Tuesday, 22 October, 2019

China threatens to limit rare earths exports in warning over trade war

China’s state planner suggests using rare earths as leverage in U.S. trade war Chinese President Xi Jinping after an April news conference on the outskirts of Beijing
Russell Knight | 30 May, 2019, 09:22

China produces about 95% of the world's rare earth minerals, and the United States depends on China for as much as 80% of its imports.

In a commentary headline "United States, don't underestimate China's ability to strike back", the ruling Communist Party's official People's Daily noted the "uncomfortable" dependence on rare earths from China of the United States.

Will rare earths become China's counter weapon against the unreasonable crackdown from the U.S.?

China, which has roughly 40 percent of the global reserves of rare earths, accounted for nearly 80 percent of USA imports of the elements previous year, according to Bank of America Merrill Lynch.

Strengthening the exploitation of rare earths will have a positive effect on Chinese and world economic development, allowing for the fact that rare earths resources are in great demand in many developed countries. Without doubt, the US wants to use the products made with the rare earths imported from China to suppress China's development. Despite their name, most rare earth metals are similarly abundant as more familiar elements like copper, nickel, and zinc.

Speculation began when Chinese leader Xi Jinping on May 20 visited a Chinese rare-earth mining company in Ganzhou City, which is known for its rich deposits of rare-earth minerals.

Rare earths including yttrium and terbium are used for laser targeting and weapons in Future Combat Systems vehicles, according to the Congressional Research Service report.

The paper also called on the Chinese government to intensify a "crackdown on the smuggling of rare earths to the United States".

Nancy Pelosi slams Facebook over doctored video that made her seem drunk
According to the Washington Post , Facebook has "heavily reduced" the video's appearance in people's news feeds. Facebook did not immediately respond to a request for comment. "But [Facebook is] lying to the public".

US remove India from currency monitoring list; China, Japan stay
Being labelled a currency manipulator doesn't come with immediate penalties, but can rattle financial markets. Vietnam and Singapore's neighbour Malaysia have also been added to the watch list for currency manipulation .

Antibiotics are in our rivers
The researchers found that Ghana, Bangladesh, Kenya, Nigeria and Pastikan were home to the most contaminated rivers. The two-day annual meeting of the Society of Environmental Toxicology and Chemistry ends on Tuesday.

The U.S. imported $160 million worth of rare-earth metals and compounds in 2018, an increase of 17% from the prior year, but down from $519 million of refined rare-earths in 2012, according to the U.S. Geological Survey.

The Department of Defense accounts for about 1% of total U.S. consumption of rare earths, according to a 2016 report from the U.S. Government Accountability Office.

The glass industry is the largest consumer of rare earths, which are used for polishing, additives for color and other special optical properties.

In the Senate, Lisa Murkowski of Alaska and Joe Manchin of West Virginia introduced bipartisan legislation in April, which aims to facilitate technology needed to extract rare earth elements from coal.

Still, it wouldn't be the first time China tried to use its dominance in rare earths as part of a trade conflict. The huge price spike worked against Beijing, as it encouraged a surge of illegal production in China; it also motivated new production in countries such as Australia and destroyed demand for Chinese rare-earth metals. "China has plenty of cards to play", it stated.

The paper's editor had said on Twitter late on Tuesday that Beijing was "seriously considering" restricting rare earth exports to the United States.

"If you are mining rare earths and you want to change your process a little bit, then you have to apply for a permit, and environmental groups who oppose to any kind of mining will break their back to oppose that", he explained. The last USA source for rare earths, the Mountain Pass Quarry in California, closed in 2015. Five years ago, the World Trade Organisation slapped down China's attempt to restrict the export of rare earths, rejecting its claim that it just wanted to protect the environment and conserve supplies.

The People's Daily said the United States was trying to contain China's technological advancements, but that it had overlooked how intertwined the global supply chain had become.

Recommended

White House Wanted USS McCain Out of Trump's View White House Wanted USS McCain Out of Trump's View Journal reporter Rebecca Ballhaus ran through some more details with an incredulous Anderson Cooper on CNN Wednesday night. Currently, the ship is not on active deployment as it is being repaired following a 2017 collision with an oil tanker.

'Gaming Disorder' Recognised as an Illness by World Health Organisation 'Gaming Disorder' Recognised as an Illness by World Health Organisation Turns out, burnout is now officially recognized by the World Health Organization ( WHO ) as an " occupational phenomenon ". Due to take effect in January 2022, the latest edition considers excessive gaming as an "addictive behavior disorder ".

Berube says Dunn could return for Game 2 Berube says Dunn could return for Game 2 The Blues shot out to an early hot start, but were eventually doomed by discipline issues and a fiery Bruins comeback. The Bruins ultimately shook off the rust and started to play their game, and that's when the tide turned.

Israel says strikes Syria, Damascus says soldier killed Israel says strikes Syria, Damascus says soldier killed The back-to-back statements come amid heightened regional tension over Iran's role in Syria and other parts of the Middle East. The IDF said it struck the launch site in response, Israeli media said.

Charging Trump was not option, says Robert Mueller Charging Trump was not option, says Robert Mueller House Democrats want Mueller to testify publicly, though no date or arrangements have been set, and it's not clear that he will. Constitution "requires a process other than the criminal justice system to formally accuse a sitting president of wrongdoing".

Ole Gunnar Solskjaer scores in a charity clash at Old Trafford Ole Gunnar Solskjaer scores in a charity clash at Old Trafford The match took place in order to raise money for the Manchester United foundation, more information on which can be found here . It was the first time Ferguson, 77, had managed a United team since his retirement in 2013.

Mueller says he could not charge Trump as Congress weighs impeachment Mueller says he could not charge Trump as Congress weighs impeachment In a recent interview with CNN , Amash revealed that a few of his Republican colleagues have privately sympathized with his Trump impeachment remarks.

Majodina: No one on ANC’s Parly list dropped for Mabuza Majodina: No one on ANC’s Parly list dropped for Mabuza Cyril Ramaphosa is now without a deputy president - or a cabinet, for that matter - after delaying his announcement on who will serve alongside him.

Woods breaks into world top five Woods breaks into world top five While players are not allowed to place golf bets, they can bet on other sports and partake in other forms of gambling. Before his Masters victory, Tiger took on his longtime rival Phil Mickelson in a head to head match for $9m (£7.1m).

Magic Johnson responds to ESPN's report with rambling statement on ESPN Magic Johnson responds to ESPN's report with rambling statement on ESPN I can't worry about what somebody thinks, the perception. "What's got to happen now, is we got to get out of the news". Johnson called an impromptu meeting with media in April to step down from his front office position.

Children better off today than 20 years ago Children better off today than 20 years ago That is especially acute in rural America, where nearly one in four children grow up in poverty, according to Save the Children. However, Niger was one of the countries that made the most progress, along with Rwanda, Ethiopia and Sierra Leone.

Rafael Nadal Powers On In Paris, Stefanos Tsitsipas Battles Through Rafael Nadal Powers On In Paris, Stefanos Tsitsipas Battles Through She joined Germany's Angelique Kerber who was bundled out by another unheralded Russian, Anastasia Potapova, on Sunday. Seeded 19th this year, Muguruza won the title at Roland Garros in 2016 when she upset Serena Williams in the final.

Lamar Odom Confesses He Threatened to Kill Khloe Kardashian Lamar Odom Confesses He Threatened to Kill Khloe Kardashian That being the final straw for Kardashian, she eventually filed for divorce in 2014. Khloe Kardashian and Lamar Odom . "I was playing really good basketball".

Malaysia's final male Sumatran rhino dies Malaysia's final male Sumatran rhino dies Sabah Wildlife Department director Augustine Tuuga said the Malaysian male, Tam , had lived in a nature reserve on Borneo island . Tam fell ill in late April, losing his appetite and energy, and the decline was rapid.

Japan attack: Child among three dead in mass stabbing Japan attack: Child among three dead in mass stabbing And in 2010, more than a dozen people were injured in a stabbing spree on a school bus and a commuter bus in a Tokyo suburb. Speaking aboard a Japanese helicopter carrier, Trump said the American people grieved for the victims' families.