Monday, December 27, 2010

The United States will make the G20 Summit will focus on China rare earth issues export limit

United States White House spokesman Gibbs said on 26 October, the United States in November of the Group of twenty (G20) Seoul Summit issues raised rare earth.

In early October, Chinese Premier Wen Jiabao to attend the sixth European Business Summit has made it clear that, on rare earth management and control is necessary, but never blockade. Foreign Ministry Spokesperson Ma zhaoxu's remarks on 26 that regulated rare earth resources is China's sovereign rights, also in line with the relevant provisions of the WTO, not in violation of China's WTO commitments. Limit the important natural resources of export is also a common practice of States, in that context there was no reason to criticize China.

United States clean energy technology businesses not re supply disruption

Gibbs said 26 United States Government was in the "monitoring" the current re supply issues, and concerns about whether the slowdown in China rare earth export. Gibbs said, taking into account the safety of rare-earth's reserves and economic significance, the United States will be made at the G20 Summit of re topics.

United States Department of energy key metal task force in charge of Diana · Bauer 25, then, did not hear any one United States clean energy technology businesses appear re supply disruption. But she said, part of the clean energy company expresses China's future could control the concerns of rare earth export.

United States rare consumption was ranked first in the world, and was once the world's leading producer of rare earth. But for the environment and costs, is no longer mine last United States rare earth, rare earth minerals in 2002 to close.

Japan and the United States is not only rare earth "into the"

According to the Japan economic news "reported that Japan and the United States has been discussed in the" unofficial ", the World Trade Organization (WTO) on China's restrictions on the export of rare earth. However, WTO Director General Pascal Lamy said that WTO was not entitled to handle such materials.

Germany's economy Minister brewood Lei 26, in this connection that free trade agreements must apply to all goods, especially rare earth resources. Any State to remain in the international market activity, it must at the same time, opening up the domestic market. Germany industry Federation day also calls for the United States and Europe should work together to reduce dependence on China rare earth.

Industry analysts pointed out that the rare-earth as very important strategic resources, fully justified the implementation of free trade, and China in the firm grip of their rare earth advantage at the same time, the strategy should be justly determine Exchange features, while acquisition of rare metal as a strategic reserve, using its appreciation.

China rare earth production accounted for 97% of the world, and only in rare-earth reserves but global 9900 million tons of total reserves of 36%. Due to the lack of control of a significant part of the earths are sold to the United States, Japan and European countries. In 2008, China rare earth yield of about 12 000 tons, which accounted for 97% of global output. While the United States and Japan and other countries, you will import re stored for future needs. In 2009, United States of rare earth reserves up to 13 million tons, total world reserves of 13%, the output is zero; Japan, rare earth imports approximately 3 million tons, yield the same as zero.

Rare class of stock prices soar

United States California small business growth research site Kaiser bottom fish Web site statistics, since the end of 2008, the United States rare class of stock has overall increased by 12 times in recent months is the cumulative rise by 35%. Kaiser bottom fish website global mining analyst John · Kaiser warning, rare earth prices in such a short time soaring already filling up the bubble, "now rare earth markets like the 1990s of network industries. ”

Kaiser in particular pointed out that some of the rare companies to date also belong to the project feasibility study stage, most likely simply cannot be put into production, but their stock has jumped.

According to the United Kingdom in the Financial Times reported that inherent in the past week in New York listing rare element resources of the company's stock price increased by 135% increase from the year to date as much as 300%. While the company 2009 only two full-time employees, and by 2015 is expected to begin production.

In rare company listed on the Toronto Neo material Tech CEO Carla teeth, retaining nandrolone is worried that: "when the bubble burst in rare earth industry, I'm afraid someone's tears. ”

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