Obama favorite BlackBerry-like motion without the buzz, the new Toyota Prius cars energy lying in the road, around the world have stopped turning the computer hard drive, all is not about the end of the world sci-fi movie plot, but it is real life, will be staged at the facts, all because they lack a "key ingredient" - Rare Earth.
Rare Earth, a 17 kinds of rare metals and raw materials of chemical elements referred to, including neodymium, lanthanum, cerium and europium, etc., it is widely used in high-tech industries, automotive, petrochemical, and related to national security in dozens of areas industry. "Rare are called rare earth because it is ubiquitous in modern industry, but difficult to obtain, rare earth has become an important raw material overwhelming." Founder of American Metal Technology Jack force will be given a rare earth such Houghton evaluation.
The evaluation also just can fully explain why only in the rumor world's largest exporter of rare earth - China, 2011 will be reduced by 30% export volume of rare earth, the global market has suddenly become very restless.
For the provision of 95% of the world supply of rare earth in China, even a rumor, it will not be easily let go.
"Hard and soft" hands around to force the Chinese Rare Earth
Pressure on China to ensure adequate supply of rare earth, so many a few days ago because of differences between the exchange rate and trade deficit to continue to unite the country together again.
October 26. Federation of German Industries organized a high-level meeting, attended by EU Member States, the World Trade Organization, the World Bank, the United States, industry associations and other parties related to the representative. The main task is to Europe Meeting in China Rare Earth "dependency syndrome" consultation. Meeting to work out a "hard and soft" two countermeasures.
The so-called "soft measures" that Europe join hands to deal with China that will reduce the supply of rare earth, development of a wide range of rare earth supply channels. According to the German Ministry of Economic Affairs officials said, in the rare earth and copper, the German has developed seven new strategic partners, the seven partners, including Mongolia, Namibia, Nigeria, Kazakhstan, South Africa, Chile and Peru. The news was disclosed on condition of anonymity, details of the plan was not made public.
In contrast with the German out for help, the United States began planning "self-reliance." U.S. Department of Energy "critical metals"Task Team Leader said that the U.S. Department of Energy hopes to the end of December to work out the relevant rare earth mining and processing of diverse strategies. "RE diversity is important, because the White House, developed by the U.S. economy under the new economic growth point is a clean energy program. The earth is not the lack of clean energy is an important element." Powell said, "U.S. Department of Energy plans to consider In the next 5 years or more, the increase in the United States of rare earth production. "Currently, the Department of Energy has received about 35 companies from 1000 on how to increase the production of rare-earth proposals.
As the only remaining United States, a rare earth mining companies, mining companies Morley Copa go further, as early as Oct. 19, the company said it is seeking from the U.S. government 2.8 billion dollars in loan guarantees in order to California Pass Pass rare earth mining finance. If a smooth start to the end of 2012, the company expects to produce 20,000 tons of rare earth.
The world's largest importer of rare earth - Japan, diversifying import sources of rare earth has become its top priority. Meeting with the U.S. and Europe the same day, the Japanese cabinet adopted the 2010 supplementary budget, which amounted to 336.9 billion yen a (about 40 billion U.S. dollars) entitled "New Strategies for Growth costs" budget is mainly used to co-operation with third countries development of rare earth resources and support from Japanese companies in the recycling of used cars and household appliances extraction of rare earth resources. There are likely to benefit from the budget of the country as Mongolia, India and Vietnam.
Diversification of sources of the rare earth in the use of "soft measures" to blackmail China, China has the world's rare earth reserves, a large number of re-investment in mining and pollution, and the intersection of possible once again the source of rare earth and other issues also forced the U.S. and Europe resorted to another "hard measures", that is punishment mechanism.
October 22, the EU published a draft strategy for 10 years of trade. Legal provisions which clearly indicated that if any country to block their access to scarce raw materials needed for economic development or energy, the EU will take punitive measures, such as protective tariffs.
October 27, the U.S. House of Representatives Science and Technology Committee 席巴特戈登 said he is urging the industry pressure groups and experts to the Senate, trying to convince their mid-term elections on November 2 as soon as possible after the adoption of a rare earth on the development of domestic motion. Sept. 29, House of Representatives has overwhelmingly passed to 325:98 The "2010 Rare Earth and Recovery Act of key materials." RE Act and other strategic raw materials to strengthen diversity at the same time, interference with access to resources for the country will likely start the antitrust bar column.
In the start of the domestic legislative process, the U.S. and Europe has also opened up international channels. EU and U.S. have put forward will be discussed at the G20 meeting on the issue of rare earth. Following the WTO in 2009, to submit to the restrictions of Chinese bauxite and other industrial raw materials exports 6 proposal, U.S. and Europe that will be included in one of the rare-earth issues. Other countries to export seems to be the WTO since its establishment, "nothing new."
World Trade Organization, Pascal Lamy, Director-General attended the October 26 in the high-level meeting is very clear that WTO has no authority to resolve disputes in a similar material.
"According to historical practice, WTO work more in terms of imports, for exports, the problem seems to be more of a relationship between a country's sovereignty." Lamy said.
Published At: Isnare.com
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