From the Chinese
China Daily | Updated: 2010-10-28 08:07
Press The politics over rare earth
The United States and Japan have accused China of breaking World Trade Organization rules for having adjusted its export quota for rare earth elements. But in reality, they are trying to force China to increase its export quota, says an article in Guangzhou Daily. Excerpts:
Known as the "vitamins of industry", rare earth elements have a wide use across the world, especially in nuclear energy production and military affairs. China has the largest reserve of rare earth. And since it is also the largest producer and exporter of the elements, it should have the right to control their prices.
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