Tag Archives: Rare Earths China

EU, U.S., Japan Seek WTO Steps on China Export Restrictions of Rare Earths

The European Union, the United States and Japan on Wednesday requested a dispute settlement panel at the World Trade Organization (WTO) after failing to resolve a battle over China’s export restrictions on rare earth minerals.

The move followed a complaint the three trade powers took to the WTO in March, the first they have launched jointly, and comes amid a series of clashes with China over economic issues, including the value of the Chinese currency.

“China’s restrictions on rare earths and other products are violating its WTO commitments and continue to significantly distort global markets to the disadvantage of our companies,” EU Trade Commissioner Karel De Gucht said in a statement. “We regret that we are left with no other choice but to solve this through litigation.”

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Japan plans to jointly develop rare earth metals with Myanmar

Japan plans to jointly develop rare earth metals and other natural resources with Myanmar as it attempts to diversify its supply chain for the minerals, which are used in a slew high-tech goods, sources close to the matter said Sunday.

The move was prompted by China, which virtually has a monopoly over rare earth metals but reportedly stopped shipments to Japan last year during an escalating diplomatic spat.

Japan is informally sounding out Myanmar about sending Foreign Minister Wunna Maung Lwin to Japan later this year to advance the plan, the sources said.

Read the rest of the story: Japan eyes rare earth deal with Myanmar.