Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

4/9/2012 (4 years ago)

Catholic Online (www.catholic.org)

Industry has been criticized for driving up unfair export quotas

The nation of China has established a rare earth industry association in order to speed up consolidation of its sprawling industry. Rare earth in China has drawn criticism for what overseas trade partners call unfair export quotas. The association, with 155 members across the country, will report to the Ministry of Industry and Information Technology, which regulates rare earth production.

The official news agency said that the long-awaited body would promote international exchanges and help Chinese companies to handle trade disputes. China's rare earth export quota is managed by China's Ministry of Commerce.

The official news agency said that the long-awaited body would promote international exchanges and help Chinese companies to handle trade disputes. China's rare earth export quota is managed by China's Ministry of Commerce.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

4/9/2012 (4 years ago)

Published in Asia Pacific

Keywords: Rare earth, China, controls, export quotas


LOS ANGELES, CA (Catholic Online) - Baotou Steel Rare Earth in Inner Mongolia, Rising Nonferrous in Guangdong and China Minmetals are among 13 heavyweight members, the Xinhua press agency reported.

Industry vice Minister Su Bo says that Beijing wanted to shake up the industry by phasing out small smelters, giving big players a greater stake in the supply of rare earth metals and boosting environmental protection.

"China will continue to clean up the rare earth industry, expand rare earth environmental controls, strengthen environmental checks, and implement stricter rare earth environmental policies," Su said.

The official news agency said that the long-awaited body would promote international exchanges and help Chinese companies to handle trade disputes. China's rare earth export quota is managed by China's Ministry of Commerce.

The European Union, the United States and Japan all complained to the World Trade Organization last month, saying that China is illegally choking off exports of rare earths to hold down prices for its domestic manufacturers and pressure international firms to move operations to China.

China accounts for about 97 percent of world output of the 17 rare earth metals crucial for the defense, electronics and renewable-energy industries. In addition, these metals are used in a range of products such as the iPhone, disk drives and wind turbines.

Beijing has said its export curbs are necessary to control environmental problems caused by rare earth mining and to preserve supplies of a limited natural resource.

The association consists of 155 members that include industry giants Aluminum Corporation of China and China Minmetals Corporation, was formed to promote sustainable and sound development in the sector.
 
Gan Yong, now an academician of Chinese Academy of Engineering and also president of the Chinese Society of Rare Earths, will be the president of the association.

Yong says the association will work to form a reasonable price mechanism and will work to create a win-win situation for developers and consumers through its coordination efforts.

China has announced production caps, stricter environmental standards and an export quota system for rare earth metals in recent years.

There have been increasing protests from several countries who claim that China is using the precious metals, which are used to manufacture an array of high-tech goods, as a political bargaining chip.

Asked about the recurring frictions, Gan said the newly found association will help deepen international communications and "properly" handle the trade disputes according to international standards and WTO rules.

.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copyright 2016 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for May 2016
Universal:
Respect for Women: That in every country of the world, women may be honored and respected and that their essential contribution to society may be highly esteemed.
Evangelization: Holy Rosary: That families, communities, and groups may pray the Holy Rosary for evangelization and peace.



Comments


More Asia Pacific

Mafia-related demonic possessions cause children to froth at mouth and convulse Watch

Image of Over 80 school children in Peru are believed to be victims of demon possession (YouTube).

By Kenya Sinclair (CALIFORNIA NETWORK)

A "mass demonic possession" has erupted at Peruvian school Elsa Perea Flores, leaving over 80 students convulsing, frothing at the mouth, fainting, and displaying erratic behavior. LOS ANGELES, CA (Catholic Online) - The children, most of whom are between 11 and ... continue reading


Obama to Hiroshima: Will he really be welcome? Watch

Image of US President Barack Obama will be the first sitting president to visit Hiroshima (aljazeera).

By Kenya Sinclair (CALIFORNIA NETWORK)

U.S. President Barack Obama is set to become the first sitting president to visit Hiroshima following the atomic attack August 6, 1945. LOS ANGELES, CA (Catholic Online) - Critics worried Obama's trip was to apologize for the devastation, but according to The New York ... continue reading


Child raped by father then lashed as punishment Watch

Image of India continues to modernize itself but the shift is too slow for many (Wikipedia).

By Kenya Sinclair (CALIFORNIA NETWORK)

India is famous for it's diverse culture, vibrant clothing, incredible festivals, elephant gods, elaborate gold jewelry, the Taj Mahal and spicy food. It is an amazing place for tourists to visit - but what about the natives? LOS ANGELES, CA (Catholic Online) - India ... continue reading


WARNING GRAPHIC VIDEO - Terrorists behead Canadian hostage, release FULL VIDEO Watch

Image of Abu Sayyaf is an ISIS affiliate in the Philippines.

By California Network

Abu Sayyaf, an affiliate of ISIS in the Philippines, has released the full video of the beheading of Canadian hostage, John Ridsdel. LOS ANGELES, CA (California Network) - The graphic video shows the brutal beheading of Canadian hostage, John Ridsdel. He was beheaded ... continue reading


China prepares long-range NUCLEAR WARHEAD in battle for South China Sea Watch

Image of China tested their DF-41 missile (globalsecurity).

By Kenya Sinclair (CALIFORNIA NETWORK)

China continues to test the limits of its DF-41 long-range intercontinental ballistic missile as tensions rise between the country and the U.S. over the South China Sea. LOS ANGELES, CA (Catholic Online) - According to The Free Beacon, Pentagon officials reported the ... continue reading


God's Intervention? Baby girl incredibly survives devastating Japan earthquake Watch

Image of Rescuers discover 8-month-old baby in the rubble of a crumbled building (BBC).

By Kenya Sinclair (CALIFORNIA NETWORK)

Following a 6.5 magnitude earthquake, nine have been reported dead and over 800 people suffered injuries - but God ensured the safety of one blessed little girl. LOS ANGELES, CA (Catholic Online) - According to NBC News, an 8-month-old girl was sleeping peacefully when ... continue reading


No more Christmas in Nepal? Watch

Image of Nepal says no more Christmas.

By Kenya Sinclair (CALIFORNIA NETWORK)

Nepal first recognized Christmas as a national holiday eight years ago, but the 2015 Christmas celebration will be its last. Nepali government officials announced Christmas is no longer recognized as a national holiday, prompting the Christian minority to rise together ... continue reading


'This Christian nursing home is not a place for religious activities': Christians victims of persecution Watch

Image of China destroys thousands of crucifixes to effort to eradicate Christianity (ChinaAid).

By Kenya Sinclair (CALIFORNIA NETWORK)

China's government has destroyed over 1,500 crucifixes in Zhejiang province, China as part of a plan to eradicate the Christian communities. LOS ANGELES, CA (Catholic Online) - Christianity is spreading across China, leading the communist government to grow upset over ... continue reading


We DON'T know it all! Discovery proves Silk Road reached farther than believed Watch

Image of The Silk Road ended with the arrival of sailing ships and modern transportation, but it's mystique still captures the imagination and intrigues historians who appreciate its impact on the development of modern civilization.

By Marshall Connolly (CALIFORNIA NETWORK)

A well-known ancient trade network may have stretched much father than previously believed according to new evidence discovered in Nepal. Chinese-made objects in a 1,600 year-old tomb suggests the Silk Road may have extended south into Nepal. LOS ANGELES, CA ... continue reading


'We are horrified at this Easter attack, and the tragic loss of life': Easter bombing kills at least 70 Watch

Image of The Easter bombing in Pakistan shocked the world (AFP).

By Matt Hadro (CNA/EWTN News)

Religious freedom advocates have condemned the Easter Sunday bombing in Pakistan that killed more than 70, while insisting upon reform within the country to prevent future such attacks. Lahore, Pakistan (CNA/EWTN News) -  "We are horrified at this Easter attack, ... continue reading


All Asia Pacific News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • Benedict XVI to make public appearance?
  • Prayer to Holy Michael the Archangel HD Video
  • Daily Readings for Wednesday, May 25, 2016
  • Nun fatally attacked in South Sudan
  • St. Mary Magdalene de Pazzi: Saint of the Day for Wednesday, May 25, 2016
  • Daily Reading for Thursday, May 26th, 2016 HD Video
  • Faception: New app to identify everyone from pedophiles to terrorists

Daily Readings

Reading 1, First Peter 1:10-16
10 This salvation was the subject of the search and investigation of the ... Read More

Psalm, Psalms 98:1, 2-3, 3-4
1 [Psalm] Sing a new song to Yahweh, for he has performed wonders, his ... Read More

Gospel, Mark 10:28-31
28 Peter took this up. 'Look,' he said to him, 'we have left everything ... Read More

Saint of the Day

Saint of the Day for May 24th, 2016 Image

St. David I of Scotland
May 24: David, the youngest son of Scotland's virtuous ... Read More