China's rare earth export quotas cancellation limited impact on Japan

It was reported recently China canceled export quotas for rare earths, Japan Japan-related industry that has gained a new channel, dramatically reducing dependence on Chinese rare earths, so China The impact on Japan's export policy adjustment is not large.

Reported that in 2010 when China began to restrict exports of rare earths, Japan's imports from China account for about eighty percent of the total import volume of rare earth, rare earth prices subsequently rose sharply once, a tremendous impact on related industries. But Japanese companies on the one hand the development of alternative technologies available through other means new sources of rare earths, on the one hand to control the use of rare earth, and therefore the real impact of the Japanese industry suffered quite limited.

Nissan Vice President Toshiyuki Shiga said, "(Nissan) in promoting the development of related technologies, while reducing the use of rare earth, and find the sources of supply outside of China." Toshiba President Hisao Tanaka said, "Now the price has come down somewhat, (China this policy adjustment) has no effect."

Japan's report also quoted experts as saying that the rare earths in the field of electric vehicles, fuel cells, wind power has been widely used, is an indispensable resource, China itself will rise in demand for rare earths in the future, so the supply of rare earths is still possible tense situation.


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