Abolish restrictions on exports of rare earths outside China media said the compromise to the West

"China's rare earth exports to issuing permits." Chinese New Year period to adjust the Commerce Department export license directory, rare earth quota management canceled the news, on the 5th suddenly cause the world's major media attention. China and the West for years of "rare earth war" is considered ended. Reuters said the restrictions were lifted so that Western countries relieved. The media interpreted this as a signal of economic liberalization China released cooperation.

The media has said, this is a compromise to the West China. Chinese Ministry of Commerce researcher Mei Xinyu, on the 5th of the "Global Times" reporter said that as a WTO member, China's compliance with the relevant regulations. In the long term, this is the Chinese government's efforts to reduce economic intervention of one of the measures.

Reuters reported Wednesday that the Chinese Ministry of Commerce in the New Year period to adjust the export license directory, cancel RE quota management, with export contracts in the future just to apply for export, without providing approval. Generally expected that China will replace the export quotas of raw materials by increasing taxes.

British "Guardian" commented that China's rare earth production accounts for over 90 percent of global output, which has a de facto monopoly. RE for the military as well as computers, mobile phones, wind power equipment, batteries and other technology products required. In 2010, China suddenly announced restrictions on exports of rare earths, the reason for the better protection of the environment and resources, because the production of rare earth need to invest a lot of acid, and produces light of radioactive waste. Reuters said the Chinese government strictly controlled by domestic rare earth production and combating the illicit production and smuggling of rare earth and other measures seeking to enhance China's rare earth products pricing power. After the implementation of China's export restrictions on rare earth prices in the world market increased sharply, triggering concerns in developed countries and complain. "Wall Street Journal," commented that the ensuing trade disputes become rare in recent years, making China and its trading partners appear to cause friction in the new products.


Rare Earth Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email: sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

• < Prev
• Next >