Subscribe free to our newsletters via your
. Space Industry and Business News .




TECH SPACE
China says rare earths practices meet WTO rules
by Staff Writers
Beijing (AFP) June 20, 2012


China said Wednesday its regulation of the rare earths industry was in line with global trade rules, as it faces international pressure over its control of the crucial elements.

The United States, European Union (EU), Japan and Canada lodged a complaint with the World Trade Organization (WTO) in March, claiming Beijing was unfairly choking off exports of the commodities to benefit domestic industries.

China produces more than 90 percent of the world's rare earths, which are used in high-tech equipment from iPods to missiles, and has set output caps and export quotas on the coveted resources.

Gao Yunhu, vice director of the rare earths office of the Ministry of Industry and Information Technology, said its management of the industry was "in full compliance with WTO rules".

"China is willing to cooperate with relevant parties to resolve the issue at an early date," Gao told a news conference at the release of a white paper on rare earth use, protection and trade.

But he added: "China will actively use WTO rules to protect the legitimate rights and interests of the country."

The WTO said the case is now in the consultation phase, the first stage of dispute settlement in which the parties involved try to resolve the issue among themselves before resorting to litigation.

China has previously defended its practices, saying they aim to protect the resources and the environment as part of an effort to promote sustainable development.

The United States and others involved in the WTO case say China's export quotas unfairly restrict overseas sales.

China has so far granted companies the right to export 21,226 tonnes of rare earths this year, although such quotas are not always fully used. The government could also extend the limits.

In 2011, the government granted rare earth export quotas of 30,200 tonnes but only 18,600 tonnes were exported, Vice Minister of Industry and Information Technology Su Bo told the news conference.

According to the just-released policy paper, 56 percent of China's rare earth exports last year went to Japan and 14 percent to the United States. EU member countries accounted for at least 17 percent in 2011.

Su pledged that China would maintain supply to the international market, but Beijing hoped other countries would "share the responsibilities". He added China opposed attempts to "politicise" the issue.

"China opposes politicising the rare earth issue. China has never jockeyed for any economic or political interests," he said.

The country's rare earth industry was worth just over 80 billion yuan ($12.6 billion) last year, Su said.

Another official, director of the ministry's rare earths office Jia Yinsong, said China's rare earth reserves were 18.59 million tonnes in 2009 -- or 23 percent of the world's total -- denying foreign estimates of 36 percent.

.


Related Links
Space Technology News - Applications and Research






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TECH SPACE
Ionic liquid improves speed and efficiency of hydrogen-producing catalyst
Richland, WA (SPX) Jun 20, 2012
The design of a nature-inspired material that can make energy-storing hydrogen gas has gone holistic. Usually, tweaking the design of this particular catalyst - a work in progress for cheaper, better fuel cells - results in either faster or more energy efficient production but not both. Now, researchers have found a condition that creates hydrogen faster without a loss in efficiency. And, ... read more


TECH SPACE
Malaysia rare earths plant gets go-ahead

All the colors of a high-energy rainbow, in a tightly focused beam

GTRI researchers develop prototype automated pavement crack detection and sealing system

Ionic liquid improves speed and efficiency of hydrogen-producing catalyst

TECH SPACE
Boeing FAB-T Demonstrates Communications with On-orbit AEHF Satellite

Lockheed Martin Completes Environmental Testing on Second US Navy Satellite

Raytheon receives contract to link Navy Multiband Terminal to USAF's Polar Satellite

Raytheon receives $79 million award for US Navy Multiband Terminal systems

TECH SPACE
A milestone in launcher preparations for Arianespace's fourth Ariane 5 flight of 2012

US military launches new satellite into space

NASA Administrator Bolden Views Historic SpaceX Dragon Capsule

NASA's NuSTAR Mission Lifts Off

TECH SPACE
Trial by vacuum brings next Galileo satellites closer to launch

Boeing Completes Fifth GPS IIF Satellite for USAF

GPS being used as weather forecast tool

Apple fends off Android challenge with maps, Siri

TECH SPACE
Boeing Named Associate Partner to SELEX Sistemi Integrati in Single European Sky ATM Research Development Phase

Jetstar Japan chief says no threat to JAL's revival

Embraer ups components output in Portugal

Norway orders first two F-35 fighters as part of $10bn deal

TECH SPACE
Renesas shareholders approve $630 mn in aid

Quantum bar magnets in a transparent salt

Researchers 'heal' plasma-damaged semiconductor with treatment of hydrogen radicals

Relocating LEDs from silicon to copper enhances efficiency

TECH SPACE
Anniversary in space - five years of TerraSAR-X

Embedded Educators: Teacher Research Experience in Greenland with Operation IceBridge

Google launches cultural map of Brazil's Amazon tribe

Indra Incorporates Rapideye Satellite Capacity Into Its Earth Observation Service

TECH SPACE
New Software Forecasts Noise Levels in a Street

Red Cross sounds alarm about weapon contamination

UN environment summit opens, but prospects grim

Rights group slams 'lawless' Indian mining industry




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement