Nonferrous Metals Industry Association vice president: China will actively responding to rare earth litigation

By the end of March , the World Trade Organization ( hereinafter referred to as : WTO) announced the United States , European Union, Japan v. China rare earth, tungsten, molybdenum export management measures related to the case of the panel report , ruled that the export control measures Chinese products involved violations. In accordance with WTO rules , the panel report released in 60 days , the parties may appeal .

The news came out , they were highly concerned about the business and the media , affected by the news , China's A -share market in a number of listed companies in the rare earth industry stock prices fell for several days .

As of yesterday , the news release has been in the past 26 days , from 60 days to appeal the WTO rules the time draws near, our measures will have to deal with it ?

April 16 , China Nonferrous Metals Industry Association vice president and secretary Jia Ming Star , again against the WTO ruled that China rare earth, tungsten, molybdenum export management measures related to the case of non-compliance regarding publicly said that at present , the Chinese government is actively responding to , aspects of non-ferrous metals associations are doing a lot of research work, and the relevant departments of the Chinese government is to discuss and strive to propose solutions.

Programs are research seminars in

After China loses WTO announced that China's rare earth Association official says that China will actively respond to prepare the above , at present, around rare earth exports, many domestic point of view is not one, and some experts believe that the light rare earths and heavy rare earth exports should distinguish , let the light rare earth exports, and increase efforts to protect the heavy rare earths .

Nevertheless, some experts believe that the United States and Europe and other countries on the proceedings of rare earth trade, essentially unbearable Chinese rare earth export prices artificially high, rather than the quota system itself. He pointed out that from 2011 to 2013 of China's rare earth export quotas are not exhausted, the impact of foreign demand for rare earth quotas absence .

Data show that in 2011 China's rare earth export quotas only took 52.01 percent in 2012 was only 48.75% , while in 2013 the total export quota of 24,000 tons of rare earth , rare earth export quota for the year's actual physical product was only 22,900 tons , do not run out.

And in any case, at present , China has decided to actively litigation. Jia Ming Star yesterday also said that the Chinese government and the Ministry of Commerce is actively responding . "Although the WTO panel ruled that China is currently losing initially , but their production and management of Chinese rare earths is still recognized , but the reason for the management of rare earths , the purpose is to protect resources , protect our environment, because travel resources is the wealth of all mankind . "

He said that at present there is a dispute of our country and other countries where rare earth quotas and tariff management approach , the other countries believe that these two do not meet the WTO requirements. As Nonferrous Metals Association , is working with the Ministry of Industry , Development and Reform Commission , Ministry of Environmental Protection positive discussions, set out for the early , consistent with relevant WTO trade rules , and consistent with our domestic rare earth macro-management measures can also bear fruit . Meanwhile, as Nonferrous Metals Association , is currently doing a lot of research work, but also to appoint the chairman of the State Nonferrous Metals Association, Chen whole lot of research work led training , the Association also made a lot of aspects of the program , is to discuss and intergovernmental sectors .

But when the timetable for the introduction of the respondent or related measures , Jia Ming Star did not specify .

Enterprise mood disturbed

Winning or losing is not yet known whether or not the respondent , and as most directly related to the interests of the enterprise side , the mood was very disturbed .

"If the export quotas and tariff reduction , the price of rare earths will drop , which may lead to re-shuffle the industry enterprises . "There are rare corporate stakeholders told reporters pointed out .

He believes that the good news is that after the release of rare earth exports , with the decline in the cost of Chinese overseas orders will increase. In addition, the low tariffs or to squeeze the living space of the smuggling business , big business more profitable for the formal . The short term, foreign markets because consumer demand is likely to increase the price downward , can stimulate domestic enterprises rebound in exports , is expected to alleviate the shortage of rare earth related products demand pressures.

From rare earth production and operation and long-term perspective, the impact of rare earth export policy adjustment is not the key reason for the industry operating order. Excessive exploitation of rare earth bring supply and demand imbalance , excess capacity, low industry concentration , resource potential illegal violations , lack of domestic enterprises and technological innovation, low-end chain is a major problem plagued the development of China 's rare earth industry . Therefore, if the award can boost our long-term governance of violations, enhance domestic and foreign demand , the upgrading of industrial technology, the industry's long-term good business .

In fact , for many years China's rare earth export restrictions limited to raw materials, functional materials exported to downstream devices and applications , such as no restrictions . At present, China 's rare earth export more products to materials, device -based, so the WTO against the export of such products are not affected.

It is understood that actively prepare after losing a few companies , the means are different. Baotou Steel Rare Earth , said the person in charge has ruled against the State designated lead for leading the restructuring of large enterprise groups will not cause too severely affected. The official said that the best response is to clear away the obstacles in the process of mergers and acquisitions , to allow more companies to participate in the restructuring , rare earth materials production enterprises to expand the scope of the merger , after all, Baotou Steel Rare Earth Mineral Resources have upstream control advantage, competitive opponents are mainly exported after the release of foreign enterprises .


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