WTO ruling against China Rare Case Review: rare earth industry rebalancing

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.

3 Chinese rebalancing , we believe that in order to achieve the protection of resources , protect the environment , the Chinese side will take more in line with WTO rules , more market-oriented measures and means to achieve the purpose , such as: the establishment of Baotou Rare Earth Exchange , strive to master pricing right ; national reserve ; impose environmental resources tax; combat smuggling , among other measures .

4 . The United States , Japan and Europe rebalancing , through WTO litigation, restart the mining of rare earth ore to reverse the over-reliance on the passive situation of China's exports .

5 Therefore, we believe that the rare earth industry in China , Japan and Europe and U.S. re- balancing process , the realization of a new rare earth industry supply and demand balance and price stability , which is conducive to the entire global rare earth industry chain, health , and sustainable development.


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