Rare WTO litigation failed, losing only to cherish

WTO recently 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 the export control measures Chinese products involved violations.

Comments : (1) there a grace period , but ultimately lost a large probability . The equivalent of a dispute settlement panel of the court " first instance " , China is expected within 60 days to the equivalent of " Final " senior expert group to challenge. In principle, the Senior Experts Group after 90 days of deliberations , after 3-4 months to conclude , from the current situation , the media and most experts believe the low likelihood of a dispute settlement panel favor .

2 open overseas incremental demand side . Since 2010 the whole industry, " Dodge " ( including mining, smelting, export quotas tripartite ) actually caused the price of the " chaos " ( with dysprosium , for example, in 2011 the highest price reached 1,500 yuan / ton , and now dysprosium oxide prices went back to 160-180 yuan / ton level ) , the price spike also upset the downstream demand . China's large probability of losing to cancel export quotas and reduce tariffs for years : China's annual export quotas of about 30,000 tons / year , involving light rare tariff of 15% to 25% heavy rare earth . For the demand side , the tariffs will undoubtedly add cancel overseas demand side : After the price drop , some had to resist high prices and buy illegal goods companies will switch to a regular supply channels ; while downstream " to dysprosium " of cries will fall.

3 . Supply side malpractice has weakened. Release the export quota is government control to market a necessary process to re-examine " great order " to " chaos ", the market factor should become an important factor in the integration of the big screen . The most direct action after the failure of WTO disadvantage is that it is possible to think of the supply side of the release : Some potential illegal private mining can justifiably enter the supply channel, but the disadvantages of growing consolidation in the industry as well as environmental requirements under the background of rising somewhat weakened. In addition, the dividend policy for many years enjoyed mine enterprises ( the vast majority of the hands of the central enterprises and state-owned enterprises ) , how to be more powerful to resist potential illegal mining will also be a core concern , after all, was more lost treasure .


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