North Korea sanctions affect rare earths supply to Japan and Russia

• Autores: Albert Li
• Localización: Industrial Minerals, ISSN 0019-8544, Nº. 582, 2016 (Ejemplar dedicado a: Abril)
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • China was forced to scrap quotas and taxes on its rare earths exports last year, following a ruling from the World Trade Organization that the measures violated global trading rules. This prompted the Chinese government to control its rare earths supply in other ways, imposing resource taxes and stricter environmental laws.

    Chinese rare earths trading could be boosted by the UN embargoes. The country is said to be eager to retain its position as the world's top rare earths supplier although it still plans to curtail domestic output.

    According to local media reports, the scheme is being supported by the Chinese central government in an effort to increase the value of China's natural resource exports, as well as to prop up Baotou's rare earths sector, which has seen sales and profits fall as slowing economic growth in China knocked back demand for the minerals.