China Vows to be Responsible in Int'l Rare Earth Coop
    2010-12-15 20:29:27     Xinhua      Web Editor: Xu
A senior Chinese official said Wednesday that the country would act responsibly in international cooperation in rare earth exploration and ensuring the basic demands for the minerals are met.
Audio
A senior Chinese official said Wednesday that the country would act responsibly in international cooperation in rare earth exploration and ensuring the basic demands for the minerals are met.

The Ministry of Commerce (MOC) was still working with government departments to determine export quotas of rare earths for 2011, which would be based upon market demand and made public as soon as possible, MOC spokesman Yao Jian said at a press conference.

Yao reiterated that China's decision to cut rare earth exploration, production and exports was made amid the government's efforts to promote sustainable development and protect the environment.

China's rare earth export quotas were 30,300 tonnes for 2010, a decline of nearly 40 percent from 2009. However, China exported 32,200 tonnes of rare earths in the first three quarters of this year.

Rare earths, a class of 17 chemical elements, are widely used in the manufacturing of high-tech products such as flat-screen monitors, electric car batteries, wind turbines, missiles and aerospace alloys.

China, with around 30 percent of the world's rare earth reserves, was supplying 90 percent of the global demand, he said.

On Tuesday, the MOC published a list of 31 companies that had been accredited as qualified rare earth exporters for 2011. These companies, including both domestic businesses and overseas-funded enterprises, were rare earth producers and dealers.
Share

                  


CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. All rights reserved. Reproduction of text for non-commercial purposes only is permitted provided that both the source and author are acknowledged and a notifying email is sent to us.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.

 
Audio Reports more »
Biz Life more »
Policy more »
Markets more »

• China
China News
Chinese Press
Diplomatic
Society
Gallery
• World
Asia-Pacific
Europe
Americas
Middle East
Africa
• Video
Traveller
Culture Heritage
Beyond Stardom
Dynamic China

Life 360
Panoramic Sports
• Radio
Highlights
Livecast
Ways to Listen
• Business
Audio
Markets
Editor's Choice
Biz Photo
Special Coverage
• Travel
Destinations
Editor's Pick
What's in
On the Road
• Showbiz
Chinese Films
Music & Stage
Art & Literature
Video
Photo Gallery
Special Coverage
• Language Learning
Ask Pingping and Jules
Chinese Studio
Elementary Chinese
Pop Charts
English News
English Snippets