Space Industry and Business News  
TRADE WARS
Germany to help Japan obtain vital rare earths: minister

Rare earths -- a group of 17 elements -- are used in high-tech products ranging from flat-screen televisions to lasers to hybrid cars, and China controls more than 95 percent of the global market.
by Staff Writers
Yekaterinburg, Russia (AFP) Oct 16, 2010
Germany will help Japan gain access to vital rare earth minerals which are being withheld by China in a territorial dispute, German Economy Minister Rainer Bruederle said Saturday.

Bruederle was speaking on his way home from a visit to Tokyo where he had talks with Japanese trade and economy ministers Akihiro Ohata and Banri Kaieda.

He said they had raised the possibility of Japan running out of stocks of the commodities vital for the manufacture of electronic goods such as mobile telephones.

In turn Bruederle spoke of eventual joint efforts to explore for new resources of the minerals, more than 90 percent of which are currently produced by China.

While Germany was not currently under threat of losing supplies, it needed urgently to diversify its sources as prices of the minerals rose on world markets.

Bruederle said Berlin and Tokyo wanted to work together to stimulate production in other countries where rare earths are to be found, including Namibia, Mongolia and the United States.

Shipments from China to Japan were quietly halted last month, traders say, amid the worst diplomatic spat in years between the Asian economic giants, sparked by Japan's arrest of a Chinese trawler captain in disputed waters.

Ohata said Friday that Tokyo will decide as early as Monday whether to lodge a protest with Beijing over its export freeze.

China has not officially declared an export stop, but a Japanese trade ministry survey released last week found that all 31 Japanese companies handling rare earth minerals had reported disruption to shipments.

Rare earths -- a group of 17 elements -- are used in high-tech products ranging from flat-screen televisions to lasers to hybrid cars, and China controls more than 95 percent of the global market.

The United States and Japan are now considering filing a case against China at the World Trade Organisation, the New York Times has reported.

Such a case would be complicated by the fact that China has not acknowledged the export halt in any documents or statements, the report said.

Speaking in Brussels on October 6, Chinese Premier Wen Jiabao said Beijing "will not block the rare earth market."

"What we are pursuing is the sustainable development of rare earths, which is necessary to meet national needs -- and also the needs of the world," Wen said.

"We will not use (rare) earths as a bargaining tool but to ensure the development of the world," he said.

Bruederle also visited China, where he cautioned that a global trade war was brewing, amid wide differences between key trading nations on currency policy.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Global Trade News



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


TRADE WARS
Japan weighs direct protest on China rare earth exports
Tokyo (AFP) Oct 15, 2010
Japan will decide as early as Monday whether to lodge a protest with China over its export freeze on rare earth minerals used in high-tech products, the trade minister said. The shipments were quietly halted last month, traders say, amid the worst diplomatic spat in years between the Asian economic giants, sparked by Japan's arrest of a Chinese trawler captain in disputed waters. Japan's ... read more







TRADE WARS
Polymer Behaviors Below The 1 Nanometer Level

Historic computer replica proposed

India seeks 'cool jacket' design to help hot labourers

Tablet computer sales to hit 208 million in 2014

TRADE WARS
Indian army in communication system tender

Military Terrestrial Satcom Market To Grow Slightly

MEADS Demonstrates Interoperability With NATO

Space security surveillance gets new boost

TRADE WARS
Ariane Moves Into Final Phase Of Globalstar Soyuz 2 Launch Campaign

Arianespace Hosts Meeting Of Launch System Manufacturers

Political Obstacles For Sea Launch Overcome

ILS Proton Launch To Launch AsiaSat 7 In 2011

TRADE WARS
NKorea Jamming Device A New Security Threat

KORE Telematics Introduces Location-Based Service Offering

Trimble Releases Next Gen Of TerraSync GPS Data Collection Software

EU's Galileo satnav system over budget, late: report

TRADE WARS
Boeing Projects 90 Billion Dollar Commercial Airplanes Market In Russia And CIS

War games pits Eurofighter against Su-30

Goal set for capping emissions from international aviation

Israel buys F-35 jets with eyes on Iran

TRADE WARS
Intel posts three billion dollar quarterly net profit

Motorola sues Apple for patent infringement

Intel to spend 2.7 billion dollars on Israel plant upgrade

Optical Chip Enables New Approach To Quantum Computing

TRADE WARS
NASA Partnership Sends Earth Science Data To Africa

SMOS Water Mission Winning Battle With Interference

NASA Loosens GRIP On Atlantic Hurricane Season

'A-Train' Satellites Search For 770 Million Tons Of Dust In The Air

TRADE WARS
Hungary to maintain state of emergency after toxic spill

Hungarian cabinet members visit toxic spill site

EU awaits Hungary clean-up before reviewing toxic waste laws

Hungary nationalises toxic sludge company


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. 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 SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement