Space Industry and Business News  
TRADE WARS
Japan confirms resumption of China's rare earth shipments

by Staff Writers
Tokyo (AFP) Nov 24, 2010
Japan's trade minister on Wednesday confirmed China had resumed rare earth shipments to the country, about two months after Tokyo said exports were being held up by a territorial row.

Economy, Trade and Industry Minister Akihiro Ohata told a news conference that the Japanese government had confirmed the departure of two ships carrying rare earth minerals from China.

While further details were not available, "we hope that other shipments will depart as soon as inspections are complete," Ohata said.

Rare earth minerals are used in everything from guided missiles to flat screen televisions and cars, and Japan's high-tech industry is the world's largest user.

China, which has a near-global monopoly on the minerals, has denied any embargo on shipments to Japan amid the territorial dispute, which has since shown signs of thawing.

Last week Japan's Economy, Trade and Industry Ministry said 16 out of 27 surveyed companies that procure rare earths from China had reported "signs of improvement" such as actual loading on ships and faster customs clearance.

Tokyo's row with Beijing stems from the arrest of a Chinese trawler captain whose vessel collided with Japanese patrol boats in waters near a disputed island chain in the East China Sea in September.

Prosecutors released the captain after Beijing cut political, economic and cultural exchanges, but the dispute continued to simmer and nationalists in both countries have staged protests.

Since 2006, China has cut export quotas on rare earths by five to 10 percent a year. Production has also been slashed amid concerns that Chinese supplies could run out in 15 years.

China's restrictions on exports have spurred other countries such as the United States and Australia -- which have 15 and five percent of reserves respectively -- to resume production.



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
Outside View: Chinese mercantilism
College Park, Md. (UPI) Nov 23, 2010
Ben Bernanke is right. Germany shouldn't blame easy money in the United States for the world's woes. Currency mercantilism in China and elsewhere is causing a mess - especially in the United States. Last week, Bernanke, the chairman of the U.S. Federal Reserve, fingered China, Taiwan, Singapore and Thailand for driving down the values of their currencies. Through massive government pur ... read more







TRADE WARS
Google seeking Miramax films for YouTube: NY Post

Thales announces venture for Chinese in-flight systems

HP to focus more on software, new CEO says

Apple releases updated operating system update for iPad

TRADE WARS
Codan Receives JITC Certification For 2110 HF Manpack

Northrop Grumman Bids for Marine Corps Common Aviation CnC

DSP Satellite System Celebrates 40 Years

ManTech Awarded US Army Contract To Provide ECCS In Afghanistan

TRADE WARS
45th Space Wing Launches NRO Satellite

Ball Aerospace STPSat-2 Satellite Launches Aboard STP-S26 Mission

Resourcesat-2 Satellite Launch In January

Ukraine Delivers Taurus II Launch Vehicle's First Stage To US

TRADE WARS
New Simulator Offers Ability To Record And Replay GLONASS And GPS

Russia To Launch New Generation Satellite In 2013

SkyTraq Introduces New GLONASS/GPS Receiver

SES To Contribute To Galileo Operations

TRADE WARS
Should Airplanes Look Like Birds

'Very rare' oxygen bottle blast holed Qantas jet: probe

India approves new airport for Mumbai

Airbus CEO takes dive as A380 has issues

TRADE WARS
Chaogates Hold Promise For The Semiconductor Industry

Caltech Physicists Demonstrate A Four-Fold Quantum Memory

Building A Racetrack Memory

Microsoft sues Motorola over 'excessive' royalty demands

TRADE WARS
Hyperion Hyperspectral Imager Marks Tenth Anniversary On-Orbit

Climate Change On The Go

Redrawing Our Borders

Art on planetary scale shines spotlight on climate change

TRADE WARS
On The Way To Lead-Free Technology

EU team in Naples for garbage crisis as health risks rise

A Technology Solution To Hungarian Disaster Relief With DeconGel

Hungary promises full compensation for toxic mud victims


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