China Gears Up To Weaponize Rare Earths In Trade War

The US imports about 80 percent of its rare earth elements, used in a host of electronic components, from China.
(ALJAZEERA) – Beijing is gearing up to use its dominance of rare earths as a counter in its trade battle with Washington, according to a salvo of media reports in China that included hints from the state planning agency. Stocks of producers surged.
The U.S. shouldn’t underestimate China’s ability to fight the trade war, the People’s Daily, a flagship newspaper of the ruling Communist Party, said in a commentary Wednesday. It isn’t hard to answer the question whether China will use rare earths as a weapon as retaliation in the trade war, the paper said.
China is “seriously” considering restricting rare earth exports to the U.S. and may also implement other countermeasures, the editor-in-chief of the Global Times, a newspaper affiliated with the Communist Party, said in a tweet. An official at the National Development & Reform Commission told CCTV that people in the country won’t be happy to see products made with exported rare earths being used to suppress China’s development.

Editorials in the Global Times and Shanghai Securities News took similar tacks in their Wednesday editions.
The nation’s producers have rallied hard in recent weeks on the view that rare earths could be an ace in the trade war. President Xi Jinping visited a plant earlier this month, accompanied by his chief trade negotiator with the U.S., fueling speculation that the strategic materials could be weaponized in China’s tit-for-tat with the U.S.
Rare earths have already featured in the trade dispute. The Asian country raised tariffs to 25% from 10% on imports from America’s sole producer, while the U.S. excluded the elements from its own list of prospective tariffs on roughly $300 billion worth of Chinese goods to be targeted in its next wave of measures.
The U.S. relies on China, the leading global supplier, for about 80% of its rare earths, which are used in a host of applications from smartphones to electric vehicles to military gear. Rare earths, which include elements such as neodymium, used in magnets, and ytrrium for electronics, are relatively abundant in the earth’s crust, but mine-able concentrations are less common than other ores.
China’s rare earth market is dominated by a handful of producers including China Northern Rare Earth Group, Minmetals Rare Earth Co., Xiamen Tungsten Co. and Chinalco Rare Earth & Metals Co. The nation has form in using the elements to make a political point. It blocked exports to Japan after a maritime dispute in 2010, although the consequent spike in prices saw a flurry of activity to secure supplies elsewhere, which would be the risk again if Beijing follows through with its threat of retaliation.
China Northern rose as much as 6.1% in Shanghai, while Lynas Corp., the biggest producer of rare earth products outside China, added as much as 11% in Sydney. Both stocks are up by about a third this month. Hong Kong-listed China Rare Earth Holdings Ltd. spiked 39%.
China’s stranglehold is so strong that the U.S. joined with other nations earlier this decade in a World Trade Organization case to force the nation to export more amid a global shortage. The WTO ruled in favor of America, while prices eventually slumped as manufacturers turned to alternatives.
In December 2017, U.S. President Donald Trump signed an executive order to reduce the country’s dependence on external sources of critical minerals, including rare earths, which was aimed at reducing U.S. vulnerability to supply disruptions.

Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Trade War Between Us And China

Trade War Between Us And China

papar berkaitan - pada 25/5/2019 - jumlah : 160 hits
Donald Trumph vs Huawei Huawei has predicted the worst scenario after the 5G issues and prepare themselves Huawei introduces Hongmeng which gradually will replace Android Surely it has an advance system compared to existing one Huawei is ve...
China Says War With U S Would Be A Disaster As Tensions Mount

China Says War With U S Would Be A Disaster As Tensions Mount

papar berkaitan - pada 3/6/2019 - jumlah : 155 hits
China s Defence Minister Wei Fenghe said on Sunday that a war with the United States would be a disaster for the world while issuing a warning to Washington not to meddle in security disputes over Taiwan and the South China Sea China has be...
Trade War Is Stupid

Trade War Is Stupid

papar berkaitan - pada 31/5/2019 - jumlah : 99 hits
Trade war is stupid as it does not serve any purpose and disturbs economic progress of countries including Malaysia said Dr Mahathir Mohamed We would not like to have the US China trade war if more reasonable minds take over But at the mome...
China Ancam Akan Balas Sanksi As Atas Huawei

China Ancam Akan Balas Sanksi As Atas Huawei

papar berkaitan - pada 21/5/2019 - jumlah : 55 hits
Juru bicara Kementerian Luar Negeri China Lu Kang mengatakan Beijing menentang negara negara yang menjatuhkan sanksi sepihak terhadap perusahaan perusahaan China dan mengancam akan mengambil tindakan
Redmi K20 Bakal Dilancarkan Secara Rasmi Di China Pada Minggu Hadapan

Redmi K20 Bakal Dilancarkan Secara Rasmi Di China Pada Minggu Hadapan

papar berkaitan - pada 21/5/2019 - jumlah : 71 hits
Kita telah sedia mendengar mengenai beberapa desas desus berkenaan telefon pintar mercu terbaru dibawah jenama Redmi sejak beberapa minggu lepas Terkini akhirnya tarikh pelancaran telefon pintar berkenaan diketahui dimana pihak Xiaomi menja...
Pengusaha Batubara Ri Jalin Kerjasama Antisipasi Kebijakan China

Pengusaha Batubara Ri Jalin Kerjasama Antisipasi Kebijakan China

papar berkaitan - pada 18/5/2019 - jumlah : 56 hits
Asosiasi Pertambangan Batubara Indonesia menjalin kerjasama dengan asosiasi pertambangan batubara asal China yakni China National Coal Association untuk melancarkan hubungan bisnis batubara Indonesia dengan China dengan mengantisipasi kebij...
Dia Terpengaruh Dengan Filem Biru Suami Jual Isteri Di Twitter Untuk Digauli Dua Lelaki Sekali Gus Ditahan Polis

Aku Menangis 10060

China Tutup Semula Pawagam

Bantuan Kebajikan Ibu Tunggal

Berlaku Adil Jugalah Kepada Orang Kaya

Cara Dapat 1gb Data Percuma 1 April Pakej Rangsangan Ekonomi

Belanja Anak Kek Sedap Buatkan Kek Marble Nestum Sedap Lembut Terlajak Gebu

Jom Penjawat Awam Tingkatkan Ilmu Di Epsa

5 Jangkitan Penyakit Yang Mempunyai Kadar Kematian 100

Resepi Dalgona Coffee Viral Paling Lengkap

7 Imej Positif di Seluruh Dunia Sekitar Wabak COVID 19

Biodata Faliq Khan Adik Pelakon Neelofa

Bagaimana Juruvideo Memastikan Diri Selamat Ketika Merakam Video Hidupan Liar

Penang Street Art

Resepi Kuih Bom Tapi Tidak Meletup

Ejen Ali The Movie Pusaka Ungguli Senarai Pemenang Tellygeram Awards 2020

Pemasaran Affiliate Untuk Youtubers Menjana Pendapatan Mudah Dengan Productlink

6 Himpunan Resepi Donut Gebu Lembut Dan Mudah

How To Help Acid Reflux In Dogs