Daily Management Review

China Agrees To Accept Reasonable Rare-Earth Demand


06/03/2019


Amid speculations of China dominating in rare-earth exporters’ market, the country showed signs of meeting other countries’ demand on conditions.



Source: commons.wikimedia.org; (image is in the public domain)
Source: commons.wikimedia.org; (image is in the public domain)
China has consented to meet demands for “rare earths from other countries” provided they are “reasonable”. However, it will not accept if other countries that use “Chinese rare earths” to get into manufacturing as it would “suppress China”, claimed the country’s Commerce Minister.
 
Gao Feng is the spokesperson for the Commerce Ministry of China, who addressing a “weekly media briefing” last week, stressed on this practice being “unacceptable” although no country’s names were revealed.
 
According to Reuters report:
“President Xi Jinping’s visit to a rare earths plant last week had sparked speculation that China would use its dominant position as an exporter of rare earths to the United States as leverage in the trade war”.
 
Rare earths are used in almost everything, as the group of seventeen chemicals can be found in “high-tech consumer electronics to military equipment”.
 
 
References:
reuters.com







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