Rare China
China cut quotas on rare earths?
Would not cutting the quota will increase the number of properties on the international market? please help, I do not understand
The mining of rare earth metals in China has reached a 90% global market. Most mines in the art in other countries, including Australia and the United States stopped for two main reasons, high cost and preservation of the reserve for later use. The metal is rare and happens to be very important for high-tech industries. But exports of this metal are cheap mainly because of the manipulation Yuan, and poor development of high-tech industries at local level. The discussions that China should limit the exports were made for some time. The reasons are the need to maintain reserves for local industries that China developed gradually. But the time to do it was not fair. The conflict broke out with Japan, and China has used the situation to impose export quota of Japan cons first. It seems very childish at the international level. Now, the extraction of rare metals is open in many other countries, including Australia and the United States. A scientist in Japan has also argued that it can produce a metal that has same quality of rare earth metal in the laboratory. Criticism that China, number two in the world, no obligation and responsibility the international community are still stronger than anyone.
