital cost estimates for the company based on the results of several engineering organizations summary drawn .

Operating cost of the project is expected to reach REO15.67 AUD / kg ( $ 14.06 / kg ) , based on total annual production by REO is 20,000 tons. Compared with the current cost of production of rare earth has been published outside China , was reduced by approximately 24% , or an annual reduction of 98 million Australian dollars. The key is the reduction of operating costs, in beneficiation efficiency, extraction and separation of rare earths , streamlining the supply chain , but to do better. Operating costs include routine administrative departments , maintenance materials , contractors , supplies, and other maintenance costs .


Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
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