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China again tries to ease concerns about supplies of rare earth minerals, as a commerce minister...

China again tries to ease concerns about supplies of rare earth minerals, as a commerce minister says 2011 export quotas will not be cut significantly from current levels. The remarks come after Vietnam and Japan, a big consumer of Chinese rare earths, agree to partner on mining the minerals in Vietnam. REE -8.5%, MCP -7.3%.
Comments (3)
  • Right, like all us importers can actually believe what this man has to say. If their aren't enough rare-earths for China's domestic consumption, what will make them reduce their consumption and seel to us?

     

    This metals are a strategic priority, which is why Molycorp and others are jumping in to start producing again ASAP.
    1 Nov 2010, 02:11 PM Reply Like
  • China doesn't want any competition. They realize the importance of these minerals and the future implications of supplying them. They had already squeezed out the competition and they don't want it coming back
    1 Nov 2010, 02:14 PM Reply Like
  • Yet several American, Canadian and Australian miners are looking for these resources to sell to western nations.

     

    As long as we control our mines and our rare earths production in the long term, this would cease to be the geo-strategic in the future. For the moment, we are entirely at their mercy.
    1 Nov 2010, 02:48 PM Reply Like
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