China States That Rare Earths Will Not Be Used As A "Bargaining Tool", But No One Is Listening

Hillary Clinton, the US secretary of state on a state visit to Japan, welcomed the statement on Thursday but said that further clarification was needed. Photo: Reuters

Rare Earth Metals Won't Be Used As 'Bargaining Tool', Says China -- The Telegraph

China will not use its dominance of vital rare earth metals as a “bargaining tool” against other nations, the country’s industry ministry said on Thursday, as international discontent over China’s alleged hoarding of the metals continues to deepen.

China controls 97pc of the world’s rare earth metals supply and has faced mounting criticism in recent months after announcing it was slashing export quotas for rare earth metals by more than 40pc in 2010 compared with a year earlier.

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More News On China's Dominance On Rare Earths

China will not use rare earths as bargaining chip -- Xinhuanet
China Says Rare Earths Not A `Bargaining Tool' -- NPR/AP
China says rare earths not a 'bargaining tool' -- AFP
China likely to keep rare earth supplies tight -- Reuters
Washington warns against dependence on China for rare earths -- Financial Times
Clinton Seeking Answers on China’s Rare Earth Trade Policy With U.S. -- Washington Independent
Rare earths issue likely topic U.S.-China meetings -- Reuters
The price of China's tech metal monopoly -- Computer World
FACTBOX-How rare earths are used in various industries -- Reuters
China's rare-earth power over global trade -- Washington Post editorial