Rare earth export quotas or canceled, excess capacity is the true risk
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- Category: Rare Earth News
March 26 , WTO announced the United States, European Union, Japan against 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. This means that China 's export quota management system over the years , or will be forced to cancel.
Face is likely to be canceled rare earth export quota management system , China 's rare earth companies ready yet ?
" According to regulations, upon receipt of the expert group report , there is a right of appeal , the appellate body will make a ruling within three months, within 60 days, so now is not the final case , the expert group is currently being studied law to make analysis to decide whether to appeal. " Deputy Director of the Department of Treaty and Law Department of Commerce Yang Guohua said .
Once abolish restrictions of rare earth export quota management , release of rare earth supply , get the current quota of rare earth enterprises is bound to increase competition , China's rare earth will it return to the " loess price" touting the situation?
May increase competition for enterprises, rare earth products on various parameters indicators refinement requirements of different enterprises targeted products , in addition to even cancel the export quota constraint management system , as well as export qualification , product quality and other aspects , so customers not because of little interest to change the procurement object.
"Sheng and resources at the Ministry of Commerce issued the first batch of rare earth export quotas this year , access to more than 600 tons of export quotas , prices remained stable and the industry average . For effects may want to cancel the export quota management system of the enterprise , which depends on the specific customer relationships , not simply judge. "These Sheng and resources secretaries said.
In addition, he also said that the country 's rare earth industry in 2012 and 2013 are not completely finished using export quotas.
Statistics show that the total 2013 export quota of 24,000 tons of rare earth (equivalent to the physical volume of 31,000 tons ) , the annual quota of rare earth products actual physical volume of exports 22,900 tons , an increase of 36.3% , exports amounted $ 603 million .
Wikipedia information on the rare earth industry analyst Du Baichuan , told reporters that due to the recent downturn in the rare earth downstream demand , the export volume has been far below the actual export quotas, export quotas practical significance has little importance is gradually reduced.
Du Baichuan also said that the light rare earths worldwide are abundant, and more scarce heavy rare earth , Chinese light rare earth exports proper release is possible , should focus on the protection of the heavy rare earths . Moreover, even if forced to cancel the export quotas , customs can also increase the limit ; Meanwhile, the domestic regulation of rare earth enterprises have gradually improved, such as the current national authorities to implement the rare earth industry, invoices, certificates of rare earth mineral rights management and other measures.
Need to speed up the integration of rare earth
Whether the WTO ruling will be appealed , deputy secretary general of China Rare Earth Industry Association陈占恒said the reporter , is currently in the analysis phase of the panel report , comments , " In the absence of full interpretation, complete analysis, published not mature, but will soon be concluded . "
However, industry analysts believe that the possibility of changing the ruling is unlikely.
CPPCC National Committee, China Academy of Engineering , president of the China Rare Earth Industry Association Gan Yong early March , said in an interview , "and the WTO rare earths very grim situation facing lawsuit , WTO has given us the right to appeal , but from the results, there is almost a role in delaying the execution time . "
But the WTO panel report released the same day , the aluminum Rare Ltd. in Sichuan Liangshan , Sichuan Dechang proclaimed , Chinalco 's rare earth industry consolidation platform - China Rare Earth Rare led Leshan Sheng and RE shareholder Representative corporation , utilization of Mineral Resources Chinese Academy of Geological Sciences Institute , Institute of Rare Earth new Materials Co., Ltd., Sichuan Han Xin Mining development Co. , DeChangXian owned Assets Management Co. , Ltd. and other signed agreements.
Ministry of Industry and Information Technology Division inspectors raw materials , rare earth JiaYinSong Office on the day of the meeting , said Chinalco Sichuan State Council meeting clearly lead the integration of rare earth enterprises, RE integration and the formation of working group set up six large deviation must not be allowed rare premise enterprise group .
The real risk
"In fact, the rare earth industry is currently in oversupply situation , downstream demand has weakened rare earth , rare earth prices have been low, even if the elimination of export quota management system , companies bidding space is small, the worry is not the key to the bid . " Du Baichuan told reporters.
He said that the main problem is the rare earth smelting industry overcapacity and a separate set of mining, production, circulation , smuggling as one of the chain of black interests have not been eliminated , and the resulting decline in prices of rare earth products , rare serious business losses .
Reporter finishing discovered , in the rare earth group responsible for the integration of several major companies, its performance last year are not ideal. Rising Nonferrous which the reporting period, operating income of about 1.6 billion , down 32.77% : net loss of 109 million , up 365 percent fell sharply .
The report analyzes revenue up colored Rising rare earth and related products decreased by 802.71 million yuan , of which the rare earth industry revenue down by 365.46 million yuan , rare earth and related products trading business revenue decreased by 437.25 million yuan ( of which export revenue up reducing the 310.87 million yuan ) .
Baotou Steel Rare Earth last year while operating income decreased by 8.33% to 8.47 billion yuan , net profit also fell , edged down 0.11 percent year on year to 1.44 billion yuan ; Annual Sheng and resources in 2013 , the company net profit of about 146 million yuan last year , fell 5.24 percent .
Many industry insiders believe that the current problem is the price of rare earth industry downturn , weak demand , high inventories , due Luancailuanwa still exists , is difficult to count the number of specific stocks . But look at the typical price of rare earth products , such as the price of lanthanum oxide in 2011 more than 30,000 yuan a tonne, the highest ever reached 250,000 yuan , but currently only 20,000 yuan / ton.
Overcapacity and price slump is currently facing a number of challenges rare earth enterprises , and the integration of a large group of rare earth has been slow , perhaps the elimination of export quota system , allowing the export of rare earth return to the market will bring these companies a way out.
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Rare WTO Dispute suffered adverse ruling
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- Category: Rare Earth News
At 14:00 on March 26th, 2014 ( Geneva time ) , the WTO disseminated to the public in the United States , European Union and Japan appeal the panel report my rare earth, tungsten and molybdenum export restrictions WTO dispute case , ruled me about rare earths , tungsten and molybdenum the export taxes , export quotas and export quota management measures violate WTO rules . The Panel also ruled that export taxes I belong to the " Protocol of " the obligation can not invoke " GATT " exception clause ; I export quotas and management measures to protect the environment and natural resources are not related , can not be " GATT "Exceptions to the exemption provisions of the Agreement . But the Chinese expert group recognized the right to take stringent environmental measures to protect the environment and natural resources. According to WTO rules, parties may appeal within 60 days after the report circulated . This declaration of the United States , Japan , the European Union co-sponsored lawsuit lasted two years and finally had the preliminary conclusions from the implementation of China's 1998 rare earth export quota system , or will be forced to end.
In 2009 , the United States , European Union, Mexico, on the Chinese raw material export restrictions appeal to the World Trade Organization WTO. 2011 , WTO ruled that China's export restrictions of raw materials violations . Yesterday , WTO officially ruled China 's restrictions on exports of rare earths violation.
World Trade Organization (WTO) declared the United States , Japan, the European Union co-sponsored lawsuit lasted two years and finally had the preliminary conclusions of 1998 rare earth export quota system implemented or will be forced to end.
Chinese rare earth export quota controversy , began in 2008 , in the middle experienced a " Chinese raw materials WTO dispute " , and finally a comprehensive upgrade to the level of trade disputes in the WTO in 2012 . And this case from the outset , there were already signs of an adverse verdict .
There are people close to the negotiations told this newspaper revealed that the rare earth , from the outset , the U.S. and Europe mainly in China and abroad fire sale prices vary , gaining an unfair trade advantage.
Expert Group report noted that China's rare earth export restrictions adopted failed to demonstrate protection of natural resources , but not with restrictions on domestic production or consumption, with the implementation of the measures . Think of export tariffs on rare earths , tungsten, molybdenum related products taken export quota management measures and export performance and the registered capital of the rare earths , molybdenum export enterprises do not meet the requirements imposed by the relevant WTO provisions .
According to the WTO dispute settlement practice, the panel report issued within 60 days of our country can appeal . After 3-4 months , WTO will issue a final ruling. If the final ruling is still considered China's rare earth export restrictions violation, then our country will be implementing the WTO ruling, amend the related export restrictions . Russia, as a third party to join the negotiations also provided evidence to support this position. And in WTO member countries , there are also a number of developing country Members to support China's position .
China Rare Earth Association Deputy Secretary-General Chen Zhanheng an interview with reporters , said the association has prepared to present specific content of the report ruled study and evaluate the ruling influence the outcome of China 's rare earth industry and member companies , the next step would be to take some measures based on the assessment results .
In China WTO Research Institute of Foreign Economic and Trade University Tu Xinquan opinion, this export quota management system in China since the 1980s began undoubtedly a challenge. One of the most critical is that even rare cases settled, there will be a game behind the other strategic resources. Therefore, China must be prepared at the strategic level , and the current domestic likely " invited heavy criticism " of the relevant measures for reflection.
China WTO Research Association , said He Weiwen of the rules significance than practical significance of rare cases . In fact the last two years because of the international market supply and demand pattern of rare earth changes, China 's quota is not enough, but used up . So even cancel future of rare earth quotas, market and industry will not happen much impact. Management of critical rare earth industry lies in the consolidation of the country .
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April 1, 2014 Market Price of Rare Earth
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- Category: Rare Earth News
Today, the rare earth market due to continued weak demand for cold adjustment . Downstream magnetic , fluorescent , luminescent , alloy four major downstream industry procurement is still light, low market turnover significantly .
Dysprosium oxide mainstream manufacturers tax 160-170 yuan / ton, dysprosium iron mainstream manufacturers tax price 165-175 yuan / ton.
Praseodymium oxide mainstream manufacturers tax price 570,000-580,000 yuan / ton. Neodymium oxide 310,000-320,000 yuan / ton.
Lanthanum oxide manufacturers tax price 21,000-22,000 yuan / ton. Cerium oxide mainstream manufacturers tax price 21,000-22,000 yuan / ton.
Neodymium oxide, praseodymium mainstream manufacturers tax price 315,000-325,000 yuan / ton , praseodymium , neodymium metal mainstream manufacturers tax price 410000-42,000 yuan / ton.
Fluorescent europium oxide mainstream manufacturers tax price 4,000-4,200 yuan / kg. Terbium oxide phosphor grade mainstream manufacturers tax price 3,000-3,200 yuan / kg.
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Rare contest: China need to fight fair rules
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Recently, a bad news hit the morale of the people : the WTO Expert Group published a report on "The U.S. , EU, Japan v. China rare earths , tungsten, molybdenum export management measures related case" , preliminary results suggest that Chinese implementation of rare earth products such as export taxes and export quotas violate the provisions of the WTO framework .
This "trouble" expected.
Of course , there is an opportunity to appeal the Chinese : " After three or four months , will usher in a rare case of second instance , that the final ruling .
But the reality perspective, the likelihood of a successful appeal is unlikely. The case of an expert group members consisting of state-dominated Europe and America ; secondly, export taxes and export quotas of rare earth products such policies were issued by the Ministry of Finance and the Ministry of Commerce and Management , is a government act, trade practices between countries , just go WTO tube .
If the rare case eventually lost , will bring huge negative effect China : raw materials had a dispute case , WTO has ruled China canceled nine kinds of raw materials export quotas , Europe and other countries will take this as the entry point to China strategic resource management systems to form a comprehensive export shock .
For the rare case that many Chinese people feel very unjust . Over the years, China has accounted for only less than 30% of total global reserves of rare earth reserve supply more than 90% of production to the world . Cheapest time , China 's rare earth oxide sold only 15,000 yuan / ton, the cost of raw materials mined only enough , but the high prices on the international market, this number of times. We can say that in Europe and America enjoy a few decades China's cheap rare earths , China because of the exploitation of rare earth causing enormous environmental pollution. This is the price irreversible , China realized the seriousness of the problem, start self-protection , restrict exports of rare earths , the United States and Europe but after another to say "no ."
WTO favors , so Chinese people once again feel deeply dangerous and unfair rules of the game in today's world . In fact , no denying that China has been a victim of the current world political and economic rules of the game .
Commerce Department data show that in 2013 a total of 19 countries and regions of China launched a trade remedy investigations , a total of 92 onwards, an increase of 17.9 % over 2012 .
"This is a major victory for the U.S. , EU and Japan made " the British " Financial Times" summed up , WTO ruling was welcomed by trade officials of the United States , Japan and Europe .
Western countries undisguised joy , their hearts are like a mirror , " no country can hoard of rare earth from global markets, and to allow other WTO members to pay . "The United States Trade Representative Frohman actually willing to speak so Delightful : ' ruling means that U.S. manufacturing companies and workers will be able to compete fair ." European countries enjoying the joy of Chinese people frustrated .
Cheers people in Europe , the Chinese people once again feel the pride and arrogance of Western countries : they live or die regardless of others , just to get their needs met.
China's development in the use of immaturity and lack of Western and Japanese might be able to win the rare case of the WTO dispute , but European and American people happy , or too quickly .
Chinese old saying that the soldiers to be blocked , the water to soil cover . The rapid development of increasingly powerful China can not always be subject to a series of cases of people unfairly imposed unfair rules of the game , such as the case of rare earths , will stimulate and strengthen China and other developing countries to further seek to change the current unfair rules of the World determination. Even rare case settled, China can not fight, Gan Xinshou manipulated , " is exploring the establishment of normative systems consistent with WTO rules to protect rare earth and other strategic resources , such as taking the total mining limits, or a way to manage the resource tax export of resource products . "
Always be a way to cope . We believe that the United States and Europe eventually " lift a rock , smashing his own feet" of the day. United States and Europe in the face of oppression , China will be a positive response, and to develop counter-measures , such as the use of WTO rules, such as U.S. crude oil or natural gas exports proceedings.
All in all, China to protect their own interests, and the United States and Europe contest , perhaps only just begun.
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China Rare Earth, How can we allow America, Europe and forcibly buying cheap
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- Category: Rare Earth News
Rare international lawsuit played two years of the 26th WTO judgment of first instance against China . The reason is , that white is too large and small Chinese rare earth exports , the price is too high, fail in some Western powers will. This decision , in a word : unfair . Said a bit deeper , it is a false by the United States , Japan and Europe affect rhetoric , is not conducive to apply national rules latecomer to beat Li case. China continues to struggle is necessary, inevitable.
China rare earth owners , who stuff who call the shots, right and proper. The annual number of rare earth mining , how mining, export , how to price , naturally decided by China . " ruled " said it was necessary to listen to the United States , Japan and Europe. This is reminiscent of " dominate the market, hard sell ," the city of Pa acts. What 's up , this set also Hing , a good laugh .
Needless to say, equal while, some of China's rare earth mining companies rushed to earth, disorderly competition , compete to lower prices in the international market to sell , " baby selling cabbage price" , China suffered a major loss , other countries accounted for a great deal . Where there is a sense of right and wrong people could see that this is not normal, is unreasonable. China's current approach is simply not normal to let attributed to normal , put unreasonable to be reasonable. China never wanted a monopoly of rare earth trading , and no intention of hoarding , some countries just do not want to take advantage of the endless , self continues to suffer. It certainly does not violate the axioms.
Also see that China has accounted for only 23% of global reserves reserves to provide 95% of the world's rare earth production. To China continued this " exploit " the rare earth mining conditions , is clearly unethical. WTO should be told about the country , would like to use rare earth, but also to look somewhere else , do not stare at China hold. Many countries are rare , like the United States have a rich rare earth resources, just for selfish reasons, do not lay their own , try to consume others .
China WTO should be stated: First , the United States should advocate of sustainable development, which is a major principle , what other agreements, statutes , rules, and compliance should be consistent with this principle, contrary thereto shall be modified , improved. China in the overall planning of economic development , the rational use of resources for the country's future and its future generations to follow precisely the concept of the United Nations on sustainable development.
Second, environmental protection is a common task and the task of all mankind. China is facing serious challenges of environmental pollution , pollution control very difficult task. WTO has enormous influence as a global economic and trade organizations , should China pollution control actions to protect the environment to be strong support , including giving some preferential policies and measures. This relates to the 1.3 billion Chinese people and the world more human well-being. (Lloyd Wood )
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Rare WTO litigation failed, losing only to cherish
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- Category: Rare Earth News
WTO recently announced the United States, European Union, Japan v. China rare earths , tungsten, molybdenum export management measures related to the case of the panel report , ruled that the export control measures Chinese products involved violations.
Comments : (1) there a grace period , but ultimately lost a large probability . The equivalent of a dispute settlement panel of the court " first instance " , China is expected within 60 days to the equivalent of " Final " senior expert group to challenge. In principle, the Senior Experts Group after 90 days of deliberations , after 3-4 months to conclude , from the current situation , the media and most experts believe the low likelihood of a dispute settlement panel favor .
2 open overseas incremental demand side . Since 2010 the whole industry, " Dodge " ( including mining, smelting, export quotas tripartite ) actually caused the price of the " chaos " ( with dysprosium , for example, in 2011 the highest price reached 1,500 yuan / ton , and now dysprosium oxide prices went back to 160-180 yuan / ton level ) , the price spike also upset the downstream demand . China's large probability of losing to cancel export quotas and reduce tariffs for years : China's annual export quotas of about 30,000 tons / year , involving light rare tariff of 15% to 25% heavy rare earth . For the demand side , the tariffs will undoubtedly add cancel overseas demand side : After the price drop , some had to resist high prices and buy illegal goods companies will switch to a regular supply channels ; while downstream " to dysprosium " of cries will fall.
3 . Supply side malpractice has weakened. Release the export quota is government control to market a necessary process to re-examine " great order " to " chaos ", the market factor should become an important factor in the integration of the big screen . The most direct action after the failure of WTO disadvantage is that it is possible to think of the supply side of the release : Some potential illegal private mining can justifiably enter the supply channel, but the disadvantages of growing consolidation in the industry as well as environmental requirements under the background of rising somewhat weakened. In addition, the dividend policy for many years enjoyed mine enterprises ( the vast majority of the hands of the central enterprises and state-owned enterprises ) , how to be more powerful to resist potential illegal mining will also be a core concern , after all, was more lost treasure .
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Rare business mentality shift slightly, praseodymium, neodymium, dysprosium temporarily stabilized
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- Category: Rare Earth News
WTO case because of the recent Chinese Rare Earth sentenced China lost, might be interested in China's export policies affect the market outlook , businesses speculation China may release the light rare earth , more stringent control of heavy rare earths , causing businesses are expected to continue rising for some species . Insiders manufacturers reflect the market for dysprosium , europium, terbium stockpile situation has increased . Today, market players said that now the market is not stable or temporarily Quote clear .
Praseodymium neodymium products, today a slight increase in inquiries , Baotou manufacturers said late Pr-Nd metal likely to rise , the current offer does not yet have a significant adjustment . Baotou rare earth neodymium oxide, praseodymium exchange quote today 326-330 yuan / kg , slightly higher than the day before . According to some manufacturers with Ganzhou understand , the price adjustment is not too obvious , but look at the market has been a change of mind , mental bullish trend growth .
Dysprosium products, according to traders Ganzhou reflect shipments poor market last week , with no votes have no answer 132 tons of cargo in case , but this week the market improved slightly , there are buyers willing to pay 1.35 million / ton to close goods , it is understood that there are vendors have dysprosium oxide with no ticket price rose to 140 yuan / ton. Today, there are businesses with no votes received 1.31 million purchase inquiries, but difficult to accept the price of shipping . Dysprosium oxide with votes quoted at 160 yuan / ton or less , there are back - raised 1.6 million yuan / ton in the case . Other local manufacturers and traders said the actual market price now is about 157-160 yuan / ton.
Baotou Rare Earth Stock Exchange today after the europium oxide quote rose and fell , the price gap is widening, as of 14:00 , the current transaction price range at 3956-4229 yuan / kg , the industry generally believe that businesses europium oxide has now fallen to a very low position.
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Rare battle has just begun
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- Category: Rare Earth News
March 26 , a bad news hit the morale of the people : the WTO panel report released on " the United States, European Union, Japan v. China rare earths , tungsten, molybdenum export management measures related case" , preliminary results believes that the implementation of China's rare earth products such as export taxes and export quotas violate the provisions of the WTO framework .
This "trouble" expected.
Of course , there is an opportunity to appeal the Chinese : " After three or four months , will usher in a rare case of second instance , that the final ruling .
But the reality perspective, the likelihood of a successful appeal is unlikely. The case of an expert group members consisting of state-dominated Europe and America ; secondly, export taxes and export quotas of rare earth products such policies were issued by the Ministry of Finance and the Ministry of Commerce and Management , is a government act, trade practices between countries , just go WTO tube .
If the rare case eventually lost , will bring huge negative effect China : raw materials had a dispute case , WTO has ruled China canceled nine kinds of raw materials export quotas , Europe and other countries will take this as the entry point to China strategic resource management systems to form a comprehensive export shock .
For the rare case that many Chinese people feel very unjust . Over the years, China has accounted for only less than 30% of total global reserves of rare earth reserve supply more than 90% of production to the world . Cheapest time , China 's rare earth oxide sold only 15,000 yuan / ton, the cost of raw materials mined only enough , but the high prices on the international market, this number of times. We can say that in Europe and America enjoy a few decades China's cheap rare earths , China because of the exploitation of rare earth causing enormous environmental pollution. This is the price irreversible , China realized the seriousness of the problem, start self-protection , restrict exports of rare earths , the United States and Europe but after another to say "no ."
WTO favors , so Chinese people once again feel deeply dangerous and unfair rules of the game in today's world . In fact , no denying that China has been a victim of the current world political and economic rules of the game .
Commerce Department data show that in 2013 a total of 19 countries and regions of China launched a trade remedy investigations , a total of 92 onwards, an increase of 17.9 % over 2012 .
"This is a major victory for the U.S. , EU and Japan made " the British " Financial Times" summed up , WTO ruling was welcomed by trade officials of the United States , Japan and Europe .
Western countries undisguised joy , their hearts are like a mirror , " no country can hoard of rare earth from global markets, and to allow other WTO members to pay . "The United States Trade Representative Frohman actually willing to speak so Delightful : ' ruling means that U.S. manufacturing companies and workers will be able to compete fair ." European countries enjoying the joy of Chinese people frustrated .
Cheers people in Europe , the Chinese people once again feel the pride and arrogance of Western countries : they live or die regardless of others , just to get their needs met.
China's development in the use of immaturity and lack of Western and Japanese might be able to win the rare case of the WTO dispute , but European and American people happy , or too quickly .
Chinese old saying that the soldiers to be blocked , the water to soil cover . The rapid development of increasingly powerful China can not always be subject to a series of cases of people unfairly imposed unfair rules of the game , such as the case of rare earths , will stimulate and strengthen China and other developing countries to further seek to change the current unfair rules of the World determination. Even rare case settled, China can not fight, Gan Xinshou manipulated , " is exploring the establishment of normative systems consistent with WTO rules to protect rare earth and other strategic resources , such as taking the total mining limits, or a way to manage the resource tax export of resource products . "
Always be a way to cope . We believe that the United States and Europe eventually " lift a rock , smashing his own feet" of the day. United States and Europe in the face of oppression , China will be a positive response, and to develop counter-measures , such as the use of WTO rules, such as U.S. crude oil or natural gas exports proceedings.
All in all, China to protect their own interests, and the United States and Europe contest , perhaps only just begun.
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Lang refers to the Chinese Rare competent officials and experts do not understand WTO rules
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- Category: Rare Earth News
In fact, the name of Lang certified microblogging , directed at China rare earth quotas , experts and officials of the relevant units of the low level of understanding of WTO rules and lists three reasons were demonstrated .
Recently , WTO panel report ruling Chinese rare earth export policy violations , the Commerce Department of Treaty and Law Department official expressed regret , saying that he would make proper follow-up work under the WTO dispute settlement procedures, and in accordance with the procedure 3-4 months after the case will usher in the final ruling .
China has repeatedly sued after joining the WTO , often losing ( see Outlook information , " Lang said China's rare earth quota is 26 times engage in illegal sued China 's accession to WTO are lost " ) , resulting in China in terms of foreign trade , often damaged the reputation of its the competent departments to blame , Lang points out criticism .
The first sin : knowing that they are impossible
WTO is expressly forbidden to engage in quotas of rare earths but to engage in blatant quota .
The second sin : too high profile
WTO rules government can not subsidize commercial R & D, EU U.S. Boeing subsidies dare to vacancies in the name of scientific research conceal it , only our drums and gongs to tell the world .
The third sin : to give up their rights
We did not join the Government Procurement Agreement , it may indicate domestic government procurement , but the United States a request urging the EU one , we immediately prepared to give up their right to a guilty conscience , open government procurement markets.
Rather than criticize the competent Lang in "stupid " , not as Lang for the U.S. and European countries , " walking a fine line " approach is deeply dissatisfied with China than they did just a more " honorable " , but these Once the interests of foreign countries have nothing lose , they keep complaints China , resulting in China encountered many difficulties in foreign trade . Most users still hope that China 's rare earth resources can have its own initiative , it is something the WTO parties expressed strong dissatisfaction with double standards , set up to praise a comment , said: " Batumi and his successor Wassenaar Agreement , What are the rules in line with WTO ? why other countries can buy technology and equipment in accordance with certain WTO privately agreed a party, you can even obstruct openly refused to sell China ? "
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Rare WTO preliminary ruling against the industry governance at full speed
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- Category: Rare Earth News
Rare loses WTO preliminary ruling , or to drop the tariff -free and quota
The evening of March 26 , Xinhua reported : WTO announced the United States, European Union, Japan v. China rare earths , tungsten, molybdenum export management measures related to the case of the panel report , ruled that the export control measures Chinese products involved violations. According to WTO rules , China's right to appeal within 60 , the final results will be made within 3-4 months after . We believe that our country will remain unfavorable final results ( no successful appeal cases ) , or the future of China 's rare earth export quota will be canceled (about 30,000 tons / year ) and the reduction of tariffs ( 15% lighter weight 25% ) . Currently there are still illegal rare earth rare earth industry, illegal mining and smuggling problems, so if it can not be completed as soon as possible of the rare earth governance and integration , the future loss of tariffs and quotas , legal rare earth market will face a huge impact from the "Black RE ," the .
Smuggling , purchasing and storage , large- group integration , industry governance at full speed
Countries in order to better protect the environment and the rational use of rare earth resources, issued a series of comprehensive management policy . Government insists curb illegal smuggling of rare earth supply redundancy by RE digestion social stock purchasing and storage , to solve the problems left by history . In addition, the Chinese government has established a group of six led development pattern , on the rare earth industry to implement the integration of resources . Therefore, we believe that the government order to correspond to WTO litigation unfavorable outcome , the future of the rare earth industry is expected to accelerate the implementation of governance policies .
Industry fundamentals bottom, the recovery in overseas demand
The government still keep the pressure on rare earth smuggling status ( 14 years in Guangdong , Fujian and illegal mining by local after another into the penalty ) , due to higher market share of the original illegal rare earth (about 50% ) , so the supply -side crunch obvious. 14 years, rare earth downstream demand wind power , electric cars , LED phosphors and other industry recovery ; recovery in overseas demand, which obviously rare earth exports from January to February 2014 cumulative growth of 105% yoy . Therefore, we believe the fundamentals of the rare earth industry has been in 13 years in June ( Ganzhou Rare Earth smuggling ) with prices bottoming out , the future will be a sustained recovery in overseas stocks up , led by growth in demand and emerging needs .
Severity is different , the growth of the light rare earth king : With rare overseas projects coming on stream ( by the end of 2015 , about 30,000 tons ) , the future face of global competition , China will cost advantage in the global market to maintain a high share of the light rare earths .
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