China Seen Tightening its Stranglehold on Rare Earths Despite WTO Ruling
Anybody involved in Rare Rarth Elements hailed the ruling of the World Trade Organization when it said that China was illegally stockpiling REEs but the celebration was short-lived. The victory is largely ceremonial, according to analysts.
It’s Official: China’s Quotas and Tariffs are Illegal
China lost. Very few people thought that the World Trade Organization’s case against China would result in a win for China but now it’s official. In a press release, the Office of the United State Trade Representative, Michael Froman announced that the WTO sided with the U.S., E.U., and Japan saying the China’s export tariffs and quotas on rare earths, tungsten and molybdenum were not permissible under WTO rules.
Russian Tensions Bad for Global Rare Earths Business
For those over the age of 30, they probably remember the Cold War—the period between roughly 1947 and 1991 when the Western countries, including NATO, were in a period of political tension with the Eastern nations—mainly Russia but also its Warsaw Pact allies.
North Korea Rich in REE But Mining Them Will Be Difficult
Where might the newest giant deposit of rare earths be located? North Korea, and that’s making the industry both excited and discouraged at the same time.
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