Western difficult to get rid of rare earth dependence on China

Foreign media said the West is difficult in some areas to reduce dependence on China . Obvious examples are rare : China has announced a significant reduction in the amount of rare earth exports in 2011 . At that time China to meet the global demand for this high-tech material of 95% . China put forward the reasons is that a substantial increase in domestic demand for rare earth industry , therefore, rare earth prices shot up . EU, Japan and the United States subsequently submitted to the WTO complaint , which they considered a violation of WTO rules agreed by all countries .

Germany "Time" weekly website May 13 Journal article said rare earth prices dispute shows how the Chinese people 's dependence on the quasi -monopoly of rare earth and other parts of the world to China. America, Europe and other countries, commitments , in terms of the exploitation of raw materials necessary for such high-tech products are no longer left to the mercy of China , they will quickly realize their exploitation . But since that did not make much progress .

The article said that rare earths are not rare , and many countries have rare earth resources. But the extraction of rare earth metals is considered to be labor intensive , but also leave toxic waste . Therefore , when the 1990s China 's rare earth production and to significantly increase the cost to provide the world's rare earths , most industrial countries closed their mining sites .

The article said that although the WTO has ruled in March 2014 in favor of industrialized countries that China 's export restrictions violated WTO rules, but the effect of the judgment may be small . Actually get executed until the judgment may also take a long time .

At the same time , a diversified industrial countries did not promise success . Although the United States has once again enabled molybdenum an old Mountain Pass mine in California , Malaysia from 2013 onwards ready to buy rare earths from Australia , geologists discovered over the past few years are also hundreds of new deposits in the world , but outside of China Construction enthusiasm for new mining point has been significantly weakened.

The article said that the global economic downturn and the recent Chinese demand for rare earths is also reduced, resulting in rare-earth prices fell to previous levels in 2011 , which reduced the opening of the new mining point of pressure. Centre for European Economic Research believes that until 2020 China will remain a monopoly in the field of heavy rare earths . Currently, about 90 percent of the world's rare earth products still come from China .


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