• Mon
  • Dec 29, 2014
  • Updated: 7:03am

Rare Earths

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.

China loses appeal against WTO ruling on curbs on trade in rare earths

Rare earth metals mine at Nancheng county, Jiangxi province. Complainants claimed China was limiting exports in an attempt to drive up prices and gain market advantage for domestic producers. Photo: Reuters

China says it "strongly regrets" a decision by the World Trade Organisation to uphold its ruling that the country violated global trade rules by restricting exports of rare earth elements.

Saturday, 9 August, 2014, 3:00am 5 comments

Beijing opposes WTO report said to accuse its rare earths policy of breaking trade rules

China accounts for more than 90 per cent of production of rare earths. Photo: Reuters

China said on Friday it opposes the release of a WTO report about its export curbs on rare earths – exotic minerals used in mobile phones and other hi-tech products – following news accounts that the document accuses Beijing’s policy of being a trade violation.

1 Nov 2013 - 3:46pm

Japan finds rich rare earth deposits on seabed

A rare-earth mineral is shown in Tokyo. Japanese researchers have found a rich deposit of rare earths on the Pacific seabed, with reports suggesting it could be up to 30 times more concentrated than Chinese reserves. Photo: Reuters

Japanese researchers said on Thursday they have found a rich deposit of rare earths on the Pacific seabed, with reports suggesting it could be up to 30 times more concentrated than Chinese reserves.

21 Mar 2013 - 5:36pm

Pentagon and Toyota unite in bid to crack China's rare-earth cartel

A rare-earth mineral is shown in Tokyo. The Pentagon and Toyota are trying to end China's domination of rare-earth exports. Photo: Reuters

The Pentagon and Toyota Motor Corp are trying to crack China's global monopoly on mining the most valuable rare earths used in unmanned military drones and electric car motors.

8 Nov 2012 - 2:22am

Briefs, October 25, 2012

Angang Steel reported a net loss of 1.19 billion yuan in the third quarter.

Citic Bank shareholder selling 458m shares

A Citic Bank shareholder offered US$235 million worth of the bank's shares for sale at a discount of up to 3.15 per cent, a term sheet showed yesterday. The unidentified shareholder offered 458 million of the bank's shares at between HK$4 and HK$4.07 each, it showed. The bank's shares closed at HK$4.13. Reuters

 

25 Oct 2012 - 4:53am

Business Digest, September 20, 2012

US housing starts rose less than expected last month.

Beijing cuts mining permits for rare earths

20 Sep 2012 - 4:18am

China should import more rare earth to protect stocks: China Daily

China, the world’s largest producer and consumer of rare earths, should boost imports of the materials due to growing demand and to protect domestic resources, the China Daily reported on Wednesday, citing senior industry officials.

22 Aug 2012 - 11:36am

Morning Clicks, August 21

Keywords: South China Sea, Nationalism, Gu Kailai, Rare earths, North Korea, Liu Xiaobo, Arctic icebreakers, Western China, Standard of living, Architecture, Consumerism, Kenya, Antigovernment punk bands.  

29 Aug 2012 - 3:06pm