Workers transport soil containing rare earth elements for export at a port in Lianyungang in Jiangsu province on October 31, 2010. Photo: REUTERS
China’s rare earth producers say they are ready to weaponise their supply stranglehold, pass any tariff as cost to US customers
- The Association of China Rare Earth Industry, which represents almost 300 miners, processors and manufacturers, issued a statement yesterday, citing an August 5 meeting
- “US consumers must shoulder the cost from US-imposed tariffs,” the association said
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Rare earth element
Workers transport soil containing rare earth elements for export at a port in Lianyungang in Jiangsu province on October 31, 2010. Photo: REUTERS