China Said To Widen Its Embargo Of Minerals -- New York Times
HONG KONG — China, which has been blocking shipments of crucial minerals to Japan for the last month, has now quietly halted shipments of those materials to the United States and Europe, three industry officials said on Tuesday.
The Chinese action, involving rare earth minerals that are crucial to manufacturing many advanced products, seems certain to further intensify already rising trade and currency tensions with the West. Until recently, China typically sought quick and quiet accommodations on trade issues. But the interruption in rare earth supplies is the latest sign from Beijing that Chinese leaders are willing to use their growing economic muscle.
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More News On China Limiting Rare Earths Exports
China halting key minerals to US: report -- AFP
China-Japan Rare Earth Fracas Continues -- Forbes
China denies reports on halting export of rare earth -- CNN
China Denies Planning to Cut Rare Earths Exports -- ABC News
EU ‘Cannot Confirm’ Claims China Blocking Rare-Earth Shipments -- Bloomberg Businessweek
China’s Rare Earth Policies Getting More Scrutiny -- Wall Street Journal
US inquiry into China rare earth shipments -- BBC
China's hold on the rare earth market -- CNN
A pundit in search of a problem -- The Economist opinion
FACTBOX-Winners & losers from China rare-earths controversy -- Reuters
1 comment:
This really makes economic sense for China. It forces companies to remain in China to manufacture all the goods that utilize these elements. Makes great sense. And the thing is, the USA has plenty of these materials to mine here but the gov often stands in the way of that mining.
Keep your eye on silver. I think it's another metal that is going to be greatly affected by China's metals stance. I use the free app ExactPrice to do that myself.
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