From the chinese press

Regulate rare earth industry

China's regulation of its rare earth industry is in strict accord with international standards and World Trade Organization rules, says an article in People's Daily. Excerpts:

Rare earths, scarce and non-renewable, have become increasingly essential in new energy technologies and national security applications. Having one-third of the world's rare earth reserve, China accounts for more than 90 percent of the world supply. In the long run, China's rare earth reserve can hardly sustain the world's demand.