The G20 war has not wavered again. After the just-concluded G20 finance ministers meeting avoided the global "currency war", US White House spokesman Gibbs said that Obama may raise the issue of rare earth at the G20 Seoul summit held from 10 to 12 next month. At the same time, Germany has proposed to France, which will take over the presidency of the G20, to include the issue of raw materials on the top agenda and has been agreed by the French Finance Minister.
China's rare earth reserves account for one-third of the world's total, and production accounts for more than 90% of the world's total. The United States and Australia have 15% and 5% of their reserves, respectively. The US Trade Representative Office began to investigate China's relevant policies on environmental technology trade and investment in accordance with Section 301 of the Trade Law. The export of rare earths is also the subject of investigation.
At the meeting of the German Industry Association, representatives from the European Union, the American Chamber of Commerce and a number of German companies joined forces to express concern about the issue of rare earths. Participants agreed that "the current trade regulations are outdated and they cannot cope with China's monopoly of rare earths." Litman, deputy director of the European Chamber of Commerce for Europe and Eurasia, also called on the United States and Europe to jointly solve this problem. But World Trade Organization Director-General Lamy said that the WTO has no power to deal with this matter. At the EU-China meeting in Brussels, EU Trade Commissioner Degut called on countries to disperse sources of rare earth mining and not rely entirely on China to supply rare earths.
Country action
Japan and India declare strengthening rare earth cooperation
Indian Prime Minister Manmohan Singh and Japanese Prime Minister Naoto Kan issued a joint statement on October 25, announcing that the two countries will strengthen cooperation in rare earths and nuclear energy.
Singh and Naoto Kan made a joint statement after nearly two hours of talks, saying that the two countries will strengthen cooperation in various aspects, including: developing and reusing rare earth and rare metal resources; initiating negotiations on nuclear energy between the two countries and reaching an agreement as soon as possible Meet the expectations of the two sides; hold a ministerial economic dialogue. According to the agreement, tariffs on goods and services accounting for 94% of the total bilateral trade between Japan and India will be cancelled in the next 10 years.
US rare earth merchants half price to grab business
US rare earth producers have indicated that they plan to increase the annual production of rare earths in the United States to 20,000 tons by the end of 2012, and to seize 1/6 of the market at half the price of China.
US rare earth producers have pointed out that the amount of rare earths shipped from China is definitely reduced. In order to break the situation of China's control of rare earth supply, the US mine in California plans to start production on January 1 next year, and the project will cost 511 million US dollars. The US Assistant Secretary of Energy said on September 30 that the diversification of important sources of resources is imperative.
The German Federation calls for technology to change rare earth
German Economy Minister Brudley said on the day that most of Germany's industrial materials depend on imports, and the country's industrial base is feeling the impact of a shortage of rare earth supplies.
The chairman of the German Industry Federation, Keitel, said that raw materials are no longer just a matter of procurement and have gradually become a geopolitical issue. Grilo, chairman of the federation's raw materials policy group, said that China is interested in German goods and technology, and Germany can exchange Chinese rare earths.
reaction
Foreign Ministry spokesperson said that the management of rare earth resources is in line with WTO regulations
According to the website of the Chinese Ministry of Foreign Affairs, on October 26, Chinese Foreign Ministry spokesman Ma Zhaoxu pointed out at a regular press conference that the control of rare earth resources is China’s sovereign right and is also in line with the relevant provisions of the World Trade Organization, and does not violate China’s accession to the WTO. Promise of.
A reporter asked: According to reports, China has recently suspended the export of rare earths to the United States and Japan. What is the reason for China’s suspension of exports? Ma Zhaoxu replied that the control of rare earth resources is China's sovereign right and is also in line with the relevant provisions of the World Trade Organization and does not violate China's commitment to join the WTO. Restricting the export of important natural resources is also a common practice in all countries. It is unreasonable to accuse China in this regard. For details, please ask the Chinese authorities.
RAM
China's unlimited resources will be exhausted
China's rare earth production accounts for more than 90% of the world's total output, but the reserves only account for about 30% of the total. If China maintains its current production schedule, China will face a depletion of rare earth resources after 15 to 20 years. Rare earth is known as the “gold†of industry and is a key material for many major weapon systems. Comrade Deng Xiaoping, the chief architect of China's reform and opening up, once said meaningfully: "There is oil in the Middle East, and we have rare earths."
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