Sunday, February 5, 2012

Department of Commerce: next year China rare earth export volume will be reduced but modest

The Chinese Ministry of Commerce press spokesman Yao Jian 2nd, the Xinhua News Agency said, given the recent rare earth export quotas have been slashed, next year China rare earth export volumes decline rate will not be too large.

Yao Jian said: "for the protection of resources and environment, next year China will remain on the management of rare earth export quotas, and quota will be reduced. ”

Yao kin didn't give out specific reductions, but his latest statement can be regarded as China's Vice Minister of Commerce Chen Jian Monday to the position of the media to further elaborate.

Chen Jian Monday on foreign media that 2011 China rare earth export will not be substantial growth, it will not be substantially reduced.

Chen Jian pointed out that, although China rare earth export management, but without limitation, rare earth export or maintained a certain amount of growth, but is not a casual, through the quota management tools.

Rare is the chemical element in the periodic table of Lanthanide elements, including 17 kinds of chemical elements, widely used in high technology and military fields. In recent years, with high-tech industry is developing rapidly, global demand for rare earths and consumption is growing fast.

Senior Chinese Government officials pointed out that China will strictly protect rare this valuable resource is not renewable, prevent it from being excessive exploitation, especially the indiscriminate drilling indiscriminate mining cause serious environmental damage.

China 1998 began implementation of rare earth products export quota permit system, and the inclusion of rare earth materials processing trade prohibition of class catalog. In 2006, China stopped issuing new rare earth minerals mining licenses, and on rare earth ore mining implemented mandatory plans.

In addition to the control of rare earth export quotas and reduce annual rare ore extraction volume, China has gradually increased the concentration of rare earth industry. Early September this year, the State Council officially released on the promotion of enterprise merger and reorganization of opinion ", the first time rare earth as a key industry merger and reorganization of the list.

However, the Chinese Government on rare earth industry regulation measures abroad, especially those in Europe, the controversial. Some countries even accused China is monopolized resources and rare-earth as a tool of political pressure, a serious violation of the WTO rules, ask the Chinese to relax control of rare earth industry.

To this end, the Minister of Commerce Chen Deming of China stated that China rare earth industry mainly for reasons of environmental protection, is a "last resort". China rare earth export is to promote economic development, but also to consider the protection of the environment and national security, and other factors.

This year, some Western countries against Chinese control management of rare earth export problems launching the "blame" constantly upgraded. China Ministry of industry and information News Department said that China would not be carried out with other rare earth as "bargaining tool."

Beijing, some analysts believe that the US, Europe and China's accusations and attacks is untenable and ulterior motives.

"US-EU policy on resource products is generally the first use of global resources, and finally mining your own resources, and ways to maintain their dispute is their common interests. "China economics China WTO Dean Zhang Lin said.

At present, China rare earth reserves account for approximately 30% of the world, but the trade volume was accounted for in the global trading volume of more than 90%. "China rare earth production scale in the global share of above re reserves worldwide accounted for more than, a significant number of countries on the reserve of rare resources. "Yao Jian said.

Previously there was media coverage means that China 2011 has the potential to further reduce the export quotas of rare earth resources, the highest rate will amount to 30%.

The Chinese Ministry of Commerce official responsible for the last month in response to this, said the Chinese Government will yield under rare earth, domestic and international requirements and the needs of sustainable development, comprehensive study, to develop a reasonable amount of export quotas in 2011.

The official said that China would continue to supply rare earth, at the same time to protect may run out of resources and sustainable development of China will also continue on rare-Earth exploration, production and export of various links in the implementation of restrictive measures, related management measures and the WTO rules do not conflict.

"Some countries limit their own resources to meet the trade export laws and regulations on the transparency of rules and requirements that China should further lessons in practice, the protection of strategic resources development not being led by the nose. "Shanghai WTO Affairs Advisory Center Business Director Feng Jun said.

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