India ramps up rare earths production to meet Chinese challenge
Sai Nikesh D | The Dollar Business Rare earths such as neodymium are used in laser manufacturing and hybrid cars Several countries, including India, are beginning to tap into their rare earths reserves to ensure a steady supply and reduce the monopoly of China in the rare earths market. China’s dominance of the rare earths metals, key ingredients in the manufacture of a host of items from LED lights to smartphones to missiles, has gained much attention in the recent years. Concerns were partly addressed this month, when China removed some restrictions on rare earths exports following an order by the World Trade Organisation (WTO) last year. Experts say that the ruling has resulted in a sharp fall in rare ...
Real changes in Chinas exports of rare earths to come in May 2015
The Dollar Business Bureau This week, China ended a quota system on exports of rare earths following a World Trade Organisation (WTO) panel ruling last year. However, real changes can be felt only after May this year when the government makes key changes in duties on exports of rare earths. China is the world’s largest producer of rare earths which are key raw materials used to make electronic goods, computers and several other high technology goods. China’s share of world’s rare earth production stands at around 90% and India is also dependent on imports of such metals from China and other countries for the production of products such as CFLs and LED Lighting. However, China imposed several trade ...
China removes export quota on rare earth minerals
The Dollar Business Rare earth metals are important raw materials used in the production of high-tech products such as mobile phones, LEDs and missiles China has ended a decade-old quota on export quantities of rare earths such as tungsten and molybdenum, after the World Trade Organisation’s (WTO) Dispute Settlement Body (DSB) adopted the Appellate Body report last year which termed such restrictions as a breach of the WTO rules. China is the world’s largest producer of rare earths which are key raw materials used to make electronic goods, computers and several other high technology goods such as missiles and mobile phones. China’s share of world’s rare earth production stands at around 90% and impacts world economy and trade significantly. India ...
