China's "rare earth grievance" is not the case

China supplies more than 90 percent of the world's rare earth resources , but because there is no obtain rare earth pricing , selling resources into "cabbage price ." Assistant President of China Minmetals Mr Wang 's remarks earlier interview , revealed the rare earth industry in the short-board processing areas: one dollar of rare earth materials , we roughing up to sell 10 yuan 20 yuan , to the European and American made ​​products , we would spend 1,000 yuan to buy it back. Scattered, chaotic , poor and disorderly competition , abuse of indiscriminate digging , environmental pollution , excess capacity and redundant construction and other issues are still not fully resolved , the most important is the downstream application industries , there is a big gap from many international advanced level, these rare is the main cause of China devalued .

From mobile phones to computers, from hybrids to cruise missiles , almost all modern equipment needed to rare earth elements. REE is a precision-guided weapons manufacturer called " smart bomb" , a variety of equipment such as radar and night vision goggles indispensable element . Today's world, every six invention of new technology , there is an inseparable rare earth , rare earth is an important strategic resource in the 21st century . China Rare Earth occupies a large number of " world first" , reserves accounted for 53.5% of total world reserves. However , China's rare earth has been extremely low prices to supply the global market , for example in 2009 , the Ministry regulations, then the total rare earth mining control index was 8.23 ​​million tons, but production of the country last released 120,000 tons, accounting for 97% of global production. As among the world's rare earth reserves in the United States three years but few open local mining rare earth mine idea, mainly rely on imports . China began to restrict the export of rare earth , the United States took the EU to the WTO on China report .

Now let 's get out of China's rare earth materials development dilemma is a priority. In terms of policy , the state has adopted policies to restrict production of rare earth export quotas ; within the framework of the WTO , member states can take certain measures to effectively prevent the depletion of their own country , these measures do not violate WTO rules ; institutionally implementation of strategic reserves of rare earth resources in the system , some of the current application can be less difficult sales purchasing and storage of rare earth elements , conducive to the comprehensive protection of China's rare earth resources.

In production mining, mining companies should increase R & D funding , improving rare earth materials processing, finishing degree , scientific evaluation of mineral resource potential for the delineation of a number of indicators of rare earth industry threshold. On export , increase export censorship, restrictions malicious competition for export enterprises and even cancel its export qualification . Internationally, wary of foreign " Bypass " shift the rare earths. In the case of China's strict controls on the export of rare earth materials , factories or acquisitions by foreign companies in China , simple processing of rare earth products "disguised export" behavior intensified. Therefore, for foreign intervention must be strictly.

If further expand horizons , in fact, China on exports of rare earths problem under the " grievance " is not the case , the WTO decade, China frequently encountered criticism in international trade , many lessons worthy of reflection .


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