News / Asia

China: Rare Earths Exports Up in 2010

A villager looks towards a rare earth smelting plant as he takes a break from shoveling cast-off tailings of crushed mineral ore that contain rare earth metals in Xinguang Village, (File)
A villager looks towards a rare earth smelting plant as he takes a break from shoveling cast-off tailings of crushed mineral ore that contain rare earth metals in Xinguang Village, (File)
TEXT SIZE - +

China says its rare earths exports grew 14.5 percent in the first 11 months of last year, despite Beijing's decision to reduce sales of the exotic metals needed to manufacture high-tech products.

The Chinese Commerce Ministry says exports of the minerals - 17 elements used to make an array of products from computers to batteries for hybrid cars - rose to 35,000 tons from January to November, exceeding the full-year quota of just over 30,000 tons.

Ministry spokesman Yao Jian did not explain the quota overrun Tuesday.  But he says more than 80 percent of the exports went to Japan, Europe and the United States, and that China will continue to export rare earths globally according to trade regulations.

Listen to Ira Mellman's report on how Toyoya may be developing a new type of electric motor to power its Prius vehicle and cut its dependence on China's Rare Earth minerals.

China, which produces more than 95 percent of the world's rare earths, raised international concerns last year when it briefly blocked shipments of the minerals to Japan, after Japanese patrol boats detained a Chinese fishing boat captain near disputed islands.  That move prompted the United States to call on Beijing not to use rare earths exports as a trade weapon.

Beijing denied any political motivation for the export cutbacks, saying they were spurred by environmental damage from mining.

You May Like

Report: MI5 Tried to Recruit Woolwich Murder Suspect

Suspect's friend, arrested Friday, told BBC Michael Adebolajo had been approached by British security service months ago to work as informant More

Kerry Calls on Nigeria to Stop Human Rights Abuses

After meeting with Nigerian president, US top diplomat welcomes Abuja’s efforts to investigate, reign in excesses by troops fighting Boko Haram militants More

Vintage Apple Computer Sells for $671,400

Auctioneer says buyer is from 'Far East' and wishes to remain anonymous More

Pakistan Reiterates Opposition to US Drone Strikes

Day earlier US President Barack Obama justified 'constrained' drone usage to save lives More

Study Identifies Risks of Human Spread of H7N9 Bird Flu

Study suggest that international measures to contain the H7N9 influenza, in the event of severe outbreak, will need to be targeted in Asia More

Violence Continues in Conakry Over Upcoming Elections

Opposition has called for boycott of elections More

Video Syria's Civil War Fuels Violence in Iraq

Analysts say al-Qaida-linked militants are flowing back and forth from both countries More

Video Star Trek Influence Lives Long and Prospers

As new movie thrills, many are once again discussing the iconic franchise's influence on society, science and technology More

OECD: Developing Green Cities Key to Sustainable Future

OECD suggests strategies to mitigate rapid growth, industrialization in urban centers, which produce about two-thirds of greenhouse gas emissions More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Video

Video Volunteers Help Revive LA's Concrete River

The Los Angeles River is a concrete drainage channel through much of its 80-kilometer length. It channels waste-water from storm drains and has become a receptacle for much of the city's trash. But as Mike O'Sullivan reports, the river is slowly being restored with the help of volunteers, who take part in an annual clean-up.