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







Science & Technology

Bain & Company: E-wallets and cheaper transactions are new payment trends

Is UAV drone industry falling into decay?

UK Scotland Yard employs AI to deal with frauds

US sets to fight robocalls outbreak

Top 7 green energy innovators

Volvo’s New Car Uses Blockchain For Recycled Cobalt

False Memories Can Be Created By Fake News On Social Media, Shows A Study

DEF CON Hosts Auto-Makers And Cybersecurity Enthusiasts

WHO found no danger in microplastics in drinking water

Apple starts testing Chinese OLED screens for iPhone 12

World Politics

World & Politics

US FAA invites representatives from 50 countries to discuss 737 MAX certification

Iran Blamed By US’s Pompeo For The Drone Attacks On Saudi Oil Facility

IMF: Georgieva is the only candidate to replace Lagarde

Saudi Arabia to issue tourist visas

USA introduces sanctions against Iranian space agencies

Investments continue to flow into Cape Verde and exceed expectations of Minister of Finance Olavo Correia

USA, UK to create a working group on economics

Global Fashion Companies Support Environment Protection At G7 Summit