Connect with us

Tech EU News

China to answer rare metals complaint at WTO

Published

on



http://www.euronews.com/ A dispute over rare metals which has been building for years has come to a head: China has been challenged for restricting its exports. It provides 97 percent of the global output. The US, EU and Japan have fired off a formal complaint with the World Trade Organisation (WTO). The objection includes lower prices for Chinese manufacturers. Foreigners pay up to twice as much, yet cannot shop elsewhere. As in Brussels and Tokyo, the White House said Beijing must play fair.

President Obama said: “American manufacturers need to have access to rare earth material which China supplies. Now, if China would simply let the market work on its own, we’d have no objection. But their policies currently are preventing that from happening, and they go against the very rules that China agreed to follow.”

The rare earths case is the first to be jointly filed by the European Union, the United States and Japan. Rare earths are crucial for the defence, electronics and renewable-energy industries.

Beijing set an export quota of 30,258 tonnes in 2011, but it shipped only 16,861 tonnes last year, official data shows. Export prices over the past two years have quadrupled, encouraging buyers to shift operations to China

Beijing said the complaint was unfair and that it would defend itself in the WTO, citing environmental and supply control problems.

A Chinese Foreign Ministry spokesman said: “Exploiting rare earths effects the environment. China is implementing some management policies governing the environment and resources, working on sustainable development. We believe these policies are in line with WTO rules.”

Refining rare earths requires large amounts of acid. It also produces low-level radioactive waste. Extracting the stuff is harmful for the land, for water supplies and for people.

Rare earth metals are generally dispersed. China has them in concentrated and economically exploitable forms, therefore enjoying a monopoly position. The metals go into hi-tech magnets, lasers, batteries, phones, x-ray machines, lamp bulbs and munitions.

Other countries closed their own refineries over concern for pollution, as well as rare earths mines when China undercut world prices in the 1990s, partly thanks to cheap labour and looser standards.

Find us on:
Youtube http://bit.ly/zr3upY
Facebook http://www.facebook.com/euronews.fans
Twitter http://twitter.com/euronews

source

Continue Reading
18 Comments

18 Comments

  1. @Sam-ob4vg

    February 29, 2024 at 12:13 am

    can't complain when we shut down oursnecause health concerns. china is entitled to health concerns too

  2. @MrNivlek3

    February 29, 2024 at 12:13 am

    It's china's rare earth, they can choose, who to sell to and who can't buy it, so who complained, orange head?

  3. @sstchan924

    February 29, 2024 at 12:13 am

    By price increase China makes domestic rare earth mining profitable in America again.

  4. @andycheong5036

    February 29, 2024 at 12:13 am

    In this case you had no choice. Alternative you can find other materials as substitute

  5. @albertchu7926

    February 29, 2024 at 12:13 am

    Stupid fellow, it’s belong to China and it’s up to China whether they want to sell or not !!! If not happy then go and mine it yourself!!!

  6. @toddpowell2003

    February 29, 2024 at 12:13 am

    America never follows rules…

  7. @ualuuanie

    February 29, 2024 at 12:13 am

    Its a free market right so the buyer can find other sellers and the seller can control the quantity sold right?

  8. @wallylee8470

    February 29, 2024 at 12:13 am

    China's requirement first. The US have their own mines.

  9. @adelineyee1815

    February 29, 2024 at 12:13 am

    Band all sales of rare earth to the USA!!!!!!

  10. @cosmoshfa88savant66

    February 29, 2024 at 12:13 am

    China is the Worlds largest slave labor camp…

  11. @michaeldodd3563

    February 29, 2024 at 12:13 am

    China is evil!

  12. @radioactivsmurf

    February 29, 2024 at 12:13 am

    Amercia better stop stealing

  13. @Wolfsbane909

    February 29, 2024 at 12:13 am

    some of those rare earth metals are radioactive so be careful.

  14. @bleupeony2

    February 29, 2024 at 12:13 am

    Full Spectrum Dominance? Totalitarian democracy at work. We have our own rare earths right here in the US, the idea that we should force China to supply it to us at a low price and poinson the Chinese people is BARBARIC!

  15. @MrTGolden

    February 29, 2024 at 12:13 am

    Let the market work on its own, like Henry Paulson on bended knee begging for $700 billion in '08?

  16. @AncestralReflections

    February 29, 2024 at 12:13 am

    Oh well just blow the crap out of them like you do with any other countries who have what you want.

  17. @ForgottenAustralians

    February 29, 2024 at 12:13 am

    Obummer is a war munger…

  18. @cowwboyfromhell

    February 29, 2024 at 12:13 am

    hahahahaha China caring about the environment ? thats a good one..

You must be logged in to post a comment Login

Leave a Reply

Tech EU News

Zelenskyy calls for trilateral talks with Putin and Trump after meeting with US delegation in Oslo

Published

on



Zelenskyy calls for trilateral talks with Putin and Trump after meeting with US delegation in Oslo

Speaking after a meeting with special envoy Steve Witkoff, Zelenskyy added that he was “thankful” that US early warning intelligence “works now.”

READ MORE : http://www.euronews.com/2026/10/20/trump-envoy-witkoff-to-meet-zelenskyy-in-oslo-before-planned-putin-talks-in-moscow

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

#EuropeNews

source

Continue Reading

Tech EU News

…we will have to abandon coastal cities like New York, New Orleans, Rotterdam and Hamburg.

Published

on



Professor Anders Levermann explains why rising sea levels caused by climate change pose such a risk.

READ MORE : https://www.euronews.com/2021/11/05/we-will-have-to-abandon-coastal-cities-like-new-york-new-orleans-rotterdam-and-hamburg

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

#Climate

source

Continue Reading

Tech EU News

Rotterdam ‘art storage’ museum opens entire collection to public in ‘world first’

Published

on



Visitors to the Depot in Rotterdam will be able to view the 151,000 items in its revered collection.

READ MORE : https://www.euronews.com/2021/11/05/rotterdam-art-storage-museum-opens-entire-collection-to-public-in-world-first

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

#See

source

Continue Reading

Tech EU News

Italian coffee company using solar energy to roast beans

Published

on



An Italian company has devised a way to roast coffee beans by just using the Sun’s energy and dramatically cutting Co2 emissions

READ MORE : https://www.euronews.com/2021/11/07/italian-coffee-company-using-solar-energy-to-roast-beans

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

#World

source

Continue Reading

Tech EU News

Spacewalking astronauts manage possible ammonia leak

Published

on



Spacewalking astronauts worked to avoid getting toxic ammonia on their suits from the International Space Station’s external cooling system on Saturday.

READ MORE : https://www.euronews.com/2021/03/13/spacewalking-astronauts-manage-possible-ammonia-leak

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Living: http://bit.ly/2sMsaDB
Knowledge: https://www.youtube.com/c/euronewsknowledge?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

#World

source

Continue Reading

Trending

On this website we use first or third-party tools that store small files (cookie) on your device. Cookies are normally used to allow the site to run properly (technical cookies), to generate navigation usage reports (statistics cookies) and to suitable advertise our services/products (profiling cookies). We can directly use technical cookies, but you have the right to choose whether or not to enable statistical and profiling cookies. Enabling these cookies, you help us to offer you a better experience.