Rare earths are increasingly important for some high-tech products such as smartphones and hybrid cars. China is the world’s largest producer and consumer of rare earths, accounting for 90 per cent of the world’s supply of all rare earths. In 2011, China has been criticised for curbing rare earth exports, and in 2011 it exported 16,900 tonnes of rare earth, down 58 per cent from year ago. It consumed about 83,000 tonnes, against global demand of 110,000 tonnes in 2011, according to an industry estimate.
Rare earth elements will drop further in value this year as new mines boost output and after China lost a trade dispute over its export controls, while demand for high-technology products disappoints.Friday, 28 March, 2014, 2:02am
Beijing stepped up its rebuttal of accusations that it broke global trade rules by restricting exports of key industrial materials known as rare earths, amid an ongoing trade dispute with the United States, the European Union and Japan.21 Jun 2012 - 12:00am
Negotiations on resolving the rare earths trade dispute between China and the US, EU and Japan would start soon, the Ministry of Commerce said yesterday.16 Mar 2012 - 12:00am
Prices of rare earth metals, a group of minerals used by the electronics- and clean-energy industries, are expected to remain high in the next few years after a substantial correction in this year's second half.28 Nov 2011 - 12:00am
Japanese carmakers are bracing for price fluctuations in rare-earth materials as mainland producers come under pressure by the government to suspend production.4 Aug 2011 - 12:00am
Beijing is tightening its squeeze on the world's supply of rare earth elements. Yesterday China's customs department revealed that the country's rare earth exports fell to just 829 tonnes in October. That's just a quarter of average monthly exports over the first nine months of the year.24 Nov 2010 - 12:00am
It is a classic example of why putting too many eggs in one basket is a bad idea. China controls 97 per cent of the world's rare earth metals market not because it has more natural resources, but due to other countries ending production to take advantage of lower Chinese costs.1 Nov 2010 - 12:00am
In principle, Beijing has approved plans to consolidate the rare earth industry along geographical lines.
Rare earth refers to a group of metallic elements used in a number of high-technology products including liquid crystal display screens, energy efficient lighting, lasers and mobile-phone batteries.22 May 2002 - 12:00am
China Rare Earth Holdings's net profit surged 74 per cent to HK$140.92 million for the year to December 31 due to price rises and production expansion.
Company officials said demand for the company's rare earth products had risen because of quick development of the high technology and information technology sectors.29 Mar 2001 - 12:00am