The Wall Street Journal reported that China's Ministry of Commerce today plans to appeal the World Trade Organization's (WTO) ruling that the country's rare earth element (REE) export restrictions are in violation of global rules.
Articles Tagged "China"
China's State Reserve Bureau reportedly plans to move forward with a new round of REE stockpiling and may also move to build up its REE export controls. Some analysts believe REE prices are set to rise as a result.
Xinhuanet reported that in the first quarter of 2014, Inner Mongolia Baotou Steel Rare-Earth Group Hi-Tech Co. Ltd.'s (SSE:600111) net profit sunk 71.71 percent from the year-ago period, hitting US$11.26 million.
Want China Times reported that on March 28, the Baotou Rare Earth Products Exchange, the first rare earth products exchange in China, opened in Inner Mongolia.
The Guardian reported yesterday that the current "upgrade mentality," which spurs consumers to "replace perfectly good IT solutions or devices with new technology," is increasing the likelihood of a rare earths shortage.
In a decision that's been two years in the making, the World Trade Organization yesterday announced that China's export restrictions on rare earth elements, molybdenum and tungsten violate global trade rules.
Greenland Minerals and Energy Ltd. (ASX:GGG) announced yesterday that it has signed a non-binding memorandum of understanding (MOU) with China Non-Ferrous Metal Industry's Foreign Engineering and Construction Company Ltd. (NFC) (SZSE:000758).
MINING.com reported yesterday that according to a study put together by Germany's Federal Institute for Geosciences and Natural Resources, China's share of global rare earth production has been steadily shrinking these past few years. Currently, it produces about 92 percent of the world's rare earths.
Mining Weekly reported that Andreas Sprecher, CEO of Mining Ventures Brazil Ltda., the parent company of privately held Mineração Serra Verde, believes that Mineração's low-grade, Brazil-based rare earths project could be a good source of rare earths outside of China.
Xinhuanet reported that according to a report from China's Ministry of Information and Technology, in 2013, the country's rare earth industry suffered a 28.1-percent drop in profits.