IBTimes reported that several world economic leaders including Japan and the US have asked the WTO to intervene in the dispute over China’s rare earth export restrictions.
As quoted in the market news:
The request for a dispute settlement board is specifically aimed at China’s exports of rare earths, tungsten and molybdenum. Once created, the panel has six months to deliver a report to the parties. If appealed, the whole process can stretch to more than a year. The WTO could allow trade sanctions in a WTO dispute.