China threatens to limit rare earths exports in warning over trade war
China threatens to limit rare earths exports in warning over trade war
Chinese President Xi Jinping after an April news conference on the outskirts of Beijing
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".
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.
"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.
Earlier this month, Wedbush called the Huawei ban a "Fort Sumter moment", with Apple the "poster child" for trade uncertainty. Huawei's hardware will also be impacted, with companies such as Intel, Qualcomm and ARM also complying with the order.
A tornado watch is issued when conditions are favorable for tornadoes and severe thunderstorms are in and close to the watch area. Dayton, a large city in the state's southwest and the county seat of the Montgomery County, is now under a boil-water advisory.
Since 1900, only eight judges have been considered during a presidential election year, the Wall Street Journal noted in 2016. The seat was left vacant until April 2017, when President Trump nominated conservative justice Neil Gorsuch .
Reports said that the money raised in Hong Kong was meant to help Alibaba "diversify funding channels and boost liquidity". Since its Wall Street listing, Alibaba has nearly doubled in size to become the largest-listed Chinese company.
Both were subsequently removed from the Liberal caucus in early April and sit as Independent MPs in the House of Commons. Wilson-Raybould, the former attorney general, is now an independent MP for the B.C. riding of Vancouver-Granville.
The special counsel noted that the justice department's policy states that a sitting president may not be charged with a crime. Putin did get what he wanted, and Trump's presidency has been a boon to the Kremlin.
In his testimony, Kutcher recalled " freaking out " about his fingerprints on the door knob following her gruesome murder. He last spoke to her about 8:30 p.m., when he said he was at a friend's house and she was just getting out of the shower.
Trump's visit will include a lunch with Queen Elizabeth II and Prince Harry , CNN reports, but Meghan isn't expected to take part. The royal welcomed his son, Master Archie , into the world earlier this month, but wasted little time getting back to work.
Coming into the year's second Grand Slam event, Konta had yet to win a match at the French Open in her career. I'm approaching Roland Garros always in the same manner.
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.
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.
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".
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).
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.
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
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.