A recent report from the Congressional Research Office (PDF) suggests that China's restrictive policy on rare earth mineral exports isn't going to change anytime soon. The report comes on the heels of a renewed call for a rare earth production boost in Europe and a dispute settlement filed in March by the United States, Japan, and the European Union with the World Trade Organization over alleged unfair trading practices concerning rare earth minerals.
Two weeks ago we demonstrated what happens to prices of so-called "rare" earth minerals, which are almost exclusively controlled by China, and whose exports China recently decided to cut to a mere trickle, resulting in a 10+ fold in... Read Post
China extracts and produces about 95% of the world's rare earth minerals, and since last year it has cut its exports. The World Trade Organization recently ruled China's export quotas on certain raw materials violate international t... Read Post