Seeking Alpha

Despite chatter about being cut off from supplies, there was no reduction in Japan's imports of...

Despite chatter about being cut off from supplies, there was no reduction in Japan's imports of rare earths from China in 2010. Chinese trading firms confirm that while the metals are harder to get a hold of,  they are still doing business with Japan,
Comments (4)
  • Overall, this is probably accurate...

     

    Though that assumes that everyone ex-China was happy with greatly reduced export quotas.

     

    I absolutely believe that China ultimately did, indeed, fill all the orders they intended to fill... And that those quantities met or even slightly exceeded their published export quotas.

     

    None of this is germane to whether or not the world can get by on the new quotas now at their cut-35% levels for the entire year, though.

     

    Those small stockpiles some folks squirreled away by buying from the Chinese black market smugglers won't go very far...

     

    And the new Chinese REE Cartel (which of course includes the Chinese government) has taken strong measures to cut off supplies for the smugglers, and shut down the black market.
    5 Jan 2011, 04:43 PM Reply Like
  • Additionally, it may have been partly smoke and mirrors to drive up the value of the product and an opportunity for China to test its clout.
    5 Jan 2011, 05:11 PM Reply Like
  • Clearly part of the Chinese strategy is to convince manufacturers who use rare earths that they would be better served to do that manufacturing in China
    5 Jan 2011, 05:34 PM Reply Like
  • Isn't Toyota already planning on doing that with where the Yen is? (Prius hybrid powertrain uses rare earths)
    5 Jan 2011, 07:13 PM Reply Like
DJIA (DIA) S&P 500 (SPY)