GPS News  
TRADE WARS
China rare earth curbs could raise prices: report

by Staff Writers
Beijing (AFP) Jan 7, 2011
China plans tougher environmental standards for miners of rare earths which could raise export prices of the elements used to make products such as iPods and wind turbines, state media said Friday.

The Ministry of Environmental Protection has already approved the regulations, which will slash the amount of pollutants that miners of the minerals are allowed to produce, the China Daily said, citing officials.

The report comes as China, which produces more than 95 percent of the world's rare earths, has tightened control over the elements by cutting quotas for overseas shipments and hiking export taxes.

The moves have raised concern overseas that China was abusing its market dominance, but Beijing has insisted the issue is an environmental one.

The new standards -- set to be released in early February -- will cut permissible levels of ammonia nitrogen and also put curbs on radioactive elements and phosphorus, Huang Xiaowei, vice director of the National Engineering Research Centre for Rare Earth Minerals, was quoted as saying.

"The government will allow two or three years for rare earth companies to upgrade their techniques. If they don't meet the standards, the miners will be banned from the industry," Huang said.

The restrictions will likely result in higher production costs and export prices, the report said, citing Niu Jinglu, deputy secretary-general of the Chinese Society of Rare Earths.

The commerce ministry said last month it had slashed rare earth export quotas by about 35 percent for the first six months of this year, but added that did not necessarily mean full-year export quotas would drop that much.

Rare earths are key components in products ranging from flat-screen television panels to hybrid cars and China's curbs on overseas shipments have prompted complaints from foreign high-tech producers.

Japanese industry sources said China temporarily cut off exports last year during a territorial row between Asia's two largest economies.

The United States last month called for Beijing not to use its control over the metals as a "weapon" to serve political interests.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Global Trade News



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


TRADE WARS
British retailers say snow hits Christmas sales
London (AFP) Jan 5, 2011
British fashion retailer Next and entertainment chain HMV revealed on Wednesday that their sales fell sharply during the crucial Christmas period because of heavy snow and tough trading conditions. Next said in a trading update that it had suffered about 22 million pounds (26 million euros, 34 million dollars) in lost sales because of snow. "Retail sales were significantly affected by ex ... read more







TRADE WARS
China, Hong Kong lap up Bordeaux wine

British watchdog says imported dioxin egg 'no health risk'

Germany closes 4,700 farms in dioxin scare

Germany closes 4,700 farms as dioxin crisis widens

TRADE WARS
Greenpeace ranks 'greenest' electronics

Better Control Of Building Blocks For Quantum Computer

S.Korea's Hynix says chip price slump will hit Q4 profit

Iridium Memories

TRADE WARS
China completes prototype of stealth fighter: reports

France 'confident' of winning Brazil plane contract

Clariant resumes aircraft de-icer output after winter halt

Cathay makes pay offer to pilots: report

TRADE WARS
Car tech dazzles at Consumer Electronics Show

Ford unveils its first all-electric car

Cars the next frontier for Pandora

Renault says target of international spy ring

TRADE WARS
Sulphur Proves Important In Formation Of Gold Mines

US banks win approval for China joint ventures

Germany urges China review rare metals policy

Chinese vice premier starts Britain visit with energy deal

TRADE WARS
Canada invests Can$278 million in 'greener' paper

Predicting Tree Failures And Estimating Damage From Diseased Trees

Indonesia picks Borneo for forest preservation scheme

Comprehensive Report On Sudden Oak Death

TRADE WARS
Google illegally gathered data in S.Korea: police

Sat-nav turtles go on trans-ocean trek

Cyclone Tasha Adds To Severe Flooding Over Eastern Australia

Tidal Flats And Channels, Long Island, Bahamas

TRADE WARS
Obama to regulate carbon from power plants

Romania in talks with Japan on trading carbon credits

Carbon Capture And Storage Technologies Could Provide A New Green Industry For The UK

Oceanic Carbon Fluxes: The Behavior Of Small Particles At Density Interfaces


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement